Dividend Raise Calendar
671 companies · five-year records · updated
Key facts: when companies raise dividends
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, SmarterDividends has a consistent raise month for 671 U.S.-listed dividend stocks: the month each one declared its first dividend increase of the year in at least three of the last five years.
- February is the most common month for dividend raises, with 169 companies, many of which declare a higher dividend alongside their full-year results.
- By SmarterDividends' records, Coca-Cola usually raises in February, Johnson & Johnson usually raises in April, Procter & Gamble usually raises in April, PepsiCo usually raises in May, Microsoft usually raises in September and Apple usually raises in May.
- 101 companies that usually raise their dividend in October or November had not yet raised this year as of Oct 19, 2026, including Visa (V), ExxonMobil (XOM), AbbVie (ABBV) and Merck (MRK).
Cite this page
SmarterDividends, "Dividend Raise Calendar: When Companies Usually Raise Their Dividends," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar
Raises by month
Raises usually due in October and November
How this calendar works
For every U.S. dividend stock with steady regular payments, SmarterDividends finds the first higher dividend of each of the last five complete years and the month it was declared. If the same month comes up at least three times, the company goes on that month's list.
Companies that raise several times a year, raise irregularly, or pay variable amounts (funds, royalty trusts, many foreign companies) are left out. The table on each month's page shows how many of the five years matched, the last raise and its size, and whether this year's raise has arrived.
Frequently asked questions
When do most companies raise their dividends?
February is the busiest month, with 169 of the 671 companies on this calendar. Raises cluster around the months when companies report full-year or quarterly results.
When does Coca-Cola raise its dividend?
Usually in February: Coca-Cola declared its first higher dividend of the year in February in 5 of the last 5 years.
When does Johnson & Johnson raise its dividend?
Usually in April: Johnson & Johnson declared its first higher dividend of the year in April in 5 of the last 5 years.
When does Procter & Gamble raise its dividend?
Usually in April: Procter & Gamble declared its first higher dividend of the year in April in 5 of the last 5 years.
When does PepsiCo raise its dividend?
Usually in May: PepsiCo declared its first higher dividend of the year in May in 4 of the last 5 years.
When does Microsoft raise its dividend?
Usually in September: Microsoft declared its first higher dividend of the year in September in 5 of the last 5 years.
When does Apple raise its dividend?
Usually in May: Apple declared its first higher dividend of the year in May in 3 of the last 5 years.
When does ExxonMobil raise its dividend?
Usually in October: ExxonMobil declared its first higher dividend of the year in October in 4 of the last 5 years.
When does Walmart raise its dividend?
Usually in February: Walmart declared its first higher dividend of the year in February in 5 of the last 5 years.
Do companies announce dividend raises in advance?
Usually only a few weeks ahead. The board declares each dividend, often with quarterly results, and the higher payment goes ex-dividend a few weeks later. Some companies preview a raise earlier in a press release.
Why isn't a company I own on the calendar?
It may raise several times a year (such as Realty Income), raise irregularly, have fewer than three raises in the last five years, or be a fund or foreign company whose payments change with exchange rates.
Related
A raise month describes past timing, not a promise of a future raise. For information only, not investment advice.