Companies That Usually Raise Their Dividend in April
Five-year record · updated
Key facts: dividend raises in April
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 48 U.S.-listed dividend stocks usually declare their first dividend increase of the year in April, based on SmarterDividends' records of the last five complete years; 31 did so in April in all five.
- The largest companies that usually raise their dividend in April are Johnson & Johnson (JNJ), Costco (COST), Procter & Gamble (PG), RTX (RTX) and IBM (IBM).
- The typical first raise of the year among companies that raise in April is 7.7%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 48 of the 48 companies that usually raise in April have raised their dividend this year.
- Among them, Johnson & Johnson (JNJ) has the longest dividend-growth streak, 55 consecutive years.
- Targa Resources (TRGP) has had the largest typical raise among April raisers, a median of 46.4% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in April," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/april
Every company that usually raises in April (48)
April raisers, one by one
- Johnson & Johnson (JNJ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.1%, was declared on Apr 14, 2026.
- Costco (COST) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 13.1%, was declared on Apr 15, 2026.
- Procter & Gamble (PG) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.0%, was declared on Apr 14, 2026.
- RTX (RTX) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 7.4%, was declared on Apr 30, 2026.
- IBM (IBM) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Apr 22, 2026.
- Qualcomm (QCOM) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.4%, was declared on Apr 1, 2026.
- Parker-Hannifin (PH) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 11.1%, was declared on Apr 23, 2026.
- Southern Company (SO) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 2.7%, was declared on Apr 20, 2026.
- Travelers (TRV) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 13.6%, was declared on Apr 16, 2026.
- Kinder Morgan (KMI) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 1.7%, was declared on Apr 22, 2026.
- MetLife (MET) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 4.4%, was declared on Apr 28, 2026.
- Targa Resources (TRGP) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 25.0%, was declared on Apr 16, 2026.
- W.W. Grainger (GWW) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 10.2%, was declared on Apr 29, 2026.
- Aon (AON) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 10.1%, was declared on Apr 10, 2026.
- Nasdaq (NDAQ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 14.8%, was declared on Apr 23, 2026.
- Ameriprise Financial (AMP) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 6.2%, was declared on Apr 23, 2026.
- Sysco (SYY) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 1.9%, was declared on Apr 17, 2026.
- Paychex (PAYX) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 10.2%, was declared on May 1, 2026.
- Otis Worldwide (OTIS) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 4.8%, was declared on Apr 21, 2026.
- American Water Works (AWK) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 8.1%, was declared on Apr 29, 2026.
- Constellation Brands (STZ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 1.0%, was declared on Apr 8, 2026.
- GFL Environmental (GFL) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 13.3%, was declared on Apr 2, 2026.
- Avery Dennison (AVY) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 6.4%, was declared on Apr 30, 2026.
- Invesco (IVZ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Apr 27, 2026.
- Watsco (WSO) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 10.0%, was declared on Apr 1, 2026.
- Evercore (EVR) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 6.0%, was declared on Apr 28, 2026.
- AGCO (AGCO) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 3.4%, was declared on Apr 23, 2026.
- Lithia Motors (LAD) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 22.8%, was declared on Jul 27, 2026.
- Portland General Electric (POR) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 5.0%, was declared on Apr 24, 2026.
- Sonoco Products (SON) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 1.9%, was declared on Apr 15, 2026.
- CSW Industrials (CSW) has had its first higher dividend of the year go ex-dividend in April in 5 of the last 5 years; its most recent raise, 11.1%, was declared on Apr 2, 2026.
- First Financial Bankshares (FFIN) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 15.8%, was declared on Apr 28, 2026.
- Tanger (SKT) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 6.8%, was declared on Apr 13, 2026.
- Broadstone Net Lease (BNL) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 1.0%, was declared on Feb 13, 2026.
- H.B. Fuller (FUL) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 4.3%, was declared on Apr 16, 2026.
- First Commonwealth Financial (FCF) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.7%, was declared on Apr 28, 2026.
- ConnectOne Bancorp (CNOB) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 8.3%, was declared on Apr 23, 2026.
- Peoples Bancorp (PEBO) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Apr 20, 2026.
- Winmark (WINA) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 6.3%, was declared on Apr 15, 2026.
- Employers (EIG) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 6.3%, was declared on Apr 29, 2026.
How to read the raise calendar
Companies that raise their dividend every year usually do it at the same time each year, often alongside a particular quarter's results. Coca-Cola, for example, declares its higher dividend in February.
The month here is when the company declared its first higher dividend of the year. The higher payment goes ex-dividend a few weeks later and is paid after that. A raise announced in a press release can come earlier than the declaration.
Past timing is a pattern, not a promise. A company can skip a year or cut instead, which is why the table shows whether this year's raise has arrived.
Frequently asked questions
Which companies raise their dividends in April?
48 U.S. dividend stocks usually do, including Johnson & Johnson (JNJ), Costco (COST), Procter & Gamble (PG), RTX (RTX), IBM (IBM) and Qualcomm (QCOM). The table above lists all of them with their five-year record.
When does Johnson & Johnson raise its dividend?
Usually in April. Johnson & Johnson (JNJ) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.1%, was declared on Apr 14, 2026.
When does Costco raise its dividend?
Usually in April. Costco (COST) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 13.1%, was declared on Apr 15, 2026.
When does Procter & Gamble raise its dividend?
Usually in April. Procter & Gamble (PG) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.0%, was declared on Apr 14, 2026.
When does RTX raise its dividend?
Usually in April. RTX (RTX) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 7.4%, was declared on Apr 30, 2026.
When does IBM raise its dividend?
Usually in April. IBM (IBM) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Apr 22, 2026.
How much do companies raise their dividends in April?
The typical first raise of the year among April raisers is about 7.7%. Individual raises range widely, from token increases to double digits; the table shows each company's last raise and its usual size.
Is a dividend raise guaranteed?
No. These months describe what companies have done, not a promise. A company can skip a raise, change its timing, or cut its dividend; only its board decides, and it announces each dividend shortly before paying it.
How is the raise month decided here?
For each company, SmarterDividends takes the first higher dividend of each of the last five complete years and records the month it was declared (or, where the declaration date is missing, the month it went ex-dividend). A company appears in the month that happened most often, at least three times in five years. Companies that raise several times a year are left out.
Related
Raise months are derived from SmarterDividends' payment and declaration records for the last five complete years. For information only, not investment advice. Full calendar.