SmarterDividends

Companies That Usually Raise Their Dividend in December

Five-year record · updated

47 U.S. dividend stocks usually declare their dividend increase in December, including Broadcom (AVGO), Eli Lilly (LLY), Mastercard (MA) and Amgen (AMGN). 24 of them have raised in December every year for the last five. The typical raise is about 6.8%.

Key facts: dividend raises in December

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, 47 U.S.-listed dividend stocks usually declare their first dividend increase of the year in December, based on SmarterDividends' records of the last five complete years; 24 did so in December in all five.
  • The largest companies that usually raise their dividend in December are Broadcom (AVGO), Eli Lilly (LLY), Mastercard (MA), Amgen (AMGN) and Abbott Laboratories (ABT).
  • The typical first raise of the year among companies that raise in December is 6.8%, the median of each company's five-year median increase.
  • Among them, ABM Industries (ABM) has the longest dividend-growth streak, 41 consecutive years.
  • Japan Smaller Capitalization Fund (JOF) has had the largest typical raise among December raisers, a median of 76.2% over the last five years.
Cite this page

SmarterDividends, "Companies That Usually Raise Their Dividend in December," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/december

Every company that usually raises in December (47)

Largest first. "Raised this month" counts how many of the last five years the first raise of the year came in December.
Companies that usually raise their dividend in December
CompanyThis year
AVGOAVGOBroadcom Inc.4 of 5 yrs · last +10.2%Not yet due
LLYLLYEli Lilly and Company5 of 5 yrs · last +15.3%Not yet due
MAMAMastercard Incorporated4 of 5 yrs · last +14.5%Not yet due
AMGNAMGNAmgen Inc.5 of 5 yrs · last +5.9%Not yet due
ABTABTAbbott Laboratories5 of 5 yrs · last +6.8%Not yet due
PFEPFEPfizer Inc.5 of 5 yrs · last +2.4%Not yet due
BMYBMYBristol-Myers Squibb Company4 of 5 yrs · last +1.6%Not yet due
CVSCVSCVS Health Corporation3 of 5 yrs · last +9.9%Not yet due
SYKSYKStryker Corporation5 of 5 yrs · last +4.8%Not yet due
ECLECLEcolab Inc.5 of 5 yrs · last +12.3%Not yet due
NUENUENucor Corporation5 of 5 yrs · last +1.8%Not yet due
CARRCARRCarrier Global Corporation4 of 5 yrs · last +6.7%Not yet due
WECWECWEC Energy Group, Inc.5 of 5 yrs · last +6.7%Not yet due
ZTSZTSZoetis Inc.5 of 5 yrs · last +6.0%Not yet due
RJFRJFRaymond James Financial, Inc.3 of 5 yrs · last +8.0%Not yet due
DTEDTEDTE Energy Company3 of 5 yrs · last +6.9%Not yet due
CNPCNPCenterPoint Energy, Inc.3 of 5 yrs · last +4.3%Raised Jul 15, 2026
EIXEIXEdison International4 of 5 yrs · last +6.0%Not yet due
BENBENFranklin Templeton Inc.4 of 5 yrs · last +3.1%Not yet due
MAAMAAMid-America Apartment Communities, Inc.5 of 5 yrs · last +1.0%Not yet due
GGGGGGGraco Inc.5 of 5 yrs · last +7.3%Not yet due
ERIEERIEErie Indemnity Company5 of 5 yrs · last +7.2%Not yet due
AESAESThe AES Corporation5 of 5 yrs · last +1.7%Not yet due
ENSGENSGThe Ensign Group, Inc.5 of 5 yrs · last +3.2%Not yet due
TTCTTCThe Toro Company5 of 5 yrs · last +2.6%Not yet due
OCOCOwens Corning5 of 5 yrs · last +14.5%Not yet due
CUBECUBECubeSmart3 of 5 yrs · last +1.9%Not yet due
PNRPNRPentair plc5 of 5 yrs · last +8.0%Not yet due
THGTHGThe Hanover Insurance Group, Inc.5 of 5 yrs · last +5.6%Not yet due
MORNMORNMorningstar, Inc.4 of 5 yrs · last +9.9%Not yet due
LWLWLamb Weston Holdings, Inc.5 of 5 yrs · last +2.7%Not yet due
EMNEMNEastman Chemical Company5 of 5 yrs · last +1.2%Not yet due
TXNMTXNMTXNM Energy, Inc.4 of 5 yrs · last +3.7%Not yet due
MOSMOSThe Mosaic Company4 of 5 yrs · last +4.8%Not yet due
FBINFBINFortune Brands Innovations, Inc.4 of 5 yrs · last +4.0%Not yet due
SFBSSFBSServisFirst Bancshares, Inc.4 of 5 yrs · last +13.4%Not yet due
VACVACMarriott Vacations Worldwide Corporation3 of 5 yrs · last +1.3%Not yet due
ABMABMABM Industries Incorporated5 of 5 yrs · last +9.4%Not yet due
WDFCWDFCWD-40 Company3 of 5 yrs · last +8.5%Not yet due
ANDEANDEThe Andersons, Inc.4 of 5 yrs · last +2.6%Not yet due
TRNTRNTrinity Industries, Inc.5 of 5 yrs · last +3.3%Not yet due
AINAINAlbany International Corp.5 of 5 yrs · last +3.7%Not yet due
UTZUTZUtz Brands, Inc.3 of 5 yrs · last +3.3%Not yet due
PFBCPFBCPreferred Bank4 of 5 yrs · last +6.7%Not yet due
UPBDUPBDUpbound Group, Inc.3 of 5 yrs · last +5.4%Not yet due
NWFLNWFLNorwood Financial Corp.5 of 5 yrs · last +3.2%Not yet due
JOFJOFJapan Smaller Capitalization Fund, Inc.3 of 5 yrs · last +7.9%Raised May 22, 2026

December raisers, one by one

  • Broadcom (AVGO) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 10.2%, was declared on Dec 9, 2025.
  • Eli Lilly (LLY) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 15.3%, was declared on Dec 8, 2025.
  • Mastercard (MA) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 14.5%, was declared on Dec 9, 2025.
  • Amgen (AMGN) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 5.9%, was declared on Dec 9, 2025.
  • Abbott Laboratories (ABT) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Dec 12, 2025.
  • Pfizer (PFE) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Dec 12, 2024.
  • Bristol-Myers Squibb (BMY) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 1.6%, was declared on Dec 10, 2025.
  • CVS Health (CVS) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 9.9%, was declared on Dec 5, 2023.
  • Stryker (SYK) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 4.8%, was declared on Dec 11, 2025.
  • Ecolab (ECL) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 12.3%, was declared on Dec 4, 2025.
  • Nucor (NUE) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.8%, was declared on Dec 1, 2025.
  • Carrier Global (CARR) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 6.7%, was declared on Dec 3, 2025.
  • WEC Energy (WEC) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.7%, was declared on Dec 4, 2025.
  • Zoetis (ZTS) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.0%, was declared on Dec 11, 2025.
  • Raymond James Financial (RJF) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 8.0%, was declared on Dec 3, 2025.
  • DTE Energy (DTE) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 6.9%, was declared on Dec 2, 2025.
  • CenterPoint Energy (CNP) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 4.3%, was declared on Jul 15, 2026.
  • Edison International (EIX) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 6.0%, was declared on Dec 11, 2025.
  • Franklin Templeton (BEN) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 3.1%, was declared on Dec 17, 2025.
  • Mid-America Apartment Communities (MAA) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.0%, was declared on Dec 17, 2025.
  • Graco (GGG) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 7.3%, was declared on Dec 5, 2025.
  • Erie Indemnity (ERIE) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 7.2%, was declared on Dec 9, 2025.
  • AES (AES) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.7%, was declared on Dec 6, 2024.
  • Ensign (ENSG) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 3.2%, was declared on Dec 19, 2025.
  • Toro (TTC) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 2.6%, was declared on Dec 9, 2025.
  • Owens Corning (OC) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 14.5%, was declared on Dec 4, 2025.
  • CubeSmart (CUBE) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 1.9%, was declared on Dec 15, 2025.
  • Pentair (PNR) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 8.0%, was declared on Dec 15, 2025.
  • Hanover Insurance (THG) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 5.6%, was declared on Dec 1, 2025.
  • Morningstar (MORN) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 9.9%, was declared on Dec 5, 2025.
  • Lamb Weston (LW) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 2.7%, was declared on Dec 17, 2025.
  • Eastman Chemical (EMN) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.2%, was declared on Dec 4, 2025.
  • TXNM Energy (TXNM) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 3.7%, was declared on Dec 2, 2025.
  • Mosaic (MOS) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 4.8%, was declared on Dec 20, 2024.
  • Fortune Brands Innovations (FBIN) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 4.0%, was declared on Dec 11, 2025.
  • ServisFirst Bancshares (SFBS) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 13.4%, was declared on Dec 15, 2025.
  • Marriott Vacations Worldwide (VAC) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 1.3%, was declared on Dec 12, 2025.
  • ABM Industries (ABM) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 9.4%, was declared on Dec 17, 2025.
  • WD-40 (WDFC) has declared its first higher dividend of the year in December in 3 of the last 5 years; its most recent raise, 8.5%, was declared on Dec 10, 2025.
  • Andersons (ANDE) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 2.6%, was declared on Dec 11, 2025.

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 December?

47 U.S. dividend stocks usually do, including Broadcom (AVGO), Eli Lilly (LLY), Mastercard (MA), Amgen (AMGN), Abbott Laboratories (ABT) and Pfizer (PFE). The table above lists all of them with their five-year record.

When does Broadcom raise its dividend?

Usually in December. Broadcom (AVGO) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 10.2%, was declared on Dec 9, 2025.

When does Eli Lilly raise its dividend?

Usually in December. Eli Lilly (LLY) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 15.3%, was declared on Dec 8, 2025.

When does Mastercard raise its dividend?

Usually in December. Mastercard (MA) has declared its first higher dividend of the year in December in 4 of the last 5 years; its most recent raise, 14.5%, was declared on Dec 9, 2025.

When does Amgen raise its dividend?

Usually in December. Amgen (AMGN) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 5.9%, was declared on Dec 9, 2025.

When does Abbott Laboratories raise its dividend?

Usually in December. Abbott Laboratories (ABT) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Dec 12, 2025.

How much do companies raise their dividends in December?

The typical first raise of the year among December raisers is about 6.8%. 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.

Raise calendar by month

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Related

This week's dividend increases and cutsWeekly dividend changes archiveDividend AristocratsDividend KingsDividends by payment month

Raise months are derived from SmarterDividends' payment and declaration records for the last five complete years. For information only, not investment advice. Full calendar.