Companies That Usually Raise Their Dividend in February
Five-year record · updated
Key facts: dividend raises in February
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 169 U.S.-listed dividend stocks usually declare their first dividend increase of the year in February, based on SmarterDividends' records of the last five complete years; 81 did so in February in all five.
- The largest companies that usually raise their dividend in February are Walmart (WMT), Cisco (CSCO), Coca-Cola (KO), Home Depot (HD) and Thermo Fisher Scientific (TMO).
- The typical first raise of the year among companies that raise in February is 8.3%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 146 of the 169 companies that usually raise in February have raised their dividend this year, and 23 have not.
- Among them, Coca-Cola (KO) has the longest dividend-growth streak, 55 consecutive years.
- Old Dominion Freight Line (ODFL) has had the largest typical raise among February raisers, a median of 33.3% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in February," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/february
Every company that usually raises in February (169)
February raisers, one by one
- Walmart (WMT) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 5.5%, was declared on Feb 19, 2026.
- Cisco (CSCO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Feb 11, 2026.
- Coca-Cola (KO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 3.9%, was declared on Feb 19, 2026.
- Home Depot (HD) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 1.3%, was declared on Feb 24, 2026.
- Thermo Fisher Scientific (TMO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 9.3%, was declared on Feb 25, 2026.
- Linde (LIN) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 6.7%, was declared on Feb 24, 2026.
- Gilead Sciences (GILD) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 3.8%, was declared on Feb 4, 2026.
- Analog Devices (ADI) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 11.1%, was declared on Feb 17, 2026.
- NextEra Energy (NEE) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 9.9%, was declared on Feb 13, 2026.
- Danaher (DHR) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 25.0%, was declared on Feb 24, 2026.
- Eaton (ETN) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 5.8%, was declared on Feb 26, 2026.
- British American Tobacco (BTI) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 11.5%, was declared on Feb 12, 2026.
- Prologis (PLD) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 5.9%, was declared on Feb 12, 2026.
- Corning (GLW) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 3.7%, was declared on Feb 8, 2023.
- CME (CME) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 4.0%, was declared on May 7, 2026.
- Trane Technologies (TT) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 11.7%, was declared on Feb 4, 2026.
- Equinix (EQIX) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 10.0%, was declared on Feb 11, 2026.
- Constellation Energy (CEG) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 10.1%, was declared on Feb 20, 2026.
- Intercontinental Exchange (ICE) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 8.3%, was declared on Feb 5, 2026.
- Waste Management (WM) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 14.5%, was declared on Mar 2, 2026.
- CSX (CSX) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 7.7%, was declared on Feb 26, 2026.
- 3M (MMM) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Feb 3, 2026.
- Moody's (MCO) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 9.6%, was declared on Feb 10, 2026.
- UPS (UPS) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 0.6%, was declared on Feb 5, 2025.
- Brookfield (BN) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 16.7%, was declared on Feb 11, 2026.
- Sherwin-Williams (SHW) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 1.3%, was declared on Feb 18, 2026.
- Cigna (CI) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 3.3%, was declared on Feb 5, 2026.
- Allstate (ALL) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 8.0%, was declared on Feb 4, 2026.
- Occidental Petroleum (OXY) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 7.7%, was declared on Aug 5, 2026.
- Monolithic Power Systems (MPWR) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 28.2%, was declared on Feb 5, 2026.
- AMETEK (AME) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 9.7%, was declared on Feb 12, 2026.
- Garmin (GRMN) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 16.7%, was declared on Feb 18, 2026.
- Sempra (SRE) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 2.0%, was declared on Feb 25, 2026.
- eBay (EBAY) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 6.9%, was declared on Feb 13, 2026.
- Humana (HUM) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 12.3%, was declared on Feb 16, 2023.
- Westinghouse Air Brake Technologies (WAB) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 24.0%, was declared on Feb 6, 2026.
- Xcel Energy (XEL) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 4.0%, was declared on Feb 25, 2026.
- Thomson Reuters (TRI) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 10.1%, was declared on Feb 4, 2026.
- L3Harris Technologies (LHX) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 4.2%, was declared on Jan 23, 2026.
- Exelon (EXC) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 5.0%, was declared on Feb 12, 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 February?
169 U.S. dividend stocks usually do, including Walmart (WMT), Cisco (CSCO), Coca-Cola (KO), Home Depot (HD), Thermo Fisher Scientific (TMO) and Linde (LIN). The table above lists all of them with their five-year record.
When does Walmart raise its dividend?
Usually in February. Walmart (WMT) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 5.5%, was declared on Feb 19, 2026.
When does Cisco raise its dividend?
Usually in February. Cisco (CSCO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Feb 11, 2026.
When does Coca-Cola raise its dividend?
Usually in February. Coca-Cola (KO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 3.9%, was declared on Feb 19, 2026.
When does Home Depot raise its dividend?
Usually in February. Home Depot (HD) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 1.3%, was declared on Feb 24, 2026.
When does Thermo Fisher Scientific raise its dividend?
Usually in February. Thermo Fisher Scientific (TMO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 9.3%, was declared on Feb 25, 2026.
How much do companies raise their dividends in February?
The typical first raise of the year among February raisers is about 8.3%. 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.