Companies That Usually Raise Their Dividend in January
Five-year record · updated
Key facts: dividend raises in January
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 84 U.S.-listed dividend stocks usually declare their first dividend increase of the year in January, based on SmarterDividends' records of the last five complete years; 36 did so in January in all five.
- The largest companies that usually raise their dividend in January are Chevron (CVX), BlackRock (BLK), Charles Schwab (SCHW), Valero Energy (VLO) and S&P Global (SPGI).
- The typical first raise of the year among companies that raise in January is 8.1%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 76 of the 84 companies that usually raise in January have raised their dividend this year, and 8 have not.
- Among them, H2O America (HTO) has the longest dividend-growth streak, 45 consecutive years.
- Lennar (LEN) has had the largest typical raise among January raisers, a median of 33.3% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in January," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/january
Every company that usually raises in January (84)
January raisers, one by one
- Chevron (CVX) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 4.1%, was declared on Jan 30, 2026.
- BlackRock (BLK) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 10.0%, was declared on Jan 15, 2026.
- Charles Schwab (SCHW) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 18.5%, was declared on Jan 29, 2026.
- Valero Energy (VLO) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 6.2%, was declared on Jan 22, 2026.
- S&P Global (SPGI) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 5.7%, was declared on Jun 22, 2026.
- HCA Healthcare (HCA) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 8.3%, was declared on Jan 26, 2026.
- Elevance Health (ELV) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Jan 27, 2026.
- Williams (WMB) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 5.0%, was declared on Jan 27, 2026.
- Comcast (CMCSA) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 6.7%, was declared on Oct 30, 2025.
- SLB (SLB) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 3.5%, was declared on Jan 22, 2026.
- Norfolk Southern (NSC) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 8.9%, was declared on Jan 24, 2023.
- Air Products and Chemicals (APD) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 1.1%, was declared on Jan 27, 2026.
- Arthur J. Gallagher & (AJG) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 7.7%, was declared on Jan 28, 2026.
- ONEOK (OKE) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 3.9%, was declared on Jan 21, 2026.
- Fastenal (FAST) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 8.3%, was declared on Jul 10, 2026.
- Franco-Nevada (FNV) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 15.8%, was declared on Jan 12, 2026.
- Consolidated Edison (ED) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 4.5%, was declared on Jan 27, 2026.
- MSCI (MSCI) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 13.9%, was declared on Jan 27, 2026.
- Archer-Daniels-Midland (ADM) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 2.0%, was declared on Feb 2, 2026.
- Royalty Pharma (RPRX) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Jan 9, 2026.
- Kimberly-Clark (KMB) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 1.6%, was declared on Jan 27, 2026.
- Halliburton (HAL) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 6.3%, was declared on Jan 23, 2024.
- Cincinnati Financial (CINF) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 8.0%, was declared on Jan 30, 2026.
- Church & Dwight (CHD) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 4.4%, was declared on Jan 30, 2026.
- NRG Energy (NRG) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 8.0%, was declared on Jan 23, 2026.
- J.B. Hunt Transport Services (JBHT) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 2.3%, was declared on Jan 22, 2026.
- NiSource (NI) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 7.1%, was declared on Jan 22, 2026.
- TD SYNNEX (SNX) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 9.1%, was declared on Jan 8, 2026.
- Woodward (WWD) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 14.3%, was declared on Jan 28, 2026.
- Lennar (LEN) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 3.3%, was declared on Jan 14, 2025.
- Plains All American Pipeline, L.P (PAA) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 10.0%, was declared on Jan 5, 2026.
- Alliant Energy (LNT) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 5.5%, was declared on Jan 12, 2026.
- East West Bancorp (EWBC) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 33.3%, was declared on Jan 22, 2026.
- Jacobs Solutions (J) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 12.5%, was declared on Jan 29, 2026.
- Pinnacle Financial Partners (PNFP) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 108.3%, was declared on Jan 26, 2026.
- Applied Industrial Technologies (AIT) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 10.9%, was declared on Jan 27, 2026.
- Jefferies Financial (JEF) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 14.3%, was declared on Jan 8, 2025.
- Stifel Financial (SF) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 10.9%, was declared on Jan 27, 2026.
- Wintrust Financial (WTFC) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 10.0%, was declared on Jan 22, 2026.
- Booz Allen Hamilton (BAH) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 7.3%, was declared on Jan 23, 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 January?
84 U.S. dividend stocks usually do, including Chevron (CVX), BlackRock (BLK), Charles Schwab (SCHW), Valero Energy (VLO), S&P Global (SPGI) and HCA Healthcare (HCA). The table above lists all of them with their five-year record.
When does Chevron raise its dividend?
Usually in January. Chevron (CVX) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 4.1%, was declared on Jan 30, 2026.
When does BlackRock raise its dividend?
Usually in January. BlackRock (BLK) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 10.0%, was declared on Jan 15, 2026.
When does Charles Schwab raise its dividend?
Usually in January. Charles Schwab (SCHW) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 18.5%, was declared on Jan 29, 2026.
When does Valero Energy raise its dividend?
Usually in January. Valero Energy (VLO) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 6.2%, was declared on Jan 22, 2026.
When does S&P Global raise its dividend?
Usually in January. S&P Global (SPGI) has declared its first higher dividend of the year in January in 4 of the last 5 years; its most recent raise, 5.7%, was declared on Jun 22, 2026.
How much do companies raise their dividends in January?
The typical first raise of the year among January raisers is about 8.1%. 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.