Companies That Usually Raise Their Dividend in June
Five-year record · updated
Key facts: dividend raises in June
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 17 U.S.-listed dividend stocks usually declare their first dividend increase of the year in June, based on SmarterDividends' records of the last five complete years; 8 did so in June in all five.
- The largest companies that usually raise their dividend in June are UnitedHealth (UNH), Caterpillar (CAT), Target (TGT), FedEx (FDX) and Kroger (KR).
- The typical first raise of the year among companies that raise in June is 8.1%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 15 of the 17 companies that usually raise in June have raised their dividend this year, and 2 have not.
- Among them, Target (TGT) has the longest dividend-growth streak, 42 consecutive years.
- Smith & Wesson Brands (SWBI) has had the largest typical raise among June raisers, a median of 22.5% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in June," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/june
Every company that usually raises in June (17)
June raisers, one by one
- UnitedHealth (UNH) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 5.0%, was declared on Jun 3, 2026.
- Caterpillar (CAT) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 7.9%, was declared on Jun 10, 2026.
- Target (TGT) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 1.8%, was declared on Jun 11, 2026.
- FedEx (FDX) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 4.4%, was declared on Jun 8, 2026.
- Kroger (KR) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 11.4%, was declared on Jun 25, 2026.
- Casey's General Stores (CASY) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 14.0%, was declared on Jun 4, 2026.
- Darden Restaurants (DRI) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 8.0%, was declared on Jun 25, 2026.
- General Mills (GIS) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 1.7%, was declared on Jun 25, 2025.
- National Fuel Gas (NFG) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 3.7%, was declared on Jun 11, 2026.
- Matson (MATX) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 5.6%, was declared on Jun 25, 2026.
- Korn Ferry (KFY) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 14.6%, was declared on Mar 5, 2026.
- Worthington Enterprises (WOR) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 5.3%, was declared on Jun 23, 2026.
- John Wiley & Sons (WLY) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 0.7%, was declared on Jun 25, 2026.
- John Wiley & Sons (WLYB) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 0.7%, was declared on Jun 25, 2026.
- Oil-Dri of America (ODC) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 9.8%, was declared on Jun 3, 2026.
- Smith & Wesson Brands (SWBI) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 8.3%, was declared on Jun 20, 2024.
- First Bancorp (FNLC) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 2.7%, was declared on Jun 25, 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 June?
17 U.S. dividend stocks usually do, including UnitedHealth (UNH), Caterpillar (CAT), Target (TGT), FedEx (FDX), Kroger (KR) and Casey's General Stores (CASY). The table above lists all of them with their five-year record.
When does UnitedHealth raise its dividend?
Usually in June. UnitedHealth (UNH) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 5.0%, was declared on Jun 3, 2026.
When does Caterpillar raise its dividend?
Usually in June. Caterpillar (CAT) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 7.9%, was declared on Jun 10, 2026.
When does Target raise its dividend?
Usually in June. Target (TGT) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 1.8%, was declared on Jun 11, 2026.
When does FedEx raise its dividend?
Usually in June. FedEx (FDX) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 4.4%, was declared on Jun 8, 2026.
When does Kroger raise its dividend?
Usually in June. Kroger (KR) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 11.4%, was declared on Jun 25, 2026.
How much do companies raise their dividends in June?
The typical first raise of the year among June 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.