Companies That Usually Raise Their Dividend in March
Five-year record · updated
Key facts: dividend raises in March
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 32 U.S.-listed dividend stocks usually declare their first dividend increase of the year in March, based on SmarterDividends' records of the last five complete years; 12 did so in March in all five.
- The largest companies that usually raise their dividend in March are Oracle (ORCL), Applied Materials (AMAT), American Express (AXP), TJX (T.J. Maxx) (TJX) and General Dynamics (GD).
- The typical first raise of the year among companies that raise in March is 7.9%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 29 of the 32 companies that usually raise in March have raised their dividend this year, and 3 have not.
- Among them, Colgate-Palmolive (CL) has the longest dividend-growth streak, 52 consecutive years.
- Oracle (ORCL) has had the largest typical raise among March raisers, a median of 25.0% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in March," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/march
Every company that usually raises in March (32)
March raisers, one by one
- Oracle (ORCL) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 25.0%, was declared on Mar 10, 2025.
- Applied Materials (AMAT) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 15.2%, was declared on Mar 12, 2026.
- American Express (AXP) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 15.9%, was declared on Mar 2, 2026.
- TJX (T.J. Maxx) (TJX) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 12.9%, was declared on Mar 30, 2026.
- General Dynamics (GD) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 6.0%, was declared on Mar 4, 2026.
- Johnson Controls International (JCI) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 8.1%, was declared on Mar 4, 2026.
- Ross Stores (ROST) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 9.9%, was declared on Mar 3, 2026.
- Colgate-Palmolive (CL) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 1.9%, was declared on Mar 12, 2026.
- TE Connectivity (TEL) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 9.9%, was declared on Mar 11, 2026.
- Wheaton Precious Metals (WPM) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 18.2%, was declared on Mar 12, 2026.
- Vivmark Residential (VMRK) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 1.4%, was declared on Mar 19, 2026.
- Dollar General (DG) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 7.3%, was declared on Mar 16, 2023.
- Williams-Sonoma (WSM) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 15.2%, was declared on Mar 18, 2026.
- Equity Residential (EQR) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 1.4%, was declared on Mar 19, 2026.
- Best Buy (BBY) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 1.1%, was declared on Mar 3, 2026.
- Sun Communities (SUI) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 7.7%, was declared on Mar 12, 2026.
- DICK'S Sporting Goods (DKS) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 3.1%, was declared on Mar 11, 2026.
- Globe Life (GL) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 22.2%, was declared on Feb 26, 2026.
- UDR (UDR) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 1.2%, was declared on Mar 19, 2026.
- Toll Brothers (TOL) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 4.0%, was declared on Mar 10, 2026.
- Brookfield Wealth Solutions (BNT) has had its first higher dividend of the year go ex-dividend in March in 3 of the last 5 years; its most recent raise, 16.7%, was declared on Feb 12, 2026.
- CareTrust REIT (CTRE) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 16.4%, was declared on Mar 13, 2026.
- Vail Resorts (MTN) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 7.8%, was declared on Mar 11, 2024.
- Signet Jewelers (SIG) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 9.4%, was declared on Mar 19, 2026.
- Travel + Leisure (TNL) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 7.1%, was declared on Mar 12, 2026.
- COPT Defense Properties (CDP) has had its first higher dividend of the year go ex-dividend in March in 3 of the last 5 years; its most recent raise, 4.9%, was declared on Feb 19, 2026.
- Independent Bank (INDB) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 8.5%, was declared on Mar 19, 2026.
- Academy Sports and Outdoors (ASO) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 15.4%, was declared on Mar 5, 2026.
- Kadant (KAI) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 5.9%, was declared on Mar 11, 2026.
- InvenTrust Properties (IVT) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 5.0%, was declared on Mar 13, 2026.
- Horace Mann Educators (HMN) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 2.9%, was declared on Feb 27, 2026.
- Oxford Industries (OXM) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 1.4%, was declared on Mar 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 March?
32 U.S. dividend stocks usually do, including Oracle (ORCL), Applied Materials (AMAT), American Express (AXP), TJX (T.J. Maxx) (TJX), General Dynamics (GD) and Johnson Controls International (JCI). The table above lists all of them with their five-year record.
When does Oracle raise its dividend?
Usually in March. Oracle (ORCL) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 25.0%, was declared on Mar 10, 2025.
When does Applied Materials raise its dividend?
Usually in March. Applied Materials (AMAT) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 15.2%, was declared on Mar 12, 2026.
When does American Express raise its dividend?
Usually in March. American Express (AXP) has declared its first higher dividend of the year in March in 4 of the last 5 years; its most recent raise, 15.9%, was declared on Mar 2, 2026.
When does TJX (T.J. Maxx) raise its dividend?
Usually in March. TJX (T.J. Maxx) (TJX) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 12.9%, was declared on Mar 30, 2026.
When does General Dynamics raise its dividend?
Usually in March. General Dynamics (GD) has declared its first higher dividend of the year in March in 5 of the last 5 years; its most recent raise, 6.0%, was declared on Mar 4, 2026.
How much do companies raise their dividends in March?
The typical first raise of the year among March raisers is about 7.9%. 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.