Companies That Usually Raise Their Dividend in September
Five-year record · updated
Key facts: dividend raises in September
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, 19 U.S.-listed dividend stocks usually declare their first dividend increase of the year in September, based on SmarterDividends' records of the last five complete years; 8 did so in September in all five.
- The largest companies that usually raise their dividend in September are Microsoft (MSFT), Philip Morris (PM), Texas Instruments (TXN), Verizon (VZ) and Accenture (ACN).
- The typical first raise of the year among companies that raise in September is 6.4%, the median of each company's five-year median increase.
- As of Oct 19, 2026, 12 of the 19 companies that usually raise in September have raised their dividend this year, and 7 have not.
- Among them, Brady (BRC) has the longest dividend-growth streak, 33 consecutive years.
- Argan (AGX) has had the largest typical raise among September raisers, a median of 25.0% over the last five years.
Cite this page
SmarterDividends, "Companies That Usually Raise Their Dividend in September," updated Oct 19, 2026, https://smarterdividends.com/dividend-raise-calendar/september
Every company that usually raises in September (19)
September raisers, one by one
- Microsoft (MSFT) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 9.6%, was declared on Sep 15, 2025.
- Philip Morris (PM) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 8.8%, was declared on Sep 18, 2026.
- Texas Instruments (TXN) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 4.4%, was declared on Sep 18, 2025.
- Verizon (VZ) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 2.6%, was declared on Jan 30, 2026.
- Accenture (ACN) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 4.9%, was declared on Oct 1, 2026.
- Starbucks (SBUX) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 1.6%, was declared on Sep 8, 2025.
- U.S. Bancorp (USB) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 3.8%, was declared on Sep 8, 2026.
- Honeywell International (HON) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 11.7%, was declared on Sep 26, 2025.
- Keurig Dr Pepper (KDP) has declared its first higher dividend of the year in September in 3 of the last 5 years; its most recent raise, 7.0%, was declared on Sep 12, 2024.
- Fifth Third Bancorp (FITB) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 5.0%, was declared on Sep 17, 2026.
- VICI Properties (VICI) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 2.2%, was declared on Sep 3, 2026.
- OGE Energy (OGE) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 0.9%, was declared on Sep 22, 2026.
- Phillips Edison & (PECO) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 6.5%, was declared on Sep 1, 2026.
- Argan (AGX) has declared its first higher dividend of the year in September in 3 of the last 5 years; its most recent raise, 33.3%, was declared on Sep 10, 2025.
- Brady (BRC) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 2.0%, was declared on Sep 1, 2026.
- City (CHCO) has declared its first higher dividend of the year in September in 3 of the last 5 years; its most recent raise, 14.9%, was declared on Sep 30, 2026.
- Concentrix (CNXC) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 8.1%, was declared on Sep 25, 2025.
- Stewart Information Services (STC) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 4.8%, was declared on Aug 31, 2026.
- Equity Bancshares (EQBK) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 22.2%, was declared on Sep 10, 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 September?
19 U.S. dividend stocks usually do, including Microsoft (MSFT), Philip Morris (PM), Texas Instruments (TXN), Verizon (VZ), Accenture (ACN) and Starbucks (SBUX). The table above lists all of them with their five-year record.
When does Microsoft raise its dividend?
Usually in September. Microsoft (MSFT) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 9.6%, was declared on Sep 15, 2025.
When does Philip Morris raise its dividend?
Usually in September. Philip Morris (PM) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 8.8%, was declared on Sep 18, 2026.
When does Texas Instruments raise its dividend?
Usually in September. Texas Instruments (TXN) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 4.4%, was declared on Sep 18, 2025.
When does Verizon raise its dividend?
Usually in September. Verizon (VZ) has declared its first higher dividend of the year in September in 5 of the last 5 years; its most recent raise, 2.6%, was declared on Jan 30, 2026.
When does Accenture raise its dividend?
Usually in September. Accenture (ACN) has declared its first higher dividend of the year in September in 4 of the last 5 years; its most recent raise, 4.9%, was declared on Oct 1, 2026.
How much do companies raise their dividends in September?
The typical first raise of the year among September raisers is about 6.4%. 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.