Dividend hikes and cuts for Week 24, 2025
11 dividend increases in week 24 of 2025 with 8 'double' track records and 2 Dividend Heroes
In a particularly noteworthy week, we tracked 11 dividend increases — including two Dividend Heroes and eight companies with at least 10 consecutive years of dividend growth.
Key Points for week 24, 2025
11 dividend increases
3 double digit dividend hikes including two of our Dividend Heroes
1 special dividend announced (this is a Dividend Hero)
The biggest hike came from Flexsteel (FLXS), which raised its dividend by 18%, following a 13% increase earlier in 2024. That brings its current yield to 2.7%. A word of caution, though: the stock is down a hefty 46% year-to-date in 2025.
In total, eight stocks announced double-digit dividend increases, including the two Dividend Heroes. This comes as no surprise to us: our Heroes consistently deliver double-digit hikes — that’s exactly why we call them heroes. Want to know which ones? That’s behind the paywall. But here’s a teaser: one of them, active in the insurance sector, also announced a special dividend and has now raised its dividend 24 years in a row. The other just hit an all-time high and has now raised its dividend for an impressive 26 consecutive years.
Beyond these two standouts, there were several well-known names boosting their payouts — think Caterpillar, FedEx, Realty Income, and Target. While these moves are solid, they don’t exactly wow us, though Caterpillar remains a respectable dividend grower.
One of the more intriguing hikes came from the lesser-known National Fuel Gas NFG 0.00%↑ — a vertically integrated energy company involved in natural gas exploration, pipeline transportation, and utility distribution. It raised its dividend by 4%, marking an extraordinary 55 consecutive years of dividend growth. Oh, and by the way — the stock hit a fresh all-time high last week.
Still, the most impressive increases came from our two Dividend Heroes, which we highlight below.