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.
So two stocks we like are Caseys General Stores CASY 0.00%↑ and W.R. Berkley WRB 0.00%↑. Both of them are Dividend Heroes (not top 25 for 2025, but they do make the full list) and have just announced a double digit dividend hike.
W.R. Berkley also announced a $0.50 per share special dividend. This insurance company typically announces two of these special dividends annually. The base yield is low but get more interesting of you add these additional payments.
Caseys (gasoline/convenience store operator) also has a low dividend yield but this company keeps soaring to new all time highs and hikes its dividend by double digits every year.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.