Top 10 Dividend Hikes of the Week
Week 50 highlights: ABT, AVGO, LLY, BMY, AMGN and O hikes
Last week saw significant activity in the dividend world, with 40 dividend actions—including regular hikes and special dividends. Today, we highlight the 10 biggest dividend hikes of the week, showcasing companies that delivered substantial payout increases to shareholders.
Leading the list is Royal Caribbean Cruises (RCL), which announced an impressive 37.5% dividend hike. This strong increase reflects confidence in the company’s performance as it continues its remarkable recovery, with the stock up nearly 90% year-to-date.
Following closely is Argan Inc (AGX), with a 25.0% dividend hike. Argan has delivered outstanding returns for investors this year, boasting a year-to-date gain of over 200%. Meanwhile, Paccar Inc (PCAR), a key player in the industrial sector, already raised its dividend by 22.2%, supported by consistent performance and a strong cash flow outlook. On top of this a $3.00 special dividend was announced last week.
A total of 8 US Companies announced a special dividend last week, including Paccar, Landstar and Progressive Corp. Also six Dividend Heroes announced a big dividend hike, including Broadcom. One company initiated a dividend!
Also noteworthy is REV Group (REVG), which increased its dividend by 20.0%. The company’s stock has surged over 130% year-to-date, driven by solid financial results and investor optimism. Last but not least: Realty Income announced its fifth dividend hike for 2025 with a small 0.2% hike. The total dividend growth is 2.9% for the monthly dividend paying Aristocrat.
Other companies making the top 10 include:
Zoetis Inc (ZTS): A 15.7% hike, maintaining a steady yield while navigating market challenges.
Eli Lilly and Co (LLY): Announcing a 15.4% increase, fueled by continued success in its pharmaceutical innovations.
Redwood Trust (RWT): A 12.5% dividend hike, coupled with a robust yield of over 10%.
Broadcom Inc (AVGO): Raising its dividend for a second time in 2024 for a total increase of 12.4%, supported by strong AI-driven growth and record cash flow.
Balchem Corp (BCPC): Delivering a 10.1% increase, maintaining its reputation for steady dividend growth.
CenterPoint Energy Inc (CNP): Rounding out the top 10 with a 10.0% dividend hike, providing reliable payouts in the energy sector.
These substantial increases reflect confidence from management teams in their companies' financial health and future growth.
For paying subscribers, we will provide the full breakdown of 40 dividend actions—including additional hikes, special dividends, and in-depth insights—later in the article.
A total of 8 companies declared a special dividend: Paccar ($2.00), REV Group ($3.00), Landstar System ($2.00), Old Republic International ($2.00), Farmland Partners ($1.15), Buckle ($2.50), DiamondRock Hospitality ($0.20) and Progressive Corp ($4.50).
The Dividend Heroes announcing dividend hikes or a special dividend are Zoetis (ZTS), Eli Lilly (LLY), Broadcom (AVGO), Balchem (BCPC), Landstar System (LSTR) and Abbott Laboratories (ABT).
The table above shows you the 25 biggest dividend hikes from week 50. If you have any questions or requests for additional informatie or data please let us know in the comments!
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.