Dividend Increases in November 2026: Who Raised & By How Much

Every raise below is real: the first payment at a higher regular rate than the one before it, from actual payment records. Variable monthly distributions don’t count, because a payout that moves every month isn’t a raise.

How Big Were November’s Dividend Raises?

Biggest Dividend Raisers in November 2026

Biggest raises among $2B+ companies

Among companies worth $2B or more, MWA (Mueller Water Products, Inc.) raised the most: +14.3%, from $0.07 to $0.08 a share per payment.

Longest raise streaks among November’s raisers

WST (West Pharmaceutical Services, Inc.) has the longest run among November’s raisers: 34 years of raises in a row, and this one extends it.

Why a Dividend Raise Matters

A raise is the board telling you the dividend is safe enough to grow. Boards hate cutting a dividend, so most only raise what they expect to keep paying through a bad year.

For a holder, a raise means more cash per share without buying or selling anything. November’s median raise is +9.09%. On a stock paying $1.00 a share each quarter, that is about 9 cents more per share every quarter, for as long as the new rate holds. If you DRIP, each bigger payment buys a little more stock than the last one, so your share count grows faster too.

A Raise Grows Your Income Without New Money

This is the part of dividend investing the crowd calls the snowball. Say you hold $10,000 of a stock yielding 3%: it pays about $300 a year. If the company raises its dividend 9.1% a year (November’s median raise), the same shares pay about $716 a year after ten years, with no new money and nothing sold.

DRIP makes the snowball roll faster. When every payment buys new DRIP shares, each raise lands on a bigger share count than the last one. With the same raises and a steady 3% yield, reinvesting takes that $300 to about $962 a year after ten years. Run it on a real ticker with its own price and payout history in the DRIP calculator.

Do November’s Dividend Raises Beat Inflation?

A raise only grows what your income can buy if it beats inflation. Using 3% a year as the yardstick, 30 of November’s 41 raises (73%) cleared it, and 7 came in under 2%.

A raise below inflation still adds dollars, but those dollars buy a little less each year. That is why dividend-growth holders watch the size of raises, not only the streak: a company raising 1% a year for a decade kept its streak alive while its holders’ real income shrank. To plan around raises of your own, the Dividend Income Calculator lets you set a yearly raise and see the year your dividends hit your income target.

How to Read a Raise Streak Honestly

The streak on each card counts the calendar years in a row in which a company paid more in total than the year before, read from actual payment records. We look back up to ten full years, so 10+ means at least ten. Dividend Kings and Aristocrats show their full streak from those lists instead. 13 of November’s 41 raisers are at 10+.

A streak is a record of past board decisions, not a promise about the next one. The years that test it are the bad ones, which is why holders look for the companies that kept raising even through 2020. For streaks of 25 and 50 years, see the Dividend Aristocrats and the Dividend Kings.

Before leaning on a streak, check two things: how big the raises have been (a long run of 1% raises is often a company keeping the count alive) and coverage, meaning whether earnings and free cash flow still pay for the dividend with room to spare.

What This List Leaves Out, and Why

Covered-call ETFs and other funds with a floating payout are left out. Their distribution changes most months by design, so a bigger month says nothing about the next one, and calling it a raise would mislead you. Option-income ETFs are left out by name, and so is any fund whose payout changed in 4 or more of its last 12 payments.

Also left out: special dividends (one-time extras), a company’s first payment after a pause, payers that changed their schedule, and any pair of payments with a stock split in between. A reverse split makes the per-share payout jump while nobody gets paid more, so pairs where the price and the payout jumped together are skipped too. Semiannual payers are compared with the same payment a year earlier, because many pay a small interim dividend and a larger final one, and a final that only beats the interim is not a raise. A very large change resting on a single record that hasn’t gone ex-dividend yet waits for that date or a second payment, because a one-off data error looks exactly like that. What’s left is a regular, repeating rate going up. For the other side of the ledger, see the latest dividend cuts.

Questions About Dividend Raises

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How this list is built: a raise = the first payment at a higher rate than the previous one (semiannual payers: above the same payment a year earlier), with the same payout frequency, normal gaps between payments, the old rate held across prior payments (so covered-call ETFs’ variable distributions are excluded), and checks against stock splits — recorded ones, and pairs where price and payout jumped together. Option-income ETFs are excluded by name, and funds whose payout changed in 4+ of their last 12 payments are excluded too. A change of 80% or more on a single not-yet-paid record waits for its ex-date or a second payment. Rates are per share, as paid; yield = new rate × payouts per year ÷ last close. This is data, not investment advice.