Happy Monday,
It’s Zach here with another weekly investing update for you!
Dozens of major companies have announced their dividend increases for early 2026. But as dividend investors, we know not all raises are created equal. We've seen massive 20% hikes from some companies, while other popular dividend growth stocks barely managed a 1.3% bump.
Here is the secret to dividend investing: dividend payments are downstream of business performance. If a company's earnings and free cash flow are plateauing, their capacity to grow the dividend will, too.
Topics Covered:
The Biggest Dividend Raises of 2026 (So Far)
New Dividend Raises (After this video)
The Key Story
The Biggest Dividend Raises of 2026 (So Far)
Watch here: https://youtu.be/IZ4x2MpzpV8
Dozens of major companies have announced their dividend raises for early 2026. But as dividend investors know, not all raises are created equal. Dividend payments are downstream of business performance.
Here are six of the biggest announcements, the stats behind them, and my verdict on what it means going forward.
Domino's Pizza (DPZ)
The Raise: 14.4%
The Stat: The forward-looking P/E ratio is historically low at around 20.
My Verdict: DPZ has become a highly reliable dividend growth stock, raising its payout every single year since 2013. Business growth is directly powering this dividend, keeping the free cash flow payout ratio at a healthy 35%. It looks decently attractive right now, especially if you want to diversify away from tech stocks.
Walmart (WMT)
The Raise: 5.3% (plus a $30 billion stock buyback program).
The Stat: The stock is up 171% over the past 3 years, pushing its P/E ratio into the 40s.
My Verdict: This raise was actually a bit conservative compared to their recent double-digit hikes. Walmart is trading at a premium multiple today because higher-margin segments like digital ads and memberships are growing. It’s not super overvalued given this shift in fundamentals, but it's also not a buying opportunity right now.
Coca-Cola (KO)
The Raise: 3.9%
The Stat: The net income payout ratio sits at a sustainable 66%.
My Verdict: KO's free cash flow payout ratio recently looked terrifying (over 165%) due to one-time GAAP accounting hits like an IRS settlement and the Fairlife acquisition. The payout is completely safe and should return to normal, but KO is trading at a premium for low earnings growth. Don't expect massive raises here.
Comfort Systems USA (FIX)
The Raise: 16.7%
The Stat: Quarterly earnings per share have more than tripled in just two years.
My Verdict: FIX is making a killing by providing HVAC and piping for the massive AI data center boom. The dividend yield is incredibly low (0.21%), but the dividend growth is explosive because the underlying fundamentals are exploding. If you missed the 900% stock run over the last 3 years, keep this on your watch list.
Dell (DELL)
The Raise: 20%
The Stat: 59% of their overall revenue in the latest quarter ($19.6 billion) comes from their infrastructure segment, not consumer PCs.
My Verdict: Dell is no longer the dinosaur laptop company you see at Best Buy. They are a massive supplier of critical compute infrastructure for AI data centers. This massive 20% raise is a huge signal of confidence from Michael Dell about their future earning power.
Home Depot (HD)
The Raise: 1.3%
The Stat: The company is sitting on an all-time high of $72 billion in net debt.
My Verdict: Dividend growth is slowing to a crawl because earnings have plateaued and they halted their aggressive share repurchases. While the payout is technically sustainable, don't expect a return to the double-digit raises of the past decade anytime soon.
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Dividend News
🚀 Dividend Raises This Week
MU - Micron Technology raises dividend by 30.4% to $0.15
SIG - Signet raises dividend by 9.4% to $0.35
EQR - Equity Residential raises dividend by 1.4% to $0.7025
UDR - UDR raises dividend by 1% to $0.435
TNET - TriNet raises dividend by 5.5% to $0.29
WSM - Williams-Sonoma raises dividend by 15.2% to $0.76
ESLT - Elbit Systems raises dividend by 33.3% to $1.00
QCOM - Qualcomm raises dividend by 3.4% to $0.92, authorizes $20B stock buyback plan
IVT - InvenTrust Properties raises quarterly dividend by 5.2% to $0.25/share
How did you like today’s newsletter?
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📅 Keep Investing. Stay informed.
– Zach
Founder, Dividend Data
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Disclaimer: Dividend Dividend (Dividend Data LLC) is not a professional financial service. All materials released from Dividend Data (Dividend Data LLC) are for educational and entertainment purposes. Dividend Data (Dividend Data LLC) is not a replacement for a professional's opinion. Contributors to the Dividend Data (Dividend Data LLC) might have equities mentioned in the newsletter