Largest Dividend Increases for February 2025
Dividends
April 10, 2025
Table of Contents
February 2025 saw several companies reward shareholders with significant dividend increases. Many of these hikes signal strong earnings, healthy balance sheets, and management confidence in the future. This month's list focuses on companies that raised their dividends by more than 10%.
Below are the Top 10 Dividend Increases for February 2025, ranked from #10 to #1, followed by other notable companies that also boosted their dividends this month.
A dividend increase occurs when a company raises the amount of money it pays to shareholders per share of stock. Dividends are a portion of a company’s earnings distributed to shareholders as a reward for their investment. Companies typically issue dividends on a regular basis—quarterly, semi-annually, or annually—and occasionally they decide to increase the payout. Dividend increases are typically, but not always, announced during earnings reports or within a company’s 10Q filing.
Companies usually raise dividends to signal financial strength, consistent profitability, and confidence in future earnings. This often reflects a stable or growing cash flow, allowing them to reward shareholders with a higher yield on their investment. Dividend increases can also attract new investors, as rising dividends may indicate a well-managed company with a solid business model.
In accounting terms, an increase in dividends is recorded as a debit to retained earnings, reflecting the reduction in the company's retained profits allocated to shareholders. In short, increases in dividends accounts are debits; decreases are credits.
The dividend amount is the actual dollar value a company pays shareholders for each share they own—usually listed on a per share basis. For example, if a company pays $0.50 per quarter, that’s the dividend amount.
The dividend yield shows how much income you’re earning from that dividend compared to the stock’s price. It’s calculated using this formula:
Dividend Yield = (Annual Dividend Amount ÷ Share Price) × 100
So if a stock pays $2 per year in dividends and trades at $40 per share, the dividend yield is 5%. This helps investors compare income potential across different stocks.
High dividend yields can be attractive, but it’s important to make sure the payouts are sustainable.
News outlets like CNBC or MarketWatch will make note of the dividend increases for large companies during earnings announcements, but dividend increases by midcap stocks and smallcap stocks are largely underreported. Tools like LevelFields AI can be extremely helpful for locating dividend increases, such as those reported by LevelFields below.
Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The company specializes in manufacturing high-performance components, including jet engine parts and fastening systems. Howmet Aerospace increased its quarterly dividend by 25%, reflecting its solid cash flow and continued demand for its innovative products.
Share Price: $136
Dividend Yield: 0.31%
goeasy Ltd. is a Canadian alternative financial services company providing non-prime leasing and lending solutions. The company has steadily grown its customer base and earnings, which has supported consistent dividend increases. goeasy announced a 25% dividend hike, raising its annual dividend to $5.84 per share, up from $4.68.
Share Price: $102
Dividend Yield: 2.81%
Mueller Industries, Inc. is a leading manufacturer of copper, brass, aluminum, and plastic products used in building construction, industrial, and energy markets. The company’s strong balance sheet and consistent profitability have enabled it to increase its quarterly dividend by 25% to $0.30 per share.
Share Price: $79.47
Dividend Yield: 1.00%
Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is a global leader in technology-based equipment, systems, and services for the freight and transit rail industries. The company announced a 25% increase in its quarterly dividend as part of its ongoing strategy to return capital to shareholders, alongside a $1 billion share repurchase program.
Share Price: $188
Dividend Yield: 0.54%
Red River Bancshares, Inc. is a Louisiana-based community bank offering banking products and services to commercial and retail customers. The company declared a 33% increase in its quarterly cash dividend, raising it from $0.09 to $0.12 per share, supported by solid earnings and strong capital levels.
Share Price: $52
Dividend Yield: 0.94%
Aris Water Solutions, Inc. is an environmental infrastructure and solutions company focused on providing sustainable water management services in the energy sector. The company raised its quarterly dividend by 33%, reflecting its commitment to shareholder returns and growing profitability from its water recycling and reuse operations.
Share Price: $32
Dividend Yield: 1.76%
Royal Caribbean Group is one of the world’s largest cruise companies, operating several renowned cruise brands. As part of its post-pandemic recovery and rebound in profitability, the company increased its quarterly dividend by 36%, supported by strong booking trends and improved financial health. Additionally, Royal Caribbean announced a $1 billion share buyback authorization.
Share Price: $225
Dividend Yield: 1.05%
3. LUGDF | Lundin Gold Inc. – Dividend Increase: 50%
Lundin Gold Inc. is a Canadian mining company focused on the Fruta del Norte gold mine in Ecuador. Benefiting from strong gold production and favorable commodity prices, Lundin Gold announced a 50% increase to its quarterly dividend. The company continues to prioritize shareholder returns alongside operational efficiency.
Share Price: $30
Dividend Yield: 2.57%
February 2025 showcased strong dividend momentum across various industries. From energy and financial services to real estate and technology, these notable dividend increases offer investors a chance to tap into reliable and growing income streams.
When it comes to finding companies that consistently raise their dividends, traditional research methods can be time-consuming and frustrating. That’s where LevelFields shines. With our powerful event-driven intelligence platform, you can instantly see which companies are increasing their payouts—no more endless scanning of financial news or piecing together scattered data.
Why LevelFields Stands Out for Dividend Tracking
If you’re serious about building a portfolio that capitalizes on dependable, growing income streams, LevelFields is the tool you’ve been waiting for. Start using it today to take the guesswork out of dividend investing and focus on what really matters: making informed decisions and growing your returns.
When a company increases dividends, it’s raising the amount of money it pays out to shareholders per share. This can happen when the company’s profits and cash flow are strong, enabling it to reward investors with a larger payout. Dividend increases are often seen as a sign of a company’s financial health and long-term stability.
To generate $1,000 a month (or $12,000 annually) in dividends, you’ll need to consider the dividend yield of your portfolio. For example, if your portfolio’s average yield is 4%, you would need to invest $300,000. At a 5% yield, you’d need $240,000. The higher the yield, the less capital required, but higher yields often come with more risk.
A rising dividend yield can be positive, as it shows leadership is so optimistic about cash flows they can literally give away money. However, a yield increase due to a falling stock price can be a bad sign. Looking at the reason behind the higher yield is critical as a yield increase due to financial distress is not.
You buy a stock for $100/share. That company pays you a dividend yield of 5%. This means every year the company will pay you $5 just to own the stock, in 4 quarterly payments. If you bought 1,000 shares for $100,000, you’d be earning $5,000 per year in passive income.
Earning $5,000 a month in dividends (or $60,000 annually) depends on your portfolio’s dividend yield. At a 4% yield, you’d need $1.5 million invested. At a 5% yield, you’d need $1.2 million. As with any income strategy, diversification and stability of the underlying companies are key.
Dividends aren’t exactly “free money.” They represent the return on your investment in the company based on your ownership of that company’s profits.
High-yielding stocks can be found in industries like real estate investment trusts (REITs), utilities, and energy. However, the highest-yielding stocks are not always the best choice as abnormally high yields may signal underlying issues that have caused the share price to drop substantially. In these cases, the company is likely to cut the dividend yield to save money.
In many countries, dividends are considered taxable income. The tax rate depends on factors such as the dividend type (qualified or ordinary) and your tax bracket. In some cases, tax-advantaged accounts like IRAs or 401(k)s can help defer or eliminate dividend taxes.What Is the Downside to Dividend Stocks?Dividend-paying stocks may offer steady income, but they aren’t risk-free. Companies can reduce or eliminate dividends during tough economic times, causing stock prices to fall. Additionally, focusing only on dividends may limit exposure to high-growth companies that reinvest earnings rather than paying them out.
The amount of tax-free dividend income depends on local tax laws. In some jurisdictions, qualified dividends or dividends held within tax-advantaged accounts may not be taxed at all. In other cases, dividends up to a certain threshold are taxed at a reduced rate or not taxed.Are Dividends Paid Out Monthly?While many companies pay dividends quarterly, some pay monthly. Monthly dividend stocks can be attractive for investors seeking consistent cash flow, but the frequency of payment doesn’t necessarily indicate the quality of the dividend. Some ETFs, like BITO, pay a monthly dividend.
To minimize or avoid taxes on dividends, you might consider holding dividend-paying stocks in tax-advantaged accounts (like IRAs in the U.S.), investing in tax-free municipal bond funds, or focusing on qualified dividends, which often have lower tax rates than ordinary income.
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