December 2025 ended the year with a broad set of dividend increases across payments, waste services, water infrastructure, banking, semiconductors, and specialty manufacturing. These companies aren’t raising dividends opportunistically—they’re signaling durability in cash flows heading into 2026.

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Below are the Top Dividend Increases for December 2025, ranked by percentage increase.

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10. AG Mortgage Investment Trust, Inc. (MITT) — Dividend Increase: 9.5%

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AG Mortgage Investment Trust is a residential mortgage REIT focused on credit-sensitive mortgage assets rather than agency-backed securities.
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The company announced a 9.5% increase to its quarterly common dividend, raising the payout to $0.23 per share. The increase reflects improved portfolio performance and stabilized income as spreads normalize in the mortgage market.

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Share Price: $9.19
Dividend Yield: 9.23%

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9. Broadcom Inc. (AVGO) — Dividend Increase: 10%

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Broadcom is one of the most cash-generative semiconductor and infrastructure software companies in the world, supplying critical components to data centers, networking, and enterprise systems.
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Its board approved a 10% increase to the quarterly dividend, lifting the payout to $0.65 per share. The raise highlights Broadcom’s ability to convert scale and pricing power into sustained shareholder returns.

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Share Price: 347.75
Dividend Yield: 0.76%

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8. Balchem Corporation (BCPC) — Dividend Increase: 10.3%

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Balchem produces specialty chemicals and nutritional ingredients used in food, animal health, and pharmaceutical applications.
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The company announced a 10.3% increase to its annual dividend, extending its long-running dividend growth streak. Stable end-market demand and disciplined cost control continue to support predictable cash flows.

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Share Price: $166
Dividend Yield: 0.58%

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7. Ecolab Inc. (ECL) — Dividend Increase: 12%

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Ecolab provides water, hygiene, and sanitation solutions to industrial, hospitality, and healthcare customers worldwide.
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The company increased its quarterly cash dividend by 12%, signaling confidence in margin recovery and recurring revenue strength tied to long-term water efficiency and sustainability trends.

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Share Price: $276
Dividend Yield: 1.05%

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6. ServisFirst Bancshares, Inc. (SFBS) — Dividend Increase: 13.4%

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ServisFirst Bancshares operates a relationship-driven regional banking model focused on commercial clients across the Southeastern U.S.
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The bank raised its quarterly dividend by 13.4%, reflecting strong earnings visibility, conservative credit underwriting, and excess capital generation.

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Share Price: $78
Dividend Yield: 1.94%

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5. Oil-Dri Corporation of America (ODC) — Dividend Increase: 14%

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Oil-Dri manufactures absorbent materials used in pet care, agricultural, industrial, and consumer products.
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The company declared a quarterly dividend increase of 2.5 cents per share, representing a 14% increase. Its diversified product mix and pricing discipline continue to support steady dividend growth.

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Share Price: $55
Dividend Yield: 1.52%

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4. Mastercard Incorporated (MA) — Dividend Increase: 14%

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Mastercard operates one of the largest global payment networks, facilitating digital transactions across more than two hundred countries.
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The company announced a 14% dividend increase, raising the quarterly payout to $0.87 per share. High margins, global transaction growth, and strong free cash flow remain central to its capital return strategy.

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Share Price: $543
Dividend Yield: 0.64%

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3. Waste Management, Inc. (WM) — Dividend Increase: 14.5%

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Waste Management is the largest waste collection and disposal company in North America, operating essential infrastructure with regulated pricing power.
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The company announced a planned 14.5% dividend increase alongside a $3 billion share repurchase authorization, reinforcing its position as a defensive cash-flow compounder.

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Share Price: $220
Dividend Yield: 1.50%

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What is an increase in dividends?

An increase in dividends occurs when a company raises the cash payment it distributes to shareholders, usually on a quarterly basis. Dividend increases signal confidence in cash flow, earnings stability, and long-term financial health. Companies that consistently raise dividends tend to have disciplined capital allocation and predictable business models.

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How much will dividend tax increase?

A dividend increase does not automatically change your tax rate. Taxes apply to the amount received, not the percentage increase itself.

• Qualified dividends are typically taxed at 0%, 15%, or 20%, depending on income.
  
  
• Ordinary (non-qualified) dividends are taxed at regular income tax rates.
  
  

If your dividend payment increases, your total tax owed may rise proportionally—but the tax rate stays the same unless your income crosses a higher bracket.

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Do dividend increases protect against inflation?

Dividend increases can help offset inflation, especially when dividend growth outpaces rising consumer prices. Companies that regularly raise dividends often have pricing power, recurring revenue, or cost pass-through ability. While dividends don’t guarantee inflation protection, consistent dividend growth helps preserve purchasing power over time.

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What does it mean when dividend yield increases?

Dividend yield increases when:

1. The company raises its dividend, or
   
   
2. The stock price declines while the dividend stays the same
   
   

A rising yield from a dividend increase is generally positive. A rising yield caused by a falling stock price may indicate underlying business or market concerns. Context matters.

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Is an increase in dividend yield good or bad?

It depends on why the yield increased.

• Good: Yield rises because the company increased its dividend while fundamentals remain strong.
  
  
• Risky: Yield rises because the stock price fell due to deteriorating earnings or balance-sheet stress.
  
  

Healthy dividend yield increases are typically supported by earnings growth and free cash flow—not financial strain.

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What is the 25% dividend rule?

The 25% dividend rule refers to a common income-investor guideline: a dividend increase of 25% or more often signals a meaningful shift in a company’s payout policy or confidence in future cash flows. Large increases are less frequent and tend to attract investor attention, sometimes leading to short-term stock price gains.