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July 2025 delivered a mix of double-digit dividend hikes from companies across sectors, signaling strong earnings, healthy balance sheets, and management confidence heading into the second half of the year. This month’s list spotlights the top 10 companies that raised their dividends by the largest percentage.
Below are the Top 10 Dividend Increases for July 2025, ranked from #10 to #1, followed by other notable companies that also boosted their dividends this month.
10. R | Ryder System, Inc. – Dividend Increase: 12%
Ryder is a leader in fleet management, supply chain solutions, and dedicated transportation services. The company has been expanding its electric vehicle fleet and last-mile delivery services, capitalizing on e-commerce growth. The 12% dividend boost from $0.81 to $0.91 per share highlights Ryder’s strong free cash flow generation, driven by high demand for logistics services in both retail and industrial sectors.
Share Price: $177
Dividend Yield: 1.84%
9. CFBK | CF Bankshares Inc. – Dividend Increase: 14%
CF Bankshares Inc., parent of CFBank, NA, is a regional bank providing commercial, retail, and mortgage banking services. With its footprint in Ohio and a growing loan portfolio, CF Bankshares has benefited from steady net interest income and prudent expense management. The 14% dividend hike comes alongside the company’s addition to the Russell 3000® Index in 2025 a move that could attract new institutional investors. The higher payout reflects both strong capital reserves and management’s focus on long-term shareholder value.
Share Price: $24
Dividend Yield: 1.22%
8. NTB | The Bank of N.T. Butterfield & Son Limited – Dividend Increase: 14%
The Bank of N.T. Butterfield & Son Limited Headquartered in Bermuda, Butterfield Bank operates across Bermuda, the Cayman Islands, The Bahamas, and other financial hubs. Known for its wealth management, trust, and banking services, NTB has enjoyed steady growth from high-net-worth clients and stable fee income. The 14% dividend boost to $0.50 per share signals strong profitability and an ability to return more capital while maintaining healthy capital adequacy ratios.
Share Price: $45
Dividend Yield: 3.93%
7. MCK | McKesson Corporation – Dividend Increase: 15%
McKesson is one of the world’s largest pharmaceutical distributors, supplying more than a third of all prescription medicines in North America. The company has leveraged its scale to negotiate favorable supply contracts, expand specialty drug distribution, and grow its healthcare technology segment. The 15% dividend hike to $0.82 per share reflects strong cash flow from operations and a resilient demand profile, even in fluctuating economic conditions.
Share Price: $667
Dividend Yield: 0.43%
6. MTG | MGIC Investment Corporation – Dividend Increase: 15%
MGIC Investment Corporation is a leading provider of private mortgage insurance in the U.S., helping lenders reduce risk when originating home loans with lower down payments. Low default rates, steady housing demand, and disciplined underwriting have kept MGIC’s loss ratios low. The dividend increase from $0.13 to $0.15 per share underscores the company’s confidence in its claims performance and profitability.
Share Price: $27
Dividend Yield: 1.97%
5. CTAS | Cintas Corporation – Dividend Increase: 15.4%
Cintas is best known for supplying corporate uniforms, but its revenue streams extend to facility services, first aid and safety supplies, and cleaning products. Serving over a million businesses across North America, Cintas has capitalized on recurring revenue contracts and a broad client base. The 15.4% dividend increase reflects robust earnings growth and the company’s commitment to its long-running streak of annual dividend hikes—over four decades strong.
Share Price: $225
Dividend Yield: 0.70%
4. HWM | Howmet Aerospace Inc. – Dividend Increase: 20%
Howmet Aerospace designs and manufactures advanced engineered components for the aerospace and transportation industries, including jet engine parts, fastening systems, and structural components. With global air travel recovering and defense spending rising, Howmet has seen demand rebound strongly. The 20% dividend increase to $0.12 per share is backed by rising revenues and healthy margins in both commercial and military aerospace segments.
Share Price: $180
Dividend Yield: 0.20%
3. RRBI | Red River Bancshares, Inc. – Dividend Increase: 25%
Red River Bancshares, Inc. operates community banking branches focused on commercial lending, mortgage services, and personal banking. The 25% dividend hike is fueled by a combination of stable net interest margins, strong asset quality, and capital levels well above regulatory requirements. Red River’s consistent profitability makes it one of the standout regional banks in terms of shareholder returns.
Share Price: $61
Dividend Yield: 0.69%
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Many of these dividend increases fly under the radar—especially from small and mid-cap companies. LevelFields AI provides real-time alerts for dividend hikes across the market, ensuring you never miss a payout boost.
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Hundreds of publicly traded companies have already declared or raised dividends in 2025. Notable names include Delta Air Lines (DAL), Casey’s (CASY), and W. R. Berkley (WRB). Tools like LevelFields AI can alert you the moment new dividend announcements are made.
There’s no way to know, but long-term dividend investors often look to:
These companies are known for stable earnings, strong brands, and long dividend growth streaks.
While no prediction is certain, analysts are watching tech infrastructure and energy transition stocks closely. Companies like Nvidia (NVDA), NextEra Energy (NEE), and Broadcom (AVGO) have shown long-term growth potential backed by secular trends.
Over the past decade, Altria Group (MO) has consistently offered one of the highest dividend yields among S&P 500 stocks, often exceeding 7–8%. However, high yield doesn’t always mean high total return—investors should evaluate total performance including stock appreciation.
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