Expected Dividend Increases for October 2026

As I'm writing this blog post, it's currently Monday, September 14th, 2026. The temperature here in Central Wisconsin is set to reach a high of just 66 degrees Fahrenheit with a rainy forecast. Needless to say, I probably won't be going outside today.

With that aside, I'll be looking at the dividend announcements in September 2026 thus far. I will also be looking ahead to the payout raises that I'm anticipating for October 2026. Let's dig into it!

Actual Dividend Increases for September 2026

Dividend Increase #1: Realty Income (O)

Realty Income announced a 0.2% increase in its monthly dividend per share to $0.2715. This fell short of my expectation for a 1.5% raise in its monthly dividend per share to $0.2750 outlined in this series' previous blog post. Still, I do expect the customary big raise to be announced at some point this year, along with the several smaller raises.

Across my 153 shares of O, my net annual forward dividends edged $0.918 higher due to this dividend announcement.

Dividend Increase #2: U.S. Bancorp (USB)

U.S. Bancorp declared a 3.9% raise in its quarterly dividend per share to $0.54. My net annual forward dividends grew by $2.08 across my 26 shares from this dividend declaration.

Dividend Increase #3: VICI Properties (VICI)

VICI Properties announced a 2.2% increase in its quarterly dividend per share to $0.46. This was below my forecast of a 3.9% raise to $0.4675.

Across my 180 shares of VICI, my net annual forward dividends surged $7.20 higher due to this dividend announcement.

Pending Dividend Increase #1: Accenture plc (ACN)

Accenture plc has yet to declare a hike in its payout. Still, I believe that ACN will boost the quarterly dividend per share by 9.8% to $1.79.

My net annual forward dividends would rise by $17.92 across my 28 shares of ACN from such a dividend declaration.

Pending Dividend Increase #2: Microsoft (MSFT)

Microsoft hasn't yet announced its next dividend, either. However, I remain confident that it will raise the payout by 9.9% to $1.00.

Across my 26 shares of MSFT, my net annual forward dividends would surge higher by $9.36 due to such a dividend announcement.

Pending Dividend Increase #3: Philip Morris International (PM)

Philip Morris International has yet to declare its next dividend. I'm sticking with my expectation of an 8.2% raise in the quarterly dividend per share to $1.59.

My net annual forward dividends would rise by $8.64 across my 18 shares of PM from such a dividend declaration.

Expected Dividend Increases for October 2026

Expected Dividend Increase #1: AbbVie (ABBV)

The first dividend raise that I'm anticipating for October 2026 will come from AbbVie. I believe that ABBV will announce a 5.2% lift in its quarterly dividend per share to $1.82.

Across my 14 shares of ABBV, my net annual forward dividends would rise by $5.04 due to such a dividend announcement.

Expected Dividend Increase #2: Agree Realty (ADC)

The next dividend increase that I'm expecting for next month will be from Agree Realty. My guess is that it will declare a 1.9% increase in its monthly dividend per share to $0.272.

My net annual forward dividends would edge $1.20 higher across my 20 shares of ADC from such a dividend declaration.

Expected Dividend Increase #3: American Electric Power (AEP)

The third dividend raise that I'm predicting for October 2026 will come from American Electric Power. My best guess is that AEP will announce a 2.1% increase in its quarterly dividend per share to $0.97.

Across my 15 shares of AEP, my net annual forward dividends would inch up by $1.20 due to such a dividend announcement.

Expected Dividend Increase #4: A.O. Smith (AOS)

The next dividend increase that I'm anticipating for next month will be from A.O. Smith. I believe that AOS will declare a 5.6% raise in its quarterly dividend per share to $0.38.

My net annual forward dividends would increase by $0.96 across my 12 shares of AOS from such a dividend declaration.

Expected Distribution Increase #5: Energy Transfer (ET)

The next distribution bump that I'm expecting for October 2026 will come from Energy Transfer. My guess is that ET will announce a 0.7% increase in its quarterly distribution per unit to $0.3425.

Across my 207 units of ET, my net annual forward distributions would rise by $2.07 due to such a dividend announcement.

Expected Dividend Increase #6: Lockheed Martin (LMT)

The next dividend raise that I'm predicting for next month will be from Lockheed Martin. My best guess is that LMT will declare a 5.2% increase in its quarterly dividend per share to $3.63.

My net annual forward dividends would grow by $2.88 across my four shares of LMT from such a dividend declaration.

Expected Dividend Increase #7: McDonald's (MCD)

The seventh dividend hike that I'm anticipating for October 2026 will come from McDonald's. I believe that MCD will announce a 5.9% raise in its quarterly dividend per share to $1.97.

Across my nine shares of MCD, my net annual forward dividends would rise by $3.96 due to such a dividend announcement.

Expected Distribution Increase #8: MPLX LP (MPLX)

The next distribution boost that I'm expecting for next month will be from MPLX LP. My guess is that MPLX will declare a 12% lift in its quarterly distribution per unit to $1.206.

My net annual forward distributions would climb higher by $36.26 across my 70 shares of MPLX from such a distribution declaration.

Expected Dividend Increase #9: Visa (V)

The ninth dividend raise that I'm predicting for October 2026 will come from Visa. My best guess is that V will announce a 13.4% hike in its quarterly dividend per share to $0.76.

Across my 12 shares of V, my net annual forward dividends would surge $4.32 due to such a dividend announcement.

Concluding Thoughts:

If my remaining three raises materialize, my net annual forward dividends would jump by $46.118 in September 2026. That would equate to investing $1,537.27 at a 3% net dividend yield.

If my nine raises for October 2026 play out as anticipated, my net annual forward dividends would soar by $57.89. This would be equivalent to investing $1,929.67 at a 3% net dividend yield.

Discussion:

How has your September 2026 been for dividend boosts?

Have you received any first-time dividend hikes like I expect with ACN?

I appreciate your readership and welcome your comments below!