These 5 Dividend Stocks Raised Their Payouts. Are They Worth Buying in November?
Five companies—Philip Morris (PM), Prudential (PRU), Duke Energy (DUK), Southern Company (SO), and T. Rowe Price (TROW)—raised their quarterly dividends in 2026. PM increased to $1.60 per share, PRU to $1.40, DUK to $1.085, SO to $0.76, and TROW to $1.30. DUK and SO go ex-dividend in mid-November. Each company has a history of consistent dividend growth and varying yield rates.
How this was made
The 30-second read
Why it matters
Dividend increases provide fresh income data that may influence fund allocations and short‑term price action around ex‑dividend dates.
Market read
Income‑focused investors may rebalance toward these higher‑yield stocks ahead of their ex‑dividend dates, potentially creating modest price moves.
What to watch
Potential impact of rising interest rates on dividend appeal and the companies' exposure to regulatory or commodity cost changes.
Background
The article reviews five U.S. dividend‑paying companies that raised their quarterly payouts in 2026, highlighting yield, payout ratios, and upcoming ex‑dividend dates.
Ticker impact
Philip Morris International announced a quarterly dividend increase to $1.60 per share, raising annual payout to $6.40.
potential modest pressure as higher payout may lower share price
Higher dividend improves yield attractiveness but consumes cash, possibly limiting upside.
Prudential Financial raised its quarterly dividend to $1.40, yielding about 4.8% forward.
likely slight upward bias from income demand, offset by regional risk
Yield increase may draw investors, but sales weakness in Japan could temper gains.
Duke Energy declared a quarterly dividend of $1.085 with ex‑dividend date Nov 13.
moderate upside as income investors add to the stock
Steady earnings and growth projects make the higher payout sustainable.
Southern Company increased its quarterly dividend to $0.76, ex‑dividend on Nov 16.
potential modest upside from dividend‑seeking buyers
Consistent dividend growth and stable utility earnings support price support.
T. Rowe Price Group raised its quarterly dividend to $1.30, yielding about 4.9% forward.
mixed pressure; dividend draw vs. net outflows
Yield boost may attract investors, but recent large outflows could limit upside.
Market effects
Higher dividend payouts may improve the attractiveness of dividend‑focused funds and utilities sector.
U.S. income‑focused investors may shift allocations toward these stocks ahead of ex‑dividend dates.
Limited; primarily impacts U.S. dividend‑seeking investors.
Counterpoint
Investors could avoid these stocks if higher payouts signal cash strain or if sector rotation favors growth over income.
Key entities
- CompanyPhilip Morris International
Tobacco company raising dividend to $6.40 annual.
- CompanyPrudential Financial
Insurance and asset‑manager raising dividend to $5.60 annual.
- CompanyDuke Energy
Utility raising dividend to $1.085 quarterly.
- CompanySouthern Company
Utility raising dividend to $0.76 quarterly.
- CompanyT. Rowe Price Group
Asset manager raising dividend to $1.30 quarterly.
