Weekly Dividend Increases: INTU, LRCX, MO Lead August 22-28

Overview of Dividend Increases

During the week of August 22-28, 2026, nine dividend-paying stocks announced increases in their quarterly payouts. Among them, three companies stood out: Intuit (INTU), Lam Research (LRCX), and Altria Group (MO). These announcements were tracked across a universe of over 1,200 dividend-paying stocks.

Notable Raises

Intuit, the financial software company, declared a 15% increase in its dividend, raising the quarterly payout to $0.90 per share. The company's payout ratio remains low, and its dividend growth rate is projected at 16.16% going forward. However, fair value estimates from analysts vary, suggesting the stock may be fairly valued or slightly overvalued depending on the model used.

Lam Research, a semiconductor equipment maker, delivered the largest percentage increase among the group, with a 26.92% hike, bringing its quarterly dividend to $2.00 per share. Despite this robust increase, the stock's yield is minimal at 0.44%, and its valuation appears stretched relative to historical norms. Lam Research also boasts the highest quality score among the nine companies.

Altria Group, the tobacco giant, increased its dividend by 4.3% to $0.98 per share, extending its streak of consecutive annual increases to 57 years. The stock offers a high yield of 6.47%, but its payout ratio is elevated, and growth metrics are weak, making it a pure income play with higher risk.

Other Increases

In addition to these three, six other companies raised their dividends during the week. While not all are covered in detail here, the increases ranged from modest single-digit hikes to double-digit percentage boosts. The full list includes companies from various sectors, reflecting broad-based dividend growth.

What it means for income investors

The week's announcements highlight a mix of high-growth and high-yield opportunities. While some companies like Lam Research offer substantial growth but minimal yield, others like Altria provide significant income but limited growth potential. Income-focused portfolios may benefit from a balanced approach, considering both yield and sustainability.

Reporting based on: Seeking Alpha. Figures verified against market data where available.