Home/Dividend changes/Week of Sep 15, 2025

Dividend changes: week of Sep 15, 2025

Every raise, cut and newly initiated dividend with an ex-date between Sep 15 – Sep 21, 2025.

22 raises 5 cuts 2 initiated RSS

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**Dividend increases and cuts — week of September 15, 2025**

**Raises (22)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| AQNB | Algonquin Power & Utilities Cor | +39.4% | $0.541/qtr | 5.87% |
| CSWC | Capital Southwest Corporation | +31.1% | $0.253/mo | 10.65% |
| CTBI | Community Trust Bancorp, Inc. | +12.8% | $0.53/qtr | 2.78% |
| IRDM | Iridium Communications Inc. | +7.1% | $0.15/qtr | 1.26% |
| MO | Altria Group, Inc. | +3.9% | $1.06/qtr | 6.27% |
| NXP | Nuveen Select Tax-Free Income Port | +3.8% | $0.054/mo | 4.63% |
| PECO | Phillips Edison & Company, Inc. | +4.9% | $0.108/mo | 3.36% |
| SAH | Sonic Automotive, Inc. | +8.6% | $0.38/qtr | 2.05% |
| SYBT | Stock Yards Bancorp, Inc. | +3.2% | $0.32/qtr | 1.63% |
| UCB | United Community Banks, Inc. | +4.2% | $0.25/qtr | 2.87% |
| VLYPP | Valley National Bancorp | +37.3% | $0.537/qtr | 8.07% |
| WOR | Worthington Enterprises, Inc. | +11.8% | $0.19/qtr | 1.25% |
| CNNE | Cannae Holdings, Inc. | +25.0% | $0.15/qtr | 3.86% |
| GEF | Greif, Inc. | +3.7% | $0.56/qtr | 2.72% |
| JJSF | J&J Snack Foods Corp. | +2.6% | $0.80/qtr | 3.91% |
| STC | Stewart Information Services Corpo | +5.0% | $0.525/qtr | 3.13% |
| TSM | Taiwan Semiconductor Manufacturing | +5.4% | $0.822/qtr | 0.82% |
| AVT | Avnet, Inc. | +6.1% | $0.35/qtr | 1.93% |
| CHMG | Chemung Financial Corporation | +6.2% | $0.34/qtr | 1.61% |
| ICMB | Investcorp Credit Management BDC, | +16.7% | $0.14/qtr | 31.94% |
| VICI | VICI Properties Inc. | +3.9% | $0.45/qtr | 7.13% |
| BSVN | Bank7 Corp. | +12.5% | $0.27/qtr | 1.98% |

**Cuts (5)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| NAD | Nuveen Quality Municipal Income Fu | -6.6% | $0.071/mo | 7.61% |
| NEA | Nuveen AMT-Free Quality Municipal | -6.8% | $0.068/mo | 7.46% |
| SBR | Sabine Royalty Trust | -21.6% | $0.584/mo | 6.44% |
| STRF | Strategy Inc | -5.3% | $2.50/qtr | 9.58% |
| TPVG | TriplePoint Venture Growth BDC Cor | -23.3% | $0.23/qtr | 18.34% |

**Newly initiated (2)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| STRD | Strategy Inc | new | $3.056/qtr | 13.98% |
| DRAY | YieldMax DKNG Option Income Strate | new | $1.565/wk | 109.16% |

Source: https://payoutcal.com/weekly/2025-09-15

**Dividend increases and cuts — week of September 15, 2025**

**Raises (22)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| AQNB | Algonquin Power & Utilities Cor | +39.4% | $0.541/qtr | 5.87% |
| CSWC | Capital Southwest Corporation | +31.1% | $0.253/mo | 10.65% |
| CTBI | Community Trust Bancorp, Inc. | +12.8% | $0.53/qtr | 2.78% |
| IRDM | Iridium Communications Inc. | +7.1% | $0.15/qtr | 1.26% |
| MO | Altria Group, Inc. | +3.9% | $1.06/qtr | 6.27% |
| NXP | Nuveen Select Tax-Free Income Port | +3.8% | $0.054/mo | 4.63% |
| PECO | Phillips Edison & Company, Inc. | +4.9% | $0.108/mo | 3.36% |
| SAH | Sonic Automotive, Inc. | +8.6% | $0.38/qtr | 2.05% |
| SYBT | Stock Yards Bancorp, Inc. | +3.2% | $0.32/qtr | 1.63% |
| UCB | United Community Banks, Inc. | +4.2% | $0.25/qtr | 2.87% |
| VLYPP | Valley National Bancorp | +37.3% | $0.537/qtr | 8.07% |
| WOR | Worthington Enterprises, Inc. | +11.8% | $0.19/qtr | 1.25% |
| CNNE | Cannae Holdings, Inc. | +25.0% | $0.15/qtr | 3.86% |
| GEF | Greif, Inc. | +3.7% | $0.56/qtr | 2.72% |
| JJSF | J&J Snack Foods Corp. | +2.6% | $0.80/qtr | 3.91% |
| STC | Stewart Information Services Corpo | +5.0% | $0.525/qtr | 3.13% |
| TSM | Taiwan Semiconductor Manufacturing | +5.4% | $0.822/qtr | 0.82% |
| AVT | Avnet, Inc. | +6.1% | $0.35/qtr | 1.93% |
| CHMG | Chemung Financial Corporation | +6.2% | $0.34/qtr | 1.61% |
| ICMB | Investcorp Credit Management BDC, | +16.7% | $0.14/qtr | 31.94% |
| VICI | VICI Properties Inc. | +3.9% | $0.45/qtr | 7.13% |
| BSVN | Bank7 Corp. | +12.5% | $0.27/qtr | 1.98% |

**Cuts (5)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| NAD | Nuveen Quality Municipal Income Fu | -6.6% | $0.071/mo | 7.61% |
| NEA | Nuveen AMT-Free Quality Municipal | -6.8% | $0.068/mo | 7.46% |
| SBR | Sabine Royalty Trust | -21.6% | $0.584/mo | 6.44% |
| STRF | Strategy Inc | -5.3% | $2.50/qtr | 9.58% |
| TPVG | TriplePoint Venture Growth BDC Cor | -23.3% | $0.23/qtr | 18.34% |

**Newly initiated (2)**

| Symbol | Company | Change | New amount | Yield |
| --- | --- | ---: | ---: | ---: |
| STRD | Strategy Inc | new | $3.056/qtr | 13.98% |
| DRAY | YieldMax DKNG Option Income Strate | new | $1.565/wk | 109.16% |

Source: https://payoutcal.com/weekly/2025-09-15

Raises (22)

Ex-date	Symbol	Change	Old	New	Frequency	Yield now	Status
Sep 15, 2025	AQNBAlgonquin Power & Utilities Cor	+39.4%	$0.388	$0.541	Quarterly	5.87%	Paid
Sep 15, 2025	CSWCCapital Southwest Corporation	+31.1%	$0.193	$0.253	Monthly	10.65%	Paid
Sep 15, 2025	CTBICommunity Trust Bancorp, Inc.	+12.8%	$0.47	$0.53	Quarterly	2.78%	Paid
Sep 15, 2025	IRDMIridium Communications Inc.	+7.1%	$0.14	$0.15	Quarterly	1.26%	Paid
Sep 15, 2025	MOAltria Group, Inc.	+3.9%	$1.02	$1.06	Quarterly	6.27%	Paid
Sep 15, 2025	NXPNuveen Select Tax-Free Income Portfolio	+3.8%	$0.052	$0.054	Monthly	4.63%	Paid
Sep 15, 2025	PECOPhillips Edison & Company, Inc.	+4.9%	$0.103	$0.108	Monthly	3.36%	Paid
Sep 15, 2025	SAHSonic Automotive, Inc.	+8.6%	$0.35	$0.38	Quarterly	2.05%	Paid
Sep 15, 2025	SYBTStock Yards Bancorp, Inc.	+3.2%	$0.31	$0.32	Quarterly	1.63%	Paid
Sep 15, 2025	UCBUnited Community Banks, Inc.	+4.2%	$0.24	$0.25	Quarterly	2.87%	Paid
Sep 15, 2025	VLYPPValley National Bancorp	+37.3%	$0.391	$0.537	Quarterly	8.07%	Paid
Sep 15, 2025	WORWorthington Enterprises, Inc.	+11.8%	$0.17	$0.19	Quarterly	1.25%	Paid
Sep 16, 2025	CNNECannae Holdings, Inc.	+25.0%	$0.12	$0.15	Quarterly	3.86%	Paid
Sep 16, 2025	GEFGreif, Inc.	+3.7%	$0.54	$0.56	Quarterly	2.72%	Paid
Sep 16, 2025	JJSFJ&J Snack Foods Corp.	+2.6%	$0.78	$0.80	Quarterly	3.91%	Paid
Sep 16, 2025	STCStewart Information Services Corporation	+5.0%	$0.50	$0.525	Quarterly	3.13%	Paid
Sep 16, 2025	TSMTaiwan Semiconductor Manufacturing Company Limited	+5.4%	$0.78	$0.822	Quarterly	0.82%	Paid
Sep 17, 2025	AVTAvnet, Inc.	+6.1%	$0.33	$0.35	Quarterly	1.93%	Paid
Sep 17, 2025	CHMGChemung Financial Corporation	+6.2%	$0.32	$0.34	Quarterly	1.61%	Paid
Sep 18, 2025	ICMBInvestcorp Credit Management BDC, Inc.	+16.7%	$0.12	$0.14	Quarterly	31.94%	Paid
Sep 18, 2025	VICIVICI Properties Inc.	+3.9%	$0.433	$0.45	Quarterly	7.13%	Paid
Sep 19, 2025	BSVNBank7 Corp.	+12.5%	$0.24	$0.27	Quarterly	1.98%	Paid

Cuts (5)

Ex-date	Symbol	Change	Old	New	Frequency	Yield now	Status
Sep 15, 2025	NADNuveen Quality Municipal Income Fund	-6.6%	$0.076	$0.071	Monthly	7.61%	Paid
Sep 15, 2025	NEANuveen AMT-Free Quality Municipal Income Fund	-6.8%	$0.073	$0.068	Monthly	7.46%	Paid
Sep 15, 2025	SBRSabine Royalty Trust	-21.6%	$0.745	$0.584	Monthly	6.44%	Paid
Sep 15, 2025	STRFStrategy Inc	-5.3%	$2.639	$2.50	Quarterly	9.58%	Paid
Sep 16, 2025	TPVGTriplePoint Venture Growth BDC Corp.	-23.3%	$0.30	$0.23	Quarterly	18.34%	Paid

Newly initiated (2)

Ex-date	Symbol	Change	Old	New	Frequency	Yield now	Status
Sep 15, 2025	STRDStrategy Inc	new	—	$3.056	Quarterly	13.98%	Initiated
Sep 18, 2025	DRAYYieldMax DKNG Option Income Strategy ETF	new	—	$1.565	Weekly	109.16%	Initiated

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Previous weeks

Sep 7 11↑ 0↓ Aug 31 44↑ 20↓ Aug 24 24↑ 7↓ Aug 17 24↑ 7↓ Aug 10 36↑ 9↓ Aug 3 38↑ 13↓ Jul 27 22↑ 14↓ Jul 20 13↑ 4↓ Jul 13 8↑ 8↓ Jul 6 11↑ 4↓ Jun 29 49↑ 22↓ Jun 22 27↑ 9↓

How detection works: we compare each new regular payment with the most common amount of the previous six, ignore recurring supplementals and special dividends, and require a 0.1% move for stable payers or 5% for payers whose amount varies every period. Open-end ETFs are excluded because their distributions vary by design. Not investment advice.