Core Insights - The indicated net changes in U.S. domestic common stock dividends increased by $10.6 billion in Q3 2025, compared to $7.4 billion in Q2 2025 and $9.5 billion in Q3 2024 [1][5][6] - Dividend growth remains slow due to concerns over cash commitments and uncertainties related to tariff policies affecting sales and costs [1][2] - The total dividend payments for the S&P 500 on a per share basis increased by 1.7% to $19.81 in Q3 2025, and by 6.0% compared to Q3 2024 [3][5] Dividend Increases - In Q3 2025, U.S. common dividend increases totaled $14.0 billion, a 43.0% increase from $9.8 billion in Q2 2025 but a slight decrease of 0.7% from $14.1 billion in Q3 2024 [5][6] - For the 12-month period ending September 2025, total dividend increases were $57.5 billion, down 23.1% from $74.7 billion in the previous 12-month period [7][6] - A total of 421 dividend increases were reported in Q3 2025, down 12.3% year-over-year from 480 in Q3 2024 [6][5] Dividend Decreases - In Q3 2025, dividend decreases amounted to $3.4 billion, a 46.1% increase from $2.3 billion in Q2 2025 but a decrease of 25.2% from $4.6 billion in Q3 2024 [5][13] - For the 12-month period ending September 2025, 171 issues decreased their dividend payments, a 22.1% increase compared to 140 in the prior 12-month period [13][5] - The total dividend decreases for the current 12-month period were $12.4 billion, down 36.4% from $19.5 billion in the previous period [13][5] Dividend Yields - The weighted indicated dividend yield for paying issues was 2.49% in Q3 2025, down from 2.70% in Q2 2025 and 2.69% in Q3 2024 [13][5] - The average indicated yield decreased to 3.11% in Q3 2025 compared to 3.23% in Q2 2025 and 3.18% in Q3 2024 [13][5] - Yields for large-cap, mid-cap, and small-cap stocks decreased in Q3 2025, indicating that prices increased faster than dividends [13][5]

Core Insights - The indicated dividend net changes for U.S. domestic common stocks increased by $15.3 billion in Q1 2025, compared to $11.7 billion in Q4 2024 and $16.0 billion in Q1 2024 [1][6] - For the 12-month period ending March 2025, the net dividend rate increased by $52.7 billion, up from $42.8 billion for the same period ending March 2024 [2][6] - Dividend growth in Q1 2025 was slower than previous years but aligned with expectations amid economic uncertainties [3][4] Dividend Increases - In Q1 2025, U.S. common dividend increases totaled $19.5 billion, a 37.0% increase from $14.2 billion in Q4 2024 but a 14.1% decrease from $22.7 billion in Q1 2024 [6][7] - For the 12-month period ending March 2025, total dividend increases were $68.2 billion, slightly up from $68.1 billion in the prior period [8][6] - A total of 758 dividend increases were reported in Q1 2025, down 4.8% year-over-year from 796 in Q1 2024 [7] Dividend Decreases - In Q1 2025, dividend decreases amounted to $4.2 billion, a 68.0% increase from $2.5 billion in Q4 2024 but a 37.7% decrease from $6.7 billion in Q1 2024 [6][15] - For the 12-month period ending March 2025, 138 issues decreased their dividend payments, a 37.0% decrease compared to 219 in the prior period [15] - Total dividend decreases for the current 12-month period were $15.6 billion, down 38.3% from $25.2 billion in the previous period [15] Dividend Yields - The weighted indicated dividend yield for paying issues was 2.78% in Q1 2025, down from 2.83% in Q4 2024 and 2.86% in Q1 2024 [15] - Average indicated yield increased to 3.32% in Q1 2025 compared to 3.19% in Q4 2024, but down from 3.28% in Q1 2024 [15] - Yields for large-, mid-, and small-cap stocks increased in Q1 2025, with large-caps at 1.64%, mid-caps at 2.37%, and small-caps at 3.04% [15]