3 Stocks That Declared Dividend Raises of at Least 30% in 2026

While it can be exciting when a stock you own declares a dividend raise, the hard truth is that many hikes are unspectacular. The raises tend to be fairly modest, rising by a low- to mid-single-digit percentage. Every once in a while, however, a company's management will be confident enough, sufficiently flush, or both, to enact a dividend raise worth getting excited about.

For shareholders of the three companies featured here, the payout raises made this year were surprising and substantial, jumping at least 30%. Here's the skinny on the increases from artificial intelligence (AI) hardware makers Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU), as well as specialized financial services provider OTC Markets Group (OTC: OTCM).

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1. Nvidia

Nvidia issued the biggest raise among the three, boosting its per-share dividend by 2,400%. To be fair, the raise comes from a low base, going from $0.01 per (split-adjusted) share to $0.25.

The AI revolution is in full swing, and it wouldn't be as durable and sustained as it is without the involvement of Nvidia. Enthusiasm for its state-of-the-art AI processors has helped its fundamentals really balloon of late. In its second-quarter fiscal 2027, Nvidia more than doubled its revenue year over year to $96 billion (sequential improvement was also considerable at 18%). Adjusted net income motored even higher, rising 118% to almost $54 billion.

With that kind of growth and bottom-line margin, which is now typical for Nvidia, it has too much cash available. Such gains may not be sustainable forever, but the company's success appears set to continue, pointing to further payout increases.

Because the stock price continues to outperform, Nvidia's dividend yield remains underwhelming at 0.47%.

2. Micron Technology

Micron concentrates on memory and storage solutions for the AI industry. And while it's not posting triple-digit gains in key line items, its business is clocking some impressive growth. That growth gave the company enough reason to declare a 30% dividend increase in March, raising the payout to $0.15 per share from just under $0.12.

AI requires not only considerably more processing power than preceding technologies, but also the memory and storage capacity to support it. Since all four of the company's customer segments are busy building their AI capabilities, these revenue streams continue to grow.

For example, the cloud memory business segment's revenue more than quadrupled year over year to nearly $13.8 billion in its fiscal third quarter. And the core data center segment's revenue of $11.5 billion rose sevenfold. Revenue overall leaped to more than $41 billion from $9 billion a year ago. Better, adjusted net income zoomed to $28.9 billion from $2.2 billion.

Even more than Nvidia, whose stock has stumbled at times, Micron's shares have raced well higher this year, more than tripling in value. Even with that, however, the stock's valuation remains reasonable.

Again, a rising stock pushes down yield -- significantly, in this case. Micron's raised dividend currently yields under 0.1%.

3. OTC Markets

OTC Markets is an all-in-one provider of trading and information services for over-the-counter stocks (although it works with larger exchanges like the Nasdaq Composite, too). It's been doing well lately, as the areas where it operates tend to be lucrative when managed effectively, and securities markets of all types are frothy these days.

OTC Markets is doing so well that management was comfortable declaring a meaty dividend raise of 67% to $0.30 per share in Q1. In both the first and second quarters, OTC Markets posted year-over-year growth of 14% for gross revenue and 17% for net income. The company's top line in Q2 was just under $35 million, while net income was $8.6 million.

These days, OTC Markets is reaping the rewards of being a known operator in a thriving market. Its business is growing thanks to sharply rising volume. In Q2, for instance, average daily trades through its alternative trading systems during regular business hours bounced more than 50% higher to 95,000.

For investors who believe equity trading will remain robust, OTC Markets is an intriguing, somewhat under-the-radar play on that dynamic. On a pure share-price basis, it's also less expensive than other stocks in its niche, and its valuations are comparable.

Its yield is also above average (1.1%) and currently sits just under 2%.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology, Nvidia, and OTC Markets Group. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.