Several high-yield stocks are increasing their dividends, enhancing the income potential for investors. All three stocks discussed here boast dividend yields significantly above the general market, with the lowest yield still a robust 3%. Below, we’ll explore the recent dividend increases announced by these companies.
MO’s 6.3% Yield Is in the Top-10 Among S&P 500 Stocks
First on the list is Altria Group (NYSE: MO), a tobacco and nicotine giant known for its impressive dividend yield. Recently, Altria declared a quarterly dividend of $1.06 per share, marking a 3.9% increase from its previous payment. This company has a strong history of dividend increases, having raised its dividend 60 times over the past 56 years. The new dividend is set to be paid on October 10 to shareholders of record as of the close of business on September 15. Altria now boasts an impressive dividend yield of approximately 6.3%.
Altria’s yield significantly outpaces the S&P 500 Index’s approximate 1.1% dividend yield, placing it in the top 10 among all S&P 500 stocks. This high yield persists despite a nearly 29% rise in Altria shares in 2025. While cigarette sales continue to decline, smokeless tobacco pouches have emerged as a key growth driver. In Q2, Altria’s on! Nicotine pouches increased their share of the oral tobacco category by 70 basis points from the prior year to 8.7%. Shipments also rose over 26%, a notable acceleration from 18% in Q1. However, Philip Morris International’s (NYSE: PM) ZYN still leads the nicotine pouch market, and Altria is working to gain market share, albeit slowly.
QFIN Boosts Dividend by Nearly 9%, More Increases Could Be Coming
Next is Qfin (NASDAQ: QFIN), a lesser-known high-yield stock. This company operates a technology platform in China that connects borrowers with lenders, utilizing artificial intelligence (AI) to enhance credit decision-making. QFIN shares soared by around 143% in 2024, although they have since declined by approximately 24% in 2025.
Despite this downturn, QFIN announced a 76-cent per American Depository Receipt (ADS) dividend for the first half of 2025, representing an 8.6% increase over its previous payment. This new dividend is payable on September 30 to ADS holders of record as of the close of business on September 8. Notably, QFIN typically issues only two dividend payments per fiscal year, yet it still offers an impressive indicated yield of 5.2%. Furthermore, the company has shown a pattern of increasing dividends twice per fiscal year, suggesting that its actual yield may rise beyond 5.2% in the future.
HRB Lifts Dividend Substantially as New CEO Prepares Entrance
Finally, we have H&R Block (NYSE: HRB), a well-known name in tax preparation. On August 12, the company declared a quarterly dividend of 42 cents per share, which represents a 12% increase from its previous payment. This new dividend will be paid on October 6 to shareholders of record on September 4, resulting in an indicated dividend yield of approximately 3.3%. Despite achieving over a 300% total return over the past five years, H&R Block’s share price has dropped around 21% in the last 52 weeks.
The company is currently undergoing a transition, having recently appointed a new Chief Executive Officer who will take charge at the beginning of 2026. Analysts remain moderately bullish on the stock, with the MarketBeat-tracked consensus price target set at $55, indicating around 9% upside potential. However, there is a notable divergence in sentiment, with Barrington Research targeting $62 and Goldman Sachs setting a target of $48.
Big-Time Dividends Just Got Even Bigger
These three companies are committed to returning value to shareholders through dividend increases. Altria Group stands out with its exceptionally high yield and strategic focus on smokeless tobacco. If Altria can capture significant market share from Philip Morris, there could be further upside alongside its attractive yield.
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