October 2025 broke an eight-month-long losing streak for dividend paying stocks in the U.S. stock market. The single number that summarizes the month is +22, which represents the net change in the number of favorable and unfavorable dividend actions recorded during the month when compared with those of October 2024.
The dividend changes announced in October 2025 were unambiguously positive. The number of unfavorable dividend changes announced during the month, such as dividend decreases and suspended (or omitted) dividend payments was flat year-over-year at seven, which falls well below the level that signals recessionary conditions are present in the U.S. economy. Favorable dividend changes, which include dividend rises and special (or extra) dividend payments were up by 22, accounting for the entire improvement.
That outcome stands out because many preceding months have been characterized by a falling number of favorable dividend actions, which have pulled the single number that captures all the stock market's dividend metadata into net negative territory.
The following table presents these figures and the month-over-month and year-over-year changes for October 2025's dividends:
| Dividend Changes in October 2025 | |||||
|---|---|---|---|---|---|
| Oct-2025 | Sep-2025 | MoM | Oct-2024 | YoY | |
| Total Declarations | 4,563 | 4,781 | -218 ▼ | 3,806 | 757 ▲ |
| Favorable | 197 | 98 | 99 ▲ | 175 | 22 ▲ |
| - Increases | 148 | 54 | 94 ▲ | 135 | 13 ▲ |
| - Special/Extra | 49 | 44 | 5 ▲ | 40 | 9 ▲ |
| - Resumed | 0 | 0 | 0 ◀▶ | 0 | 0 ◀▶ |
| Unfavorable | 7 | 17 | -10 ▼ | 7 | 0 ◀▶ |
| - Decreases | 7 | 17 | -10 ▼ | 7 | 0 ◀▶ |
| - Omitted/Passed | 0 | 0 | 0 ◀▶ | 0 | 0 ◀▶ |
The following chart visualizes the monthly counts of dividend increases and decreases from January 2004 through October 2025. Be sure to note the falling number of firms announcing dividend rises since early 2023, for which October 2025's dividend actions represents a potential break in a long-established downward trend.
The next several months of dividend metadata will confirm if October 2025's dividend actions are an outlier in an otherwise continuing downtrend or are perhaps the first indication that trend is breaking down to be replaced by a more positive pattern.
References
Standard and Poor. S&P Market Attributes Web File. [Excel Spreadsheet]. Accessed 3 November 2025.
Image credit: Calendar by Karen Arnold on PublicDomainPictures.net. Creative Commons Creative Commons - CC0 Public Domain.
Labels: dividends
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