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Earnings season on the ASX is rolling on this week, and so too is dividend season. This time of year, we tend to find out what the next shareholder payouts from the ASX's most popular income shares will look like. Exciting times indeed.
Today, we've heard from a number of prominent shares. Let's go through three of them that have just announced fresh dividend hikes for their investors.
3 ASX income shares that just increased their dividends
Australian Ethical Investments Ltd (ASX: AEF)
First up is ethically-focused fund manager Australian Ethical Investments. Australian Ethical reported its earnings this morning, which contained some impressive numbers. The company revealed that its revenues were up 9% over FY2026 to $129.5 million, while underlying profits after tax climbed 29% to $25.7 million.
That helped this ASX income share to declare a final dividend of 10 cents per share, fully franked. That's 11.1% above the 9 cents per share final dividend from 2025. Over 2026, Australian Ethical will fork out 18 cents per share in dividends, a 29% boost to investors' 2025 haul.
Australian Ethical shares are currently trading on a trailing dividend yield of 3.56%.
Woodside Energy Group Ltd (ASX: WDS)
Next up, we have ASX energy stock, Woodside. Woodside also reported its half-year earnings this morning. The oil and gas giant enjoyed 13% higher operating revenues over the six months to 30 June at US$7.45 billion. Underlying net profits after tax rose 7% to US$1.33 billion.
That helped Woodside boost its 2026 interim dividend by 7.55% to 57 US cents per share. Like most of this ASX income share's historic payouts, this dividend will come fully franked too.
This will bring Woodside's 2026 dividend total to US$1.16 per share. That's 9.4% higher than 2025's total of US$1.06 per share.
Right now, Woodside shares are trading on a trailing dividend yield of 4.99%.
Coles Group Ltd (ASX: COL)
Last but not least, we have ASX income share and supermarket giant Coles Group. Coles's earnings this morning were well received by investors. As we covered at the time, the company recorded $45.58 billion in revenues for its FY2026, up 2,8% from FY2026. Net profit after tax (NPAT) did even better, jumping 13.7% to $1.26 billion.
That helped this ASX dividend share deliver its seventh annual shareholder pay rise in a row. Investors will bag a final dividend worth a fully franked 37 cents per share, pushing its full-year payouts to 78 cents per share. The final dividend represents a 15.6% hike over 2025's equivalent payout.
Coles shares are currently sitting on a dividend yield of 3.1%.
