Expected Dividend Announcements for June 2020

With each passing month, I become more and more convinced that life passes us by in a hurry. It seems as though it was just yesterday I was writing my expected dividend increases for May post, even though it was a month ago.

With that said, I'll recap the dividend announcement activity over the past month before delving into the dividend announcements that I'm expecting for June.

Pending Dividend Increase: Lowe's (LOW)

Given that Lowe's will be hosting its Annual Meeting of Shareholders this Friday, I expect that we will be receiving a 5.5% increase in LOW's quarterly dividend from $0.55/share to $0.58/share

Across my 4 shares of LOW, this would result in a $0.48 boost in my annual forward dividends.

Expected Dividend Announcements for June

Expected Dividend Increase #1: Realty Income (O)

Given that Realty Income has been arguably the most consistent performer in my portfolio in terms of dividend increases, I wouldn't be surprised to see O announce a 0.2% increase in the monthly dividend from $0.2330/share to $0.2335/share.

Across my 7 shares of O, this would increase my annual forward dividends by $0.042.

Expected Dividend Increase #2: WP Carey (WPC)

WP Carey is another consistent dividend payer within my portfolio that is likely to increase its quarterly dividend by 0.2% from $1.040/share to $1.042/share. 

Across the 5 shares of WPC, this announcement would boost my annual forward dividends by $0.040.

Concluding Thoughts:

While I am awaiting an announcement from Lowe's this Friday, this month has only resulted in a dividend suspension from Tanger Factory Outlet Centers (SKT) among my 51 whole share holdings.

Although I do believe there will be another cut or two within my portfolio in the months ahead, I am certainly encouraged that my dividend income has only been reduced by 4% during an unprecedented response to COVID-19.

In my humble opinion, the overall performance of my dividend portfolio and its ability to continue to pay dividends has only reinforced my confidence in the DGI strategy.

Discussion:

Have you benefited from any dividend increases this month?

Have you experienced any dividend cuts or suspensions?

As always, I appreciate your readership and welcome comments in the comment section below.