As I'm writing this blog post, it's the last few days of March. The high temperature is expected to reach 44 degrees Fahrenheit today (March 25) here in Central Wisconsin, which is a bit below the average high for this time of year.
With that aside, now would be a good time to discuss dividend increases that I received in March. I am not expecting any additional payout bumps in the next few days, but will update this post if needed. I'll also look ahead to the dividend raises that I am forecasting for next month.
Actual Dividend Increases for March 2023
Dividend Increase #1: General Dynamics (GD)
General Dynamics declared a 4.8% increase in its quarterly dividend per share to $1.32. This came in a bit below the 7.1% raise that I was expecting.
My net annual forward dividends edged $0.96 higher across my four shares of GD due to the payout raise.
Dividend Increase #2: W.P. Carey (WPC)
W.P. Carey announced a 0.2% bump in its quarterly payout per share to $1.067, which was less than the 0.4% increase that I predicted.
Across my seven shares of WPC, my net annual forward dividends inched upward by $0.056 as a result of the dividend announcement.
Dividend Increase #3: Realty Income (O)
Realty Income declared a 0.2% increase in its monthly dividend per share to $0.255. That was precisely as I projected.
My net annual forward dividends were lifted by $0.102 across my 17 shares of O due to the payout bump.
Dividend Increase #4: Dollar General (DG)
Dollar General announced a 7.3% hike in its quarterly dividend per share to $0.59, which wasn't the 10.9% boost that I was anticipating.
Across my three shares of DG, my net annual forward dividends increased by $0.48 as a result of the dividend announcement.
Dividend Increase #5: Williams-Sonoma (WSM)
Williams-Sonoma declared a 15.4% lift in its quarterly dividend per share to $0.90. This was more than double the 6.4% raise that I was predicting.
My net annual forward dividends were boosted by $4.80 across my 10 shares of WSM due to the payout increase.
Dividend Increase #6: Medifast (MED)
Medifast announced a 0.6% bump in its quarterly dividend per share to $1.65.
Across my seven shares of MED, my net annual forward dividends inched $0.28 higher as a result of the dividend announcement.
Dividend Freeze #1: American Tower (AMT)
American Tower kept its quarterly dividend per share in line with the previous at $1.56, which was below my expectation of a 1.3% increase.
Dividend Freeze #2: Innovative Industrial Properties (IIPR)
Innovative Industrial Properties held its quarterly dividend per share in line with the prior of $1.80, which was less than the 1.1% raise I was projecting.
Expected Dividend Increases for April 2023
Expected Dividend Increase #1: Southern Company (SO)
The first dividend increase that I'm expecting for next month is from Southern Company. I believe SO will announce a 2.9% bump in its quarterly dividend per share to $0.70.
My net annual forward dividends would increase by $0.40 across my five shares of SO if this raise were to play out as expected.
Expected Dividend Increase #2: Johnson & Johnson (JNJ)
The next payout hike that I am projecting in April will be from Johnson & Johnson. My best guess is that JNJ will declare a 6.2% increase in its quarterly dividend per share to $1.20.
Across my five shares, my net annual forward dividends would be lifted by $1.40 from such a dividend declaration.
Expected Dividend Increase #3: Raytheon Technologies (RTX)
The third dividend increase that I'm forecasting for next month is from Raytheon Technologies. I predict that RTX will announce a 7.3% hike in its quarterly dividend per share to $0.59.
My net annual forward dividends would increase by $1.12 across my seven shares of RTX due to such a dividend announcement.
Expected Dividend Increase #4: International Business Machines (IBM)
The next payout hike that I am forecasting in April will be from International Business Machines. My forecast is for a 3% bump in the quarterly dividend per share to $1.70.
Across my six shares of IBM, my net annual forward dividends would rise by $1.20 from such a dividend declaration.
Expected Dividend Increase #5: American Water Works (AWK)
The fifth dividend increase that I'm projecting for next month is from American Water Works. I believe that AWK will announce a 9.1% hike in its quarterly dividend per share to $0.72.
My net annual forward dividends would be lifted by $0.96 across my four shares of AWK from such an announcement.
Concluding Thoughts:
The six dividend increases that I received during March boosted my net annual forward dividends by $6.678. That's equivalent to investing $190.80 at a 3.5% dividend yield.
If I receive five dividend raises in the amount of $5.08 as I expect in April, this would be like investing $145.14 at a 3.5% net dividend yield.
Discussion:
How many dividend increases did you receive in March?
Did you receive any first-time payout hikes as I did with DG?
Thanks for reading. Please feel free to comment below!
No comments:
Post a Comment