Tuesday, October 22, 2024
Expected Dividend Increases For November 2024
Tuesday, October 15, 2024
November 2024 Dividend Stock Watch List
As I’m writing this blog post, it is Friday, October 11th. The high temperature is expected reach 74 degrees Fahrenheit in Central Wisconsin. Add in a partly sunny forecast and the weather is perfect for this time of the year.
Now that less
than three weeks remain in the month, I’ll be looking ahead to dividend stocks
on my watch list for November 2024. Let’s dive into it!
Dividend
Stock #1: Energy Transfer (ET)
The first
stock on my watch list for November 2024 is Energy Transfer (ET). Those interested
in the investment thesis in detail can refer to my August Seeking Alpha article.
In a
nutshell, ET set several new partnership records in its second quarter. The
partnership’s credit rating was upgraded to Baa2 (BBB equivalent) by Moody’s in June. The 7.8%
distribution yield is also well-covered by DCF. Finally, ET’s $16 unit price
(as of October 11th, 2024) remains well under my fair value estimate
of approximately $19 a unit.
Dividend
Stock #2: Alphabet (GOOGL)
The next
stock on my watch list for next month is Alphabet (GOOGL). Astute readers will
notice that I just highlighted the stock in my September 2024 Dividend Stock Watch
List.
Well, my
buying rationale is about the same as it was at that time. Since that time, I
published a September
Seeking Alpha article. YouTube Shorts monetization is improving, and Google
Cloud remains a go-to option for both startups and established businesses. GOOGL’s
nearly $100 billion net cash position and AA+ credit rating from S&P on a
stable outlook are also pluses. The recently initiated dividend is modest and
has tons of room for future growth. The icing on the cake is that GOOGL is deeply
undervalued from the current $165 share price (as of October 11th,
2024), with my October fair value estimate approaching $210 a share.
Dividend
Stock #3: PepsiCo (PEP)
The third stock
on my watch list for November 2024 is PepsiCo (PEP). My investment thesis for
the consumer staple remains unchanged from my May
Seeking Alpha article.
PEP operates
as a leader in a fragmented, trillion-plus dollar global beverage and convenient
food category. The company also enjoys an A+ credit rating from S&P on a
stable outlook. Fair value is also edging closer to $200 a share, which would
represent a moderate discount versus the current $174 share price (as of
October 11th, 2024).
Concluding
Thoughts:
So, that
is that for this blog post in my monthly stock watch list series. Three more world-class
stocks on my radar for additional investment. These are the kinds of investment
holdings that allow me to sleep well at night and stand by the dividend growth
investing strategy. This has served me well over the past seven years and I especially
look forward to the next seven years of living by the strategy.
Discussion:
Are any of
ET, GOOGL, and/or PEP on your watch list for November 2024?
If not, what
stocks are on your radar for next month?
Thanks for
reading. I look forward to your comments below!
Tuesday, October 8, 2024
September 2024 Dividend Income
As I'm writing
this blog post, it's Friday, October 4th. The high temperature is going to
reach into the upper 60 degrees Fahrenheit range later today. Unsurprisingly, I'm
planning on getting outside for a while today to enjoy what's left of
the ideal weather.
Now that September is over, I'm going to be taking a moment
today to review my net dividend income for the month. Without further ado,
let's dig into it.
Dividend
Income Approached $550 For The Month
In September 2024, I collected $543.81 in net dividends
(including ADR fees for BP and withholdings on BAM dividends). Against the
$520.75 in net dividends received in June 2024, this is equivalent to a 4.4% quarterly
growth rate.
Compared to the $434.85 in net dividends collected in September 2023, that equates to a 25.1%
year-over-year growth rate.
My net dividends received in my Charles Schwab
portfolio were $364.41 from 48 companies. This was marginally lower
because of my sale of Dominion Energy (D) in July 2024 and partially offset by my
purchase of Meta Platforms (META) during the month.
In my retirement account sponsored by my former employer, I
collected $87.11 in net dividends from my Capital Income Builder
(CAIBX) holding. This increased slightly because of a higher share count from
dividend reinvestment.
My net dividends received from my Fidelity
portfolio was $74.80 from 13 companies. Dividend stock purchases in June 2024, July, and August 2024 accounted for this uptick in net
dividends.
In my Webull account, I collected $17.49 in net
dividends from six companies. Payout raises contributed to a modest increase in
net dividends.
Concluding
Thoughts:
As I indicated in my June 2024 Dividend Income blog post,
my capital deployment in recent months is putting me on a realistic path to
receive at least $600 in net dividends for December 2024.
Discussion:
How was your net dividend income for September 2024?
Did you collect any first-time dividends during the month
as I did with META?
I appreciate your readership and welcome your comments below!
Tuesday, October 1, 2024
September 2024 Dividend Stock Purchases
As I’m writing this blog post, it is currently Thursday, September 26th. The weekend is going to see highs in the mid 70 degrees Fahrenheit. So, we’re seeing a cooling trend here in Central Wisconsin. That’s decent weather for this time of the year, though.
Since the
month of September is just about complete, I’ll be detailing my dividend stock
purchases for the month. Without further ado, let’s dig into it.
Dividend
Stock Purchase #1: Enbridge (ENB)
The first
dividend stock purchase that I made during the month was 25 shares of Enbridge at an average price of $40.57 a
share. This boosted my net annual forward dividends by $67, which is equivalent
to a 6.61% net dividend yield.
Interested
readers can find the gist of my investment thesis in my September
2024 Dividend Stock Watch List blog post.
Dividend
Stock Purchase #2: Alphabet (GOOGL)
My next
dividend stock purchase completed in September was four shares of Alphabet at an average cost per share of $153.84.
That increased my portfolio’s net annual forward dividends by $3.20, which works
out to a 0.52% net dividend yield.
Curious
readers can peruse the September 2024 Dividend Stock Watch List blog post
linked above for my investment thesis.
Dividend
Stock Purchase #3: Meta Platforms (META)
The third
and final dividend stock purchase that I executed for the month was a share of Meta Platforms at
$506.11. As a result, my net annual forward dividends edged $2 higher. This
equates to a net dividend yield of 0.40%.
Intrigued
readers can also uncover my investment thesis in the September 2024 Dividend
Stock Watch List blog post.
Concluding
Thoughts:
In September,
I put $2,135.70 in capital to work.
Against the $72.20 in net annual forward dividends added from these buys, this
is a weighted average net dividend yield of 3.38%.
My net
annual forward dividends also
increased by $22.378 from the nine dividend increases that I received in September
2024. This helped my net annual forward dividends rise from about $4,945
heading into the month to approximately $5,040 going into October.
Discussion:
How was your capital deployment during the
month?
Did you open any new positions/close any positions in
September 2024?
Thank you
for reading and please leave your comments below!
Tuesday, September 24, 2024
Expected Dividend Increases For October 2024
As I’m writing this blog post, it is currently
Thursday, September 19th. The weather here in Central Wisconsin is going to be
ideal for this weekend, with the high temperatures in the low 80 degrees
Fahrenheit range. So, I plan on going outside for at least a few hours this weekend.
Now that I have received all but one of the raises that I am
expecting for the month, I’ll go over those in this post. I’ll also look ahead
to the dividend raises that I’m anticipating for next month.
Actual Dividend Increases For September 2024
Dividend Increase #1: Broadcom (AVGO)
Broadcom announced a 1% increase in its quarterly dividend
per share to $0.53. This was due to the 10:1 stock split completed in July and
aimed at keeping the dividend at an non-fractional cent amount.
Across my 40 shares of AVGO, my net annual forward dividends
grew by $0.80 due to this dividend announcement.
Dividend Increase #2: JPMorgan Chase (JPM)
JPMorgan Chase made its 8.7% increase in its quarterly
dividend per share to $1.25 official during the month.
My net annual forward dividends rose by $2.40 across my six
shares of JPM because of this dividend declaration.
Dividend Increase #3: Microsoft (MSFT)
Microsoft announced a 10.7% raise in its quarterly dividend
per share to $0.83 in September. This was in line with my prediction in this series’
previous blog post.
Across my five shares of MSFT, my net annual forward
dividends climbed by $1.60 due to this dividend announcement.
Dividend Increase #4: Realty Income (O)
Realty Income declared a 0.2% increase in its monthly
dividend per share to $0.2635. That was also precisely what I anticipated.
My net annual forward dividends edged $0.288 higher across my
48 shares of O because of this dividend declaration.
Dividend Increase #5: Philip Morris
International (PM)
Philip Morris International announced a 3.8% raise in its
quarterly dividend per share to $1.35. This was $0.01 more than I expected.
Across my 27 shares of PM, my net annual forward dividends increased
by $5.40 due to this dividend announcement.
Dividend Increase #6: VICI Properties (VICI)
VICI Properties declared a 4.2% increase in its quarterly
dividend per share to $0.4325. This came in below my expectation of $0.44.
My net annual forward dividends climbed by $4.76 across my 68
shares of VICI because of this dividend declaration.
Dividend Increase #7: Verizon Communications
(VZ)
Verizon Communications announced a 1.9% raise in its quarterly
dividend per share to $0.6775, which was what I predicted.
Across my 45 shares of VZ, my net annual forward dividends increased
by $2.25 due to this dividend announcement.
Dividend Increase #8: Texas Instruments (TXN)
Texas Instruments upped its quarterly dividend per share by 4.6%
to $1.36. Across my 12 shares of TXN, my net annual forward dividends rose by
$2.88.
Dividend Increase #9: McDonald's (MCD)
McDonald's was a bit early with its dividend hike this year. The company matched my expectations of a 6% raise in its quarterly dividend per share to $1.77. My net annual forward dividends grew by $2 across my five shares of MCD from this dividend announcement.
Expected Dividend Increases For October 2024
Expected Dividend Increase #1: AbbVie (ABBV)
The first dividend raise that I’m expecting in October will
be from AbbVie. My best guess is that a 5.2% increase in the quarterly dividend
to $1.62 will be announced.
Across my 14 shares of ABBV, my net annual forward dividends would
climb by $3.92 from such an announcement.
Expected Dividend Increase #2: American
Electric Power (AEP)
The next dividend increase that I’m projecting for next month
will come from American Electric Power. I believe that AEP will declare a 5.7%
increase in its quarterly dividend per share to $0.93.
My net annual forward dividends would rise by $3 due to such
a declaration across my 15 shares of AEP.
Expected Dividend Increase #3: A.O. Smith (AOS)
The third dividend raise that I’m anticipating in October will
be from A.O. Smith. My guess is that AOS will announce a 7.8% increase in its
quarterly dividend per share to $0.345.
Across my 12 shares of AOS, my net annual forward dividends would
edge higher by $1.20 from such an announcement.
Expected Dividend Increase #4: Energy Transfer
(ET)
The next distribution increase that I’m expecting for next
month will come from Energy Transfer. I believe that ET will declare a 0.8% bump
in its quarterly distribution per unit to $0.3225.
My net annual forward distributions would rise by $1.02
across my 102 units of ET due to such a distribution declaration.
Expected Dividend Increase #5: Lockheed Martin
(LMT)
The fifth dividend raise that I’m projecting in October will
be from Lockheed Martin. My best guess is that LMT will announce a 6.3% increase
in its quarterly payout per share to $3.35.
Across my four shares of LMT, my net annual forward dividends would climb by $3.20 from such an announcement.
Expected Dividend Increase #6: MPLX LP (MPLX)
The next distribution raise that I’m anticipating in
October will be from MPLX LP. My guess is that MPLX will announce a 5.9% hike
in its quarterly distribution per unit to $0.90.
Across my 32 units of MPLX, my net annual forward
distributions would grow by $6.40 from such an announcement.
Expected Dividend Increase #7: Pinnacle West
Capital (PNW)
The seventh dividend increase that I’m projecting for next month
will come from Pinnacle West Capital. I believe that PNW will declare a 1.9% bump
in its quarterly dividend per share to $0.90.
My net annual forward dividends would increase by $0.56
across my seven shares due to such a dividend declaration.
Expected Dividend Increase #8: Visa (V)
The next dividend boost that I’m predicting in October will
be from Visa. My best guess is that V will announce a 13.5% hike in its
quarterly dividend per share to $0.59.
Across my nine shares of V, my net annual forward dividends would
rise by $2.52 from such an announcement.
Expected Dividend Increase #9: Exxon Mobil
(XOM)
The ninth and final dividend increase that I’m anticipating for next
month will come from Exxon Mobil. I believe that XOM will declare a 5.3% raise
in its quarterly dividend per share to $1.
My net annual forward dividends would grow by $2.20 across my 11 shares of XOM due to such a declaration.
Pending Dividend Increase: Starbucks (SBUX)
Starbucks has yet to deliver its dividend boost. But I’m standing by my projection that a 7% increase in the quarterly dividend per share to $0.61 will be declared before the month is up.
My net annual forward dividends would rise by $3.68 across my 23 shares of SBUX with such a dividend declaration.
Concluding Thoughts:
I received an additional $22.378 in net annual forward dividends from nine companies in September. This is like investing $745.93 in capital at a 3%
dividend yield.
If the 10 raises that I’m projecting for next month materialize,
my net annual forward dividends would increase by $27.70. That would be equivalent
to investing $923.33 in fresh capital at a 3% net yield.
Discussion:
How were your dividend/distribution raises in September?
Did you receive any first-time raises?
As always, I appreciate your readership. Please feel free to
leave your comments below!
Tuesday, September 17, 2024
August 2024 Dividend Income
As I’m writing this blog post, it is
currently Friday, September 13th. The high temperatures here in
Central Wisconsin are set to reach the high 80 degrees Fahrenheit range
this weekend. There is also quite a bit of sun in the forecast, so I’m
looking to spend plenty of time outside while the weather is
still pleasant.
Now that August is complete, I’ll be taking a moment
to highlight my dividend income during the month.
Middle Month Net Dividend Income Is Approaching $400
In August 2024, I received $384.73 in net dividends (factoring
in British American Tobacco’s ADR fees). That works out to a 5.2%
quarterly growth rate versus the $365.82 in net dividends collected in May
2024.
My net dividends received in August were 25.8% more
than the $305.77 in net dividends collected in August
2023.
I received $356.23 in net dividends from 27 companies within my
Charles Schwab account. My purchase of another 21 shares of British
American Tobacco (BTI) in May
2024 helped contribute to my higher net dividend income in this portfolio.
My net dividends collected in my Webull account amounted
to $15.90 (net of ADR fees) from three companies. A distribution raise from Enterprise
Products Partners (EPD) and a higher dividend from BTI boosted my portfolio’s
net income.
I received $12.41 in net dividends from two companies
in my Fidelity retirement portfolio. This was unchanged from May.
My net dividends collected from my M1 Finance account were $0.19 from seven companies. The recent implementation of its $3 monthly fee for
accounts with less than $10,000 in assets prompted me to close my
account. September will be my first month with M1 Finance not
being a contributor to my dividend income since I opened the account in 2018.
Concluding Thoughts:
That’s all for now. Having not deployed tons of
capital to companies paying dividends this month in recent months, I was pleased
with my portfolio’s overall growth in net dividend income.
Discussion:
How was your net dividend income last month?
Did you receive any first-time dividends in August 2024?
Thanks for reading. I look forward to your comments below!
Tuesday, September 10, 2024
October 2024 Stock Watch List
As I'm writing this blog post, my parents recently celebrated their 31st wedding anniversary. I'm very blessed to have been raised in a loving home. God willing, I hope to replicate that one day with a family of my own.
On
another note, the high temperatures this weekend are expected to reach the
low to high 70 degrees Fahrenheit range in Central Wisconsin. Since there
are three weeks remaining in the month of September, now would be a
good time to look at a few stocks on my watch list for October.
Stock #1: Amazon (AMZN)
The first stock on my watch list for October is Amazon (AMZN). Interested readers can check out my Seeking Alpha article from July.
AMZN's growth
looks to be holding up. The company is broadening its item selection on its
e-commerce platform. AMZN is also set to benefit from the vast majority of
global IT spending remaining on-premises and gradually transitioning to the
cloud. Additionally, the company's free cash flow is immensely improving.
Finally, shares could be trading at a substantial discount to fair value from
the current $171 share price (as of September 6, 2024).
Stock #2: Enterprise Products Partners (EPD)
The next stock on my watch list for next month is Enterprise Products Partners (EPD). Curious readers can peruse my July Seeking Alpha article for more info.
EPD's adjusted EBITDA and
DCF continues to steadily move higher. The midstream operator is also planning
a major growth project, which should sustain this growth. EPD's
A-rated balance sheet is the strongest in its industry. The 7%+ distribution
yield is well-covered and positioned to keep growing. Sealing the buy
case, units of EPD are moderately undervalued from the current $29 unit price
(as of September 6, 2024).
Stock #3: Visa (V)
The third stock on my watch list for October 2024 is Visa (V). Those interested in my in-depth investment thesis can read my co-produced Seeking Alpha article from July.
V has secular trends on
its side to keep double-digit annual adjusted diluted EPS growth flowing.
The company also enjoys an AA- credit rating from S&P on a stable outlook.
Finally, shares could be discounted by a double-digit percentage from the
current $279 share price (as of September 6, 2024).
Concluding Thoughts:
Another month. Three more
excellent stocks that I plan to own for the long haul. I'm very pleased
to deploy capital at an approximately 50/50 split between growth stocks and
value stocks.
Discussion:
Are any of AMZN, EPD, and V on your watch list for next month?
If not, what stocks are you watching for October 2024?
Thank you for reading and please feel free to comment below!
Tuesday, September 3, 2024
Happy Labor Day Plus An Interesting Thought
Make Dividends Your Employee
Concluding Thoughts:
Discussion:
Tuesday, August 27, 2024
August 2024 Dividend Stock Purchases
Dividend Stock Purchase #1: Realty Income (O)
Dividend Stock Purchase #2: Visa (V)
Dividend Stock Purchase #3: WEC Energy Group (WEC)
Bonus Stock Purchase: Energy Transfer (ET)
Concluding Thoughts:
Discussion:
Tuesday, August 20, 2024
Expected Dividend Increases For September 2024
Actual Dividend Increases For August 2024
Dividend Increase #1: Iron Mountain (IRM)
Dividend Increase #2: Simon Property Group (SPG)
Dividend Freeze: Main Street Capital (MAIN)
Pending Dividend Increase: Altria Group (MO)
Update:
Expected Dividend Increases For September 2024
Expected Dividend Increase #1: Microsoft (MSFT)
Expected Dividend Increase #2: Realty Income (O)
Expected Dividend Increase #3: Philip Morris International (PM)
Expected Dividend Increase #4: Starbucks (SBUX)
Expected Dividend Increase #5: VICI Properties (VICI)
Expected Dividend Increase #6: Verizon Communications (VZ)
Concluding Thoughts:
Discussion:
Tuesday, August 13, 2024
September 2024 Dividend Stock Watch List
Dividend Stock #1: Meta Platforms (META)
Dividend Stock #2: Alphabet (GOOGL)
Dividend Stock #3: Enbridge (ENB)
Concluding Thoughts:
Discussion:
Tuesday, August 6, 2024
July 2024 Dividend Income
Net Dividend Income Topped $250
Concluding Thoughts:
Discussion:
Tuesday, July 30, 2024
July 2024 Dividend Growth Stock Purchases/Sales
As I'm writing this blog post, it's Friday, July 26. The temperature here in Central Wisconsin is expected to reach a high of 84 degrees Fahrenheit. But for the forecast of showers throughout the day, the weather would be perfect.
Now that the month of July is just days from its conclusion, I will highlight my dividend stock purchases/sales for the month.
Dividend Stock Purchase #1: Brookfield Asset Management (BAM)
My first dividend growth stock purchase for the month was 11 more shares of Brookfield Asset Management at an average price per share of $40.90. That boosted my net annual forward dividends by $16.72, which works out to a 3.72% net dividend yield.
Interested readers can find more info on my investment thesis from my July 2024 Dividend Stock Watch List blog post.
Dividend Stock Purchase #2: Mastercard (MA)
The next dividend growth stock that I purchased was an additional share of Mastercard at a cost of $438.65. This transaction increased my net annual forward dividends by $2.64, which is equivalent to a 0.6% dividend yield.
Readers can also find more insight into why I added to my stake in MA from the aforementioned July 2024 Dividend Stock Watch List blog post.
Dividend Stock Purchase #3: Essential Utilities (WTRG)
The third dividend growth stock purchase for the month was 11 shares of Essential Utilities at an average price per share of $40.38. That lifted my net annual forward dividends by $13.512, which equates to a 3.04% net dividend yield.
Curious readers can also find my the gist of my investment thesis in my blog post linked above.
Bonus Activity:
Dividend Stock Sales: Dominion Energy (D) and Tanger Inc. (SKT)
I closed my positions in both Dominion Energy and Tanger Inc. this month. Since dividend cuts from each of these holdings years ago, those dividends haven't yet been restored. So, I figured now was the time to finally cut them loose. These sales resulted in a $28.12 drop in my portfolio's net annual forward dividends.
Dividend Stock Purchase: British American Tobacco (BTI)
I redeployed my capital proceeds and most of my modest cash reserves in one of my taxable accounts to purchase 22 shares of British American Tobacco at a cost of $33.21 a share. This is another $64.90 in net annual forward dividends for my portfolio and works out to an 8.88% yield.
For curious readers, Dividend Sensei's Seeking Alpha article from May sums up my decision to up my BTI stake by nearly 50%.
Dividend Stock Purchase: Meta Platforms (META)
I also purchased a two-share starter position in Meta Platforms in my taxable account at an average cost per share of $505.49. This lifted my net annual forward dividends by $4, which is a 0.4% net dividend yield.
Interested readers can check out my investment thesis for META here.
Concluding Thoughts:
Besides the capital shuffling, the dividend growth stock purchases that I made with non-stock capital amounted to capital deployment of $2,343.71. These purchases added $36.872 to my portfolio's net annual forward dividends, which is a weighted-average net dividend yield of 1.57%. Capital redeployment added another $36.78 in net annual forward dividends to my portfolio.
Another $14.4926 increase in my net annual forward dividends came from dividend raises announced in July.
In total, my net annual forward dividend climbed from almost $4,770 heading into July to nearly $4,860 exiting the month.
Discussion:
How was your capital deployment for the month?
Did you close any positions or start any new ones in July 2024 as I did with D/SKT and META?
Thank you for your readership and I look forward to your comments!
Tuesday, July 23, 2024
Expected Dividend Increases For August 2024
As I'm writing this blog post, it is July 19th. The temperature is going to reach a high of 79 degrees Fahrenheit today, which is arguably perfect for this time of year.
Now that the month is mostly complete, I believe it is a good time to discuss the dividend hikes that I received. I'll also look ahead to the dividend raises that I believe are on tap for August 2024.
Actual Dividend Increases For July 2024
Dividend Increase #1: Cummins (CMI)
Cummins announced an 8.3% boost in its quarterly dividend per share to $1.82. This was slightly better than my expectation of a 7.1% raise in the quarterly dividend per share to $1.70 in the previous blog post of this series.
Across my five shares of CMI, my net annual forward dividends grew by $2.80 from this dividend announcement.
Dividend Increase #2: Duke Energy (DUK)
Duke Energy declared a 2% increase in its quarterly dividend per share to $1.045, which was in line with my prediction.
My net annual forward dividends rose by $0.48 across my six shares of DUK due to this dividend declaration.
Dividend Increase #3: Enterprise Products Partners (EPD)
Enterprise Products Partners announced a 1.9% raise in its quarterly distribution per unit to $0.525. That was a bit below my projection of a 2.9% increase in its quarterly distribution per unit to $0.53.
Across my 75 units of EPD, my net annual forward distributions surged by $3 from this distribution announcement.
Dividend Increase #4: NNN REIT (NNN)
NNN REIT declared a 2.7% bump in its quarterly dividend per share to $0.58, which was what I predicted.
My net annual forward dividends grew by $1.08 across my 18 shares of NNN due to this dividend declaration.
Dividend Increase #5: J.M. Smucker (SJM)
J.M. Smucker announced a 1.9% raise in its quarterly dividend per share to $1.08. This was below the 3.8% increase in the quarterly dividend per share to $1.10.
Across my three shares of SJM, my net annual forward dividends edged $0.24 higher from this dividend announcement.
Dividend Increase #6: Albemarle (ALB)
Albemarle declared a 1.3% increase in its quarterly dividend per share to $0.405. My net annual forward dividends grew by $0.16 across my eight shares of ALB due to this dividend declaration.
Dividend Increase #7: Union Pacific (UNP)
Union Pacific announced a 3.1% raise in its quarterly dividend per share to $1.34. Across my four shares of UNP, my net annual forward dividends rose by $0.64 from this dividend announcement.
Dividend Increase #8: Wells Fargo (WFC)
This month, Wells Fargo made its 14.3% hike in its quarterly dividend per share to $0.40 official. Across my eight shares of WFC, this lifted my net annual forward dividends by $1.60 due to this declaration.
Dividend Increase #9: BP plc (BP)
BP announced a 10% hike in its quarterly dividend per share to $0.48. My net annual forward dividends grew by $1.927 across my 10 shares of BP from this dividend announcement.
Dividend Increase #10: Clorox (CLX)
Clorox declared a 1.7% increase in its quarterly dividend per share to $1.22. Across my two shares of CLX, my net annual forward dividends edged higher by $0.16 due to this declaration.
Dividend Increase #11: Essential Utilities (WTRG)
Pending Dividend Increase: Energy Transfer (ET)
Energy Transfer has yet to up its quarterly distribution per unit. However, I'm reiterating my expectation for a 0.8% increase in the quarterly distribution per unit to $0.32.
My net annual forward distributions could grow by $0.86 across my 86 units of ET from such an announcement.
UPDATE:
ET announced a 0.8% increase in its quarterly distribution per unit to $0.32. Across my 86 units of ET, my net annual forward dividends grew by $0.86 due to this announcement.
Expected Dividend Increases For August 2024
Expected Dividend Increase #1: Iron Mountain (IRM)
The first dividend increase that I'm expecting for next month will be from Iron Mountain. My best guess is that IRM will announce a 6.2% raise in its quarterly dividend per share to $0.69.
Across my 21 shares of IRM, my net annual forward dividends would grow by $3.36 from such an announcement.
Expected Dividend Increase #2: Main Street Capital (MAIN)
The next dividend bump that I'm predicting in August is from Main Street Capital. I believe that MAIN will declare a 2% increase in its monthly dividend per share to $0.25.
My net annual forward dividends would increase by $1.80 across my 30 shares due to such a declaration.
Expected Dividend Increase #3: Altria Group (MO)
The third dividend raise that I'm projecting for next month will be from Altria Group. My hunch is that MO will announce a 4.1% hike in it quarterly dividend per share to $1.02.
Across my 24 shares of MO, my net annual forward dividends would soar by $3.84 from such an announcement.
Expected Dividend Increase #4: Simon Property Group (SPG)
The next dividend bump that I'm expecting for August is from Simon Property Group. I believe that SPG will declare a 2.5% increase in its quarterly dividend per share to $2.05.
Across my nine shares of SPG, my net annual forward dividends would grow by $1.80 due to such a declaration.
Concluding Thoughts:
Discussion:
How has your month been for dividend increases?
Did you receive any first-time dividend hikes this month?
Thanks for reading and please feel free to comment below!