As I'm writing this blog post, it's currently Friday, December 13th. The temperature here in Central Wisconsin is expected to reach a high of just 16 degrees Fahrenheit. So, it's safe to say that even though winter is about a week away, it's already here for all intents and purposes.
Today, I'll be going over the dividend boosts that I have received thus far in December. As pending dividend increases are announced, I will also update this blog post. I'll also look ahead to the payout hikes that I'm expecting for January 2025.
Actual Dividend Increases for December 2024
Dividend Increase #1: Aflac (AFL)
Aflac announced a 16% hike in its quarterly dividend per share to $0.58. That was above my expectations of a 6% increase to $0.53.
Across my 11 shares of AFL, my net annual forward dividends rose by $3.52 from this dividend announcement.
Dividend Increase #2: Abbott Laboratories (ABT)
Dividend Increase #3: Amgen (AMGN)
AMGN announced a 5.8% increase in its quarterly dividend per share to $2.38. This was just below my prediction of a 6.2% increase to $2.39. Across my six shares, my net annual forward dividends rose by $3.12 from this announcement.
Dividend Increase #4: Broadcom (AVGO)
As expected, AVGO hiked its quarterly dividend per share by 11.3% to $0.59. This lifted my net annual forward dividends by $9.60 across my 40 shares of AVGO.
Dividend Increase #5: Bristol Myers Squibb (BMY)
BMY announced a 3.3% increase in its quarterly dividend per share to $0.62. That came up short of the 5% increase to $0.63 that I expected. Across my 22 shares of BMY, my net annual forward dividends grew by $1.76 from this announcement.
Dividend Increase #6: Realty Income (O)
As I anticipated, O announced a 0.2% increase in its monthly dividend per share to $0.2640. Across my 63 shares, my net annual forward dividends rose by $0.378 from this announcement.
Dividend Increase #7: Pfizer (PFE)
As I predicted, PFE declared a 2.4% raise in its quarterly dividend per share to $0.43. My net annual forward dividends increased by $1.04 across my 26 shares.
Dividend Freeze: Innovative Industrial Properties (IIPR)
IIPR opted to keep its quarterly dividend per share steady at $1.90.
Pending Dividend Increase #1: CVS Health (CVS)
CVS Health has yet to declare a dividend hike thus far. My prediction is still that the quarterly dividend per share will be raised by 6% to $0.705.
My net annual forward dividends would grow by $2.40 across my 15 shares of CVS due to such a declaration.
Dividend Increase #8: Mastercard (MA)
Mastercard hiked its quarterly dividend per share by 15.2% to $0.76. This beat my expectations of a 13.6% boost to $0.75.
Across my five shares of MA, my net annual forward dividends rose by $2.
Expected Dividend Increases for January 2025
Expected Dividend Increase #1: BlackRock (BLK)
The first raise that I'm expecting for next month will come from BlackRock. My belief is that BLK will up its quarterly dividend per share by 5.9% to $5.40.
Across my two shares of BLK, my net annual forward dividends would rise by $2.40 from such an announcement.
Expected Dividend Increase #2: Alliant Energy (LNT)
The next raise that I'm predicting for January will be from Alliant Energy. I suspect that LNT will declare a 6.3% hike in its quarterly dividend per share to $0.51.
My net annual forward dividends would increase by $1.56 across my 13 shares of LNT due to such a declaration.
Expected Dividend Increase #3: ONEOK (OKE)
The third raise that I'm projecting for next month will come from ONEOK. I believe OKE will announce a 5.1% increase in its quarterly dividend per share to $1.04.
Across my 34 shares of OKE, my net annual forward dividends would rise by $6.80 from such an announcement.
Expected Dividend Increase #4: Air Products & Chemicals (APD)
The next raise that I'm expecting for January will be from Air Products & Chemicals. My belief is that APD will declare a 4.5% increase in its quarterly dividend per share to $1.85.
My net annual forward dividends would increase by $1.60 across my five shares of APD due to such a declaration.
Expected Dividend Increase #5: Comcast (CMCSA)
The fifth raise that I'm predicting for next month will come from Comcast. I suspect that CMCSA will raise its quarterly dividend per share by 6.5% to $0.33.
Across my 39 shares of CMCSA, my net annual forward dividends would grow by $3.12 from such an announcement.
Expected Distribution Increase #6: Energy Transfer (ET)
The next raise that I'm projecting for January will be from Energy Transfer. I believe that ET will declare a 0.8% increase in its quarterly distribution per unit to $0.325.
My net annual forward distributions would rise by $1.83 across my 183 units of ET due to such a declaration.
Expected Distribution Increase #7: Enterprise Products Partners (EPD)
The seventh raise that I'm expecting for next month will come from Enterprise Products Partners. My belief is that EPD will increase its quarterly distribution per unit by 2.9% to $0.54.
Across my 109 units of EPD, my net annual forward distributions would soar by $6.54 from such an announcement.
Expected Dividend Increase #8: T. Rowe Price Group (TROW)
The next raise that I'm predicting for January will be from T. Rowe Price Group. I suspect that TROW will declare a 1.6% increase in its quarterly dividend per share to $1.26.
My net annual forward dividends would edge $0.48 higher across my six shares of TROW due to such a declaration.
Expected Dividend Increase #9: WEC Energy Group (WEC)
The ninth raise that I'm projecting for next month will come from WEC Energy Group. The company has already announced its intent to hike its quarterly dividend per share by 6.9% to $0.8925.
Across my 25 shares of WEC, my net annual forward dividends would grow by $5.75 once the raise is made official.
Concluding Thoughts:
I'm awaiting one raise yet this month. If they play out as anticipated, my net annual forward dividends would rise by $24.778. That would be equivalent to investing $825.93 at a 3% net dividend yield.
If the nine dividend increases that I'm expecting for January materialize, my net annual forward dividends would rise by $30.08. This would be like investing $1,002.67 at a 3% dividend yield.
Discussion:
How was your January 2025 for dividend hikes?
Did you receive any first-time payout increases for the month?
Thanks for your readership and please feel free to comment below!
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