As I'm writing this blog post on Saturday, January 25th, the high temperature is expected to reach 31 degrees Fahrenheit here in Central Wisconsin. I'll gladly take that temperature for this time of the year.
Now that the month is almost over, it's a great time to look at the dividend raises that I have received thus far. I'll also update the dividend boosts that I haven't yet received as they are announced and preview the dividend hikes that I'm anticipating for February 2025.
Actual Dividend Increases for January 2025
Dividend Increase #1: Air Products & Chemicals (APD)
Air Products & Chemicals announced a 1.1% increase in its quarterly dividend per share to $1.79. That came in below my expectations outlined in this series' previous blog post of a 4.5% raise in the quarterly dividend per share to $1.85. However, I'm fine with a muted dividend raise as APD invests heavily in its capex because I'm confident the company can keep earning high returns on capital employed.
Across my five shares, my net annual forward dividends rose by $0.40 due to this announcement.
Dividend Increase #2: Enterprise Products Partners (EPD)
Enterprise Products Partners declared a 1.9% bump in its quarterly distribution per unit to $0.535. This was less than my expectation of a 2.9% raise in the quarterly distribution per unit to $0.54. Overall, I'm still happy with this raise. We'll also see how the raise anticipated for this summer plays out.
My net annual forward distributions rose by $8.00 across my 200 units of EPD from this declaration.
Dividend Increase #3: Alliant Energy (LNT)
Alliant Energy announced a 5.7% increase in its quarterly dividend per share to $0.5075. That came in a bit less than the 6.3% raise to $0.51.
Across my 13 shares of LNT, my net annual forward dividends rose by $1.43 due to this announcement.
Dividend Increase #4: WEC Energy Group (WEC)
As was conveyed in December, WEC Energy Group made its 6.9% hike in its quarterly dividend per share to $0.8925 official this month with its declaration.
My net annual forward dividends surged $5.75 across my 23 shares of WEC from this declaration.
Pending Dividend Increase #1: BlackRock (BLK)
BlackRock has yet to announce its dividend increase. However, I'm standing by my prediction of a 5.9% raise in the quarterly dividend per share to $5.40.
Across my two shares of BLK, my net annual forward dividends would grow by $2.40 due to such an announcement.
Pending Dividend Increase #2: Comcast (CMCSA)
Comcast also hasn't declared its dividend raise yet. I'll also be reiterating my projection of a 6.5% boost in the quarterly dividend per share to $0.33.
My net annual forward dividends would rise by $3.12 across my 39 shares of CMCSA from such a declaration.
Pending Dividend Increase #3: Energy Transfer (ET)
Energy Transfer has yet to announce an increase to its distribution. I remain convinced that the partnership will up the quarterly distribution per unit by 0.8% to $0.325.
Across my 183 units of ET, my net annual forward dividends would increase by $1.83 due to such an announcement.
Expected Dividend Increases for February 2025
Expected Dividend Increase #1: The Allstate Corporation (ALL)
The first dividend raise I'm expecting for next month will be from Allstate. My guess is that ALL will announce a 5.4% increase in its quarterly dividend per share to $0.97.
Across my five shares of ALL, my net annual forward dividends would grow by $1.00 due to such an announcement.
Expected Dividend Increase #2: Brookfield Asset Management (BAM)
The next raise that I'm predicting in February will come from Brookfield Asset Management. I believe that BAM will declare a 13.2% hike in its quarterly dividend per share to $0.43.
My net annual forward dividends would rise by $6.00 across my 30 shares of BAM from such a declaration.
Expected Dividend Increase #3: The Home Depot (HD)
The third dividend boost that I'm projecting for next month will be from The Home Depot. My best guess is that HD will announce a 7.6% lift in its quarterly dividend per share to $2.42.
Across my five shares of HD, my net annual forward dividends would climb by $3.40 due to such an announcement.
Expected Dividend Increase #4: L3Harris Technologies (LHX)
The next raise that I'm expecting in February will come from L3Harris Technologies. My guess is that LHX will declare a 7.8% increase in its quarterly dividend per share to $1.25.
My net annual forward dividends would rise by $1.44 across my four shares of LHX from such a declaration.
Expected Dividend Increase #5: NextEra Energy (NEE)
The fifth dividend hike that I'm predicting for next month will be from NextEra Energy. I believe that NEE will announce a 9.7% boost in its quarterly dividend per share to $0.565.
Across my 18 shares of NEE, my net annual forward dividends would surge by $3.60 due to such an announcement.
Expected Dividend Increase #6: PepsiCo (PEP)
The next dividend raise that I'm projecting in February will come from PepsiCo. My best guess is that PEP will declare a 6.3% lift in its quarterly dividend per share to $1.44.
My net annual forward dividends would be boosted by $5.78 across my 17 shares of PEP from such a declaration.
Expected Dividend Increase #7: Prudential Financial (PRU)
The seventh dividend increase that I'm expecting for next month will be from Prudential Financial. My guess is that PRU will break from the usual $0.05 raises and announce a 4.6% raise in its quarterly dividend per share to $1.36 (a $0.06 raise).
Across my 10 shares of PRU, my net annual forward dividends would be lifted by $2.40 due to such an announcement.
Expected Dividend Increase #8: Tractor Supply (TSCO)
The final dividend hike that I'm predicting in February will come from Tractor Supply. I believe that TSCO will declare a 9.1% increase in its quarterly dividend per share to $0.24.
My net annual forward dividends would grow by $2.00 across my 25 shares of TSCO from such a declaration.
Concluding Thoughts:
The four dividend raises that I've received thus far in January 2025 have lifted my net annual forward dividends by $15.58. That's equivalent to investing $519.33 at a 3% net dividend yield.
If the eight dividend raises that I'm expecting in February play out as expected, my net annual forward dividends would grow by $25.62. That would be like investing $854.00 in fresh capital at a 3% dividend yield.
Discussion:
How was your February 2025 for dividend boosts?
Did you benefit from any first-time payout raises during the month?
Thanks for reading and I welcome your comments below!
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