As I'm writing this blog post on Friday, February 21st, it's going to reach a high of 25 degrees Fahrenheit here in Central Wisconsin. That's about what you'd expect for this time of the year. What makes it all the better is that we're on a warming trend and the high this weekend could reach 40 degrees.
Now that there's just a week remaining in the month, I'll go over the dividend raises that I've received thus far in February 2025. As the remaining raises that I'm expecting are announced in the coming days, I will also update this blog post accordingly. I'll also go over the dividend hikes that I'm predicting for March 2025.
Actual Dividend Increases for February 2025
Dividend Increase #1: Brookfield Asset Management (BAM)
Brookfield Asset Management announced a 15.1% hike in its quarterly dividend per share to $0.4375. This was better than the 13.2% boost to $0.43 that I predicted in the previous post of this series.
Across my 30 shares of BAM, my net annual forward dividends soared by $6.90 due to this announcement.
Dividend Increase #2: Genuine Parts Company (GPC)
Genuine Parts Company upped its quarterly dividend per share by 3% to $1.03. My net annual forward dividends grew by $0.72 across my six shares of GPC.
Dividend Increase #3: Meta Platforms (META)
Meta Platforms declared a 5% increase in its quarterly dividend per share to $0.525 - - this came a few weeks earlier than I expected. Overall, I was leaning more toward a 10% raise in the payout. However, I can't argue with META's conservatism with its raise. The company boasts superb returns on capital, so I'm completely fine with modest raises for the foreseeable future.
My net annual forward dividends rose by $0.50 across my five shares of META from this declaration.
Dividend Increase #4: NextEra Energy (NEE)
NextEra Energy announced a 10% boost in its quarterly dividend per share to $0.5665. This was just above the 9.7% increase to $0.565 that I anticipated.
Across my 18 shares of NEE, my net annual forward dividends rose by $3.708 due to this announcement.
Dividend Increase #5: Realty Income (O)
Realty Income upped its monthly dividend per share by 1.5% to $0.2680. That boosted my net annual forward dividends by $5.424 across my 13 shares of O.
Dividend Increase #6: PepsiCo (PEP)
PepsiCo declared a 5% increase in its quarterly dividend per share to $1.4225. That came in a bit below my expectation of a 6.3% raise in the quarterly dividend per share to $1.44. A company doesn't become and stay a Dividend King by overextending itself with unsustainable dividend raises. So, I appreciate the more cautious raise from PEP in what will likely be a 2025 with more modest growth.
My net annual forward dividends grew by $4.59 across my 17 shares of PEP from this declaration.
Dividend Increase #7: Prudential Financial (PRU)
Prudential Financial announced a 3.8% raise in its quarterly dividend per share to $1.35. This was slightly less than the 4.6% increase to $1.36 that I predicted.
Across my 10 shares of PRU, my net annual forward dividends increased by $2.00 due to this announcement.
Dividend Increase #8: Rexford Industrial (REXR)
Rexford Industrial declared a 3% increase in its quarterly dividend per share to $0.43.
My net annual forward dividends were lifted by $1.50 from this declaration across my 30 shares of REXR from this declaration.
Dividend Increase #9: T. Rowe Price Group (TROW)
T. Rowe Price Group announced a 2.4% increase in its quarterly dividend per share to $1.27.
Across my six shares of TROW, my net annual forward dividends rose by $0.72 due to this announcement.
Dividend Increase #10: Tractor Supply (TSCO)
Tractor Supply declared a 4.5% raise in its quarterly dividend per share to $0.23. This was less than the 9.1% increase to $0.24 that I anticipated.
My net annual forward dividends increased by $1.00 across my 25 shares of TSCO from this declaration.
Dividend Increase #11: United Parcel Service (UPS)
United Parcel Service announced a 0.6% increase in its quarterly dividend per share to $1.64.
Across my five shares of UPS, my net annual forward dividends edged $0.20 higher due to this announcement.
Pending Dividend Increase #1: Allstate (ALL)
Allstate has yet to declare a dividend hike. However, I'm sticking with my forecast of a 5.4% raise in the quarterly dividend per share to $0.97.
My net annual forward dividends would grow by $1.00 across my five shares of ALL from such a declaration.
Pending Dividend Increase #2: The Home Depot (HD)
The Home Depot also has yet to announce a dividend boost. I still believe that HD will up the quarterly dividend per share by 7.6% to $2.42.
Across my five shares of HD, my net annual forward dividends would rise by $3.40 due to such an announcement.
Pending Dividend Increase #3: L3Harris Technologies (LHX)
L3Harris Technologies hasn't yet declared a dividend raise. I continue to think that LHX will increase the quarterly dividend per share by 7.8% to $1.25.
My net annual forward dividends would edge $1.44 higher across my four shares of LHX from such a declaration.
Expected Dividend Increases for March 2025
Expected Dividend Increase #1: General Dynamics (GD)
The first dividend raise that I'm expecting for next month will come from General Dynamics. I believe that GD will announce a 6.3% increase in its quarterly dividend per share to $1.51.
Across my six shares of GD, my net annual forward dividends would grow by $2.16 from such an announcement.
Expected Dividend Increase #2: Realty Income (O)
The next dividend increase that I'm predicting for March will be from Realty Income. My best guess is that O will declare a 0.2% increase in the monthly dividend per share to $0.2685.
My net annual forward dividends would rise by $0.678 across my 113 shares due to such a declaration.
Expected Dividend Increase #3: TJX Companies (TJX)
The third dividend hike that I'm projecting for next month will come from TJX Companies. My guess is that TJX will boost its quarterly dividend per share by 9.3% to $0.41.
Across my 11 shares of TJX, my net annual forward dividends would increase by $1.54 from such an announcement.
Expected Dividend Increase #4: Williams-Sonoma (WSM)
The final dividend raise that I'm expecting for March will be from Williams-Sonoma. I believe WSM will declare an 8.8% increase in its quarterly dividend per share to $0.62.
My net annual forward dividends would grow by $2.00 across my 10 shares of WSM due to such a declaration.
Concluding Thoughts:
The 11 dividend raises that I have received thus far in February 2025 have boosted my net annual forward dividends by $27.262. That's like investing $908.73 at a 3% net dividend yield.
If the four raises that I'm projecting in March materialize, my net annual forward dividends would grow by $6.378. This would equate to investing $212.60 of fresh capital at a 3% dividend yield.
Discussion:
How was your February 2025 for dividend raises?
Did you receive any first-time raises as I did with REXR?
I appreciate your readership and look forward to your comments below!
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