Expected Dividend Increases For May 2025

As I'm writing this blog post, it's Good Friday, April 18th. The temperature here in Central Wisconsin is expected to reach a high of 60 degrees Fahrenheit later today. Though, rain is in the forecast throughout the day. Overall, I'm still stoked that it's Easter weekend!

With that out of the way, the month of April is less than two weeks away from its conclusion. I'll take a look at the dividend raises received thus far. I will also look ahead to the raises that I believe are on tap for May 2025. Let's jump into it!

Actual Dividend Increases for April 2025

Dividend Increase #1: Agree Realty (ADC)

Agree Realty announced a 1.2% increase in its monthly dividend per share to $0.256. This was slightly below my expectation of a 1.7% increase in the monthly dividend per share to $0.257.

Across my 20 shares of ADC, my net annual forward dividends grew by $0.72 due to this announcement.

Dividend Increase #2: Johnson & Johnson (JNJ)

Johnson & Johnson declared a 4.8% raise in its quarterly dividend per share to $1.30. That was just below my prediction of a 5.6% lift in the quarterly dividend per share to $1.31.

My net annual forward dividends increased by $1.20 as a result of this dividend declaration.

Pending Distribution Increase #1: Energy Transfer (ET)

Energy Transfer has yet to announce its next quarterly distribution per unit. However, I'm sticking by my projection of a 0.8% bump in the quarterly distribution per unit to $0.3275.

Across my 183 units of ET, my net annual forward distributions would grow by $1.83 due to such an announcement.

Pending Dividend Increase #2: Alphabet (GOOGL)

Alphabet hasn't declared its next quarterly dividend per share. Since it has been four quarters of the same dividend, I'm reaffirming my expectation of a 10% boost in the quarterly dividend per share to $0.22.

My net annual forward dividends would surge $3.36 higher across my 42 shares of GOOGL from such a declaration.

Pending Dividend Increase #3: RTX Corporation (RTX)

RTX Corporation also hasn't yet announced its next quarterly dividend per share. Even so, I'm reiterating my prediction of a 6.3% raise in the quarterly dividend per share to $0.67.

Across my 12 shares of RTX, my net annual forward dividends would rise by $1.92 due to such an announcement.

Expected Dividend Increases for May 2025

Expected Dividend Increase #1: American Water Works (AWK)

The first dividend hike that I'm expecting in May 2025 will be from American Water Works. My best guess is that AWK will declare a 7.8% raise in its quarterly dividend per share to $0.825.

My net annual forward dividends would grow by $1.92 across my eight shares of AWK from such a declaration.

Expected Dividend Increase #2: Main Street Capital (MAIN)

The next dividend raise that I'm predicting for next month will come from Main Street Capital. I believe that MAIN will announce a 2% increase in its monthly dividend per share to $0.255.

Across my 30 shares of MAIN, my net annual forward dividends would rise by $1.80 due to such an announcement.

Expected Dividend Increase #3: Lowe's Companies (LOW)

The third dividend increase that I'm projecting in May 2025 will be from Lowe's Companies. My guess is that LOW will declare a 4.3% raise in its quarterly dividend per share to $1.20.

My net annual forward dividends would grow by $2 across my 10 shares of LOW from such a declaration.

Expected Dividend Increase #4: Medtronic (MDT)

The final dividend raise that I'm expecting for next month will come from Medtronic. My best guess is that MDT will announce a 1.4% increase in its quarterly dividend per share to $0.71.

Across my 13 shares of MDT, my net annual forward dividends would grow by $0.52 due to such an announcement.

Concluding Thoughts:

The two raises that I have received thus far in April have increased my net annual forward dividends by $1.92. As the other raises are announced, I'll update this blog post.

If the four raises that I'm anticipating in May play out as expected, my net annual forward dividends would grow by $6.24.

Discussion:

How was your April 2025 for dividend hikes?

Did you receive any first-time payout boosts as I expect with GOOGL?

I appreciate your readership and look forward to your comments below!