March 2025 Dividend Stock Purchases

As I'm writing this blog post, it's Friday, March 29th. The high temperature is going to reach 47 degrees Fahrenheit today here in Central Wisconsin. However, there is rain and sleet in the forecast as well. Needless to say, I'm not going to be outside much if at all today.

With the month just about complete, I'll be taking a moment to go over my dividend stock purchases in March 2025. Without further ado, let's jump into it!

Dividend Stock Purchase #1: Alphabet (GOOGL)

The first stock that I purchased in March 2025 was another four shares of Alphabet at an average price of $161.46 a share. Interested readers can find my buying rationale in my March 2025 Dividend Stock Watch List blog post. This transaction added $3.20 to my net annual forward dividends, which equates to a 0.50% net dividend yield.

Dividend Stock Purchase #2: Realty Income (O)

The next stock that I bought during the month was another 15 shares of Realty Income at an average cost per share of $56.36. The gist of my investment thesis can be found in my March 2025 Dividend Stock Watch List blog post linked above. This purchase raised my net annual forward dividends by $48.24, which works out to a 5.71% net dividend yield.

Dividend Stock Purchase #3: UnitedHealth Group (UNH)

The third stock that I purchased in March 2025 was an additional share of UnitedHealth Group at an average price of $482.98 a share. Again, my investment thesis can be perused in my March 2025 Dividend Stock Watch List blog post linked earlier. This transaction lifted my net annual forward dividends by $8.40, which is equivalent to a 1.74% net dividend yield.

Concluding Thoughts:

I deployed $1,974.27 in fresh capital to dividend stock purchases in March 2025. Against the $59.84 in net dividends that were added from these buys, this is a weighted average net dividend yield of 3.03%.

My net annual forward dividends were also lifted by $11.808 across five dividend raises in March 2025. These factors raised my net annual forward dividends from about $5,690 at the start of the month to just over $5,765 to close out the month.

Discussion:

How was your capital deployment in March 2025?

Did you start any new positions during the month?

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

Expected Dividend Increases For April 2025

As I'm writing this blog post, it's Friday, March 22nd. The temperature here in Central Wisconsin is expected to reach a high of 49 degrees Fahrenheit. It's also expected to be an overall sunny day, so I definitely expect to get outside a bit later today.

Now that I have received all of the dividend raises that I was anticipating for the month, I'll be going over the dividend raises for March 2025. I will also be looking ahead to the dividend boosts that I'm predicting for next month.

Actual Dividend Increases for March 2025

Dividend Increase #1: American Tower (AMT)

American Tower announced a 4.9% increase in its quarterly dividend per share to $1.70. Across my six shares of AMT, my net annual forward dividends grew by $1.92 due to this announcement.

Dividend Increase #2: General Dynamics (GD)

General Dynamics declared a 5.6% boost in its quarterly dividend per share to $1.50. This was just below my expectation of a 6.3% raise in the quarterly dividend per share to $1.51.

My net annual forward dividends increased by $1.92 across my six shares of GD from this dividend declaration.

Dividend Increase #3: JPMorgan Chase & Co. (JPM)

JPMorgan Chase announced a 12% hike in its quarterly dividend per share to $1.40. Across my six shares of JPM, my net annual forward dividends climbed higher by $3.60 due to this announcement.

Dividend Increase #4: Realty Income (O)

As expected, Realty Income declared a 0.2% bump in its monthly dividend per share to $0.2685.

My net annual forward dividends grew by $0.768 across my 128 shares of O from this dividend declaration.

Dividend Increase #5: Williams-Sonoma (WSM)

Williams-Sonoma announced a 15.8% hike in its quarterly dividend per share to $0.66. This was well above the 8.8% raise to $0.62 that I was predicting. It seems like every dividend raise that I receive from this company is more than I anticipate, so I'm very glad to continue owning it!

Across my 10 shares of WSM, my net annual forward dividends surged $3.60 due to this dividend announcement.

Expected Dividend Increases for April 2025

Expected Dividend Increase #1: Agree Realty (ADC)

The first dividend raise that I'm expecting in April 2025 will come from Agree Realty. I believe that ADC will declare a 1.6% increase in its monthly dividend per share to $0.257 (keep in mind ADC tends to raise its dividend in both April and October).

Across my 20 shares of ADC, my net annual forward dividends would grow by $0.96 from such a dividend declaration.

Expected Distribution Increase #2: Energy Transfer (ET)

The next distribution increase that I'm predicting for next month will be from Energy Transfer. My guess is that ET will announce a 0.8% increase in its quarterly distribution per unit to $0.3275.

My net annual forward dividends would rise by $1.83 across my 183 units of ET due to such a distribution announcement.

Expected Dividend Increase #3: Alphabet (GOOGL)

The third dividend boost that I'm anticipating in April 2025 will come from Alphabet. My best guess is that GOOGL will declare a 10% increase in its quarterly dividend per share to $0.22.

Across my 42 shares of GOOGL, my net annual forward dividends would be lifted $3.36 higher from such a declaration.

Expected Dividend Increase #4: Johnson & Johnson (JNJ)

The next dividend raise that I'm expecting for next month will be from Johnson & Johnson. I believe that JNJ will announce a 5.6% increase in its quarterly dividend per share to $1.31.

My net annual forward dividends would rise by $1.40 across my five shares of JNJ due to such an announcement.

Expected Dividend Increase #5: RTX Corporation (RTX)

The fifth dividend boost that I'm predicting in April 2025 will come from RTX Corporation. My guess is that RTX will declare a 6.3% increase in its quarterly dividend per share to $0.67.

Across my 12 shares of RTX, my net annual forward dividends would grow by $1.92 from such a declaration.

Expected Dividend Increase #6: Southern Company (SO)

The final dividend raise that I'm anticipating for next month will be from Southern Company. My best guess is that SO will announce a 2.8% increase in its quarterly dividend per share to $0.74.

My net annual forward dividends would edge $0.40 higher across my five shares of SO due to such an announcement.

Concluding Thoughts:

The five dividend raises that I received in March 2025 raised my net annual forward dividends by $11.808. This would be equivalent to investing $393.60 at a 3% net dividend yield.

If the six raises that I'm expecting in April pan out, my net annual forward dividends would increase by $9.87. That would be like investing $329.00 at a 3% dividend yield.

Discussion:

How was your March 2025 for dividend announcement activity?

Did you receive any first-time dividend boosts during the month?

Thanks for reading and please feel free to comment below!

April 2025 Stock Watch List

As I'm writing this blog post, it's currently Friday, March 14th. The temperature here in Central Wisconsin is set to reach a high of 70 degrees Fahrenheit later today. This weather front is also expected to come with rain stretching into the weekend.

Now that March is nearly half complete, I'll be taking a moment to go over the top stocks on my watch list for April 2025.

Stock #1: Brookfield Asset Management (BAM)

The first stock up on my watch list for next month is Brookfield Asset Management. I would argue that my investment thesis is intact from the last time that I covered BAM in my July 2024 Dividend Stock Watch List blog post. So, I would refer interested readers to that blog post for more details.

BAM remains a top-notch competitor in the booming alternative asset management industry. As of December 31st, 2024, the company had $1.8 billion of liquidity on the balance sheet compared to no long-term debt. Due to a very capex-light business model, BAM's 3.7% dividend yield is fairly secure. The stock also could be moderately undervalued from the current $47 share price (as of March 14th, 2025).

Stock #2: Enterprise Products Partners (EPD)

Next up on my watch list for April 2025 is Enterprise Products Partners. In the six months that have passed since I covered it in my October 2024 Stock Watch List blog post, EPD's investment thesis looks to be holding up.

As of my Seeking Alpha article last month, the midstream operator had approximately $7.6 billion in major capital projects that were under development. These projects should continue to keep key metrics like adjusted EBITDA, distributable cash flow, and operating cash flow moving higher in the years ahead. EPD's leverage ratio of 3.1x was also firmly within its targeted range of between 2.75x and 3.25x. That supports the A-rated balance sheet. On top of these factors, EPD's units look to be worth every bit of $38 each. That would imply a decent discount from the current $34 unit price (as of March 14th, 2025).

Stock #3: Nvidia (NVDA)

The third and final stock on my watch list for next month is Nvidia. Since my January 2025 Stock Watch List blog post, the investment thesis for NVDA has arguably proven itself with the latest data.

While it didn't beat by as wide of a margin in the past, it still did manage to beat expectations in Q4. Significantly higher spending from its hyperscaler customers in 2025 also means that NVDA will have more plenty of demand for the foreseeable future. The company's AA-rated balance sheet also makes it a financial fortress. Best of all, shares are trading at approximately 24x current-year analyst EPS consensus. That makes NVDA an interesting pick from the current $108 share price (as of March 14th, 2025).

Concluding Thoughts:

There we have it. Another month. Three more stocks that I believe are world-class. Overall, I believe the trio does a nice job of balancing income, growth, and value. This will also keep me right around my targeted dividend yield of 3%.

Discussion:

Are any of BAM, EPD, or NVDA on your watch list for April 2025?

If not, what are you keeping on your radar for next month?

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

February 2025 Dividend Income

As I'm writing this blog post, it's currently Monday, March 10th. The temperature here in Central Wisconsin is set to reach a high of 68 degrees Fahrenheit today. Unfortunately, I have been mostly unable to enjoy this nice weather as I have had a bacterial sinus infection for the last week and counting. The good news is that I believe my 10-day course of antibiotics (began on March 8th) will soon get me on the road to recovery.

Now that the month of February 2025 is complete, I figure it's a good time to briefly look back on my net dividend income for the month.

Net Dividends Surpassed $500 For The Month

In February 2025, I collected $516.48 in net dividends (including ADR fees for British American Tobacco). That works out to a 15% quarterly growth rate versus the $449.18 in net dividends that I received in November 2024.

My net dividends collected in February were also 46.8% higher versus the $351.91 in net dividends posted in February 2024.

In my Charles Schwab portfolio, I received $486.46 in net dividends from 24 companies. Sales of CVS Health (CVS), Texas Instruments (TXN), and STAG Industrial (STAG) in previous months were more than offset by purchases of more Enterprise Products Partners (EPD) and Energy Transfer (ET).

Moving to my Webull account, I collected $15.75 in net dividends from three companies.

Lastly, I received $14.27 in net dividends from three companies in my Fidelity IRA portfolio. The sale of Starbucks (SBUX) stock in January reduced this amount.

Concluding Thoughts:

That's all for now. Overall, I was pleased to make more progress in building up the dividend growth portfolio during the month. Have a safe, healthy, and joyous rest of your week!

Discussion:

How was your dividend income in February 2025?

Did you receive any first-time dividends during the month?

Thanks for reading and I welcome your comments below!