Expected Dividend Increases for May 2026

As I'm writing this blog post, it's currently Tuesday, April 14th. The temperature here in Central Wisconsin is going to reach a high of 72 degrees Fahrenheit later today, with thunderstorms in the forecast this afternoon.

Today, I'm going to be taking a moment to go over the dividend raise that I have received thus far in April 2026 (I'll update the others as they are announced). Also, I'll be looking ahead to dividend raises that I'm anticipating for next month. Without further ado, let's dive into it!

Actual Dividend Increases for April 2026

Dividend Increase: Agree Realty (ADC)

Agree Realty announce a 1.9% increase in its monthly dividend per share to $0.267. This was just below my expectation of a 2.3% raise to $0.268. Still, I'll gladly take it!

Across my 20 shares of ADC, my net annual forward dividends grew by $1.20 due to this dividend announcement.

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

American Water Works hasn't declared its next dividend. Still, I predict that a 7.6% boost in the payout per share to $0.89 is in the works.

My net annual forward dividends would grow by $2 across my eight shares of AWK from such a dividend declaration.

Pending Distribution Increase #2: Energy Transfer (ET)

Energy Transfer has yet to announce its next distribution. Even so, I'm maintaining my projection of a 0.7% increase in the quarterly distribution per unit to $0.3375.

Across my 207 units of ET, my net annual forward distributions would grow by $2.07 due to such a distribution announcement.

Pending Dividend Increase #3: Alphabet (GOOGL)

Alphabet hasn't raised its dividend yet either. I continue to think that it will declare a 4.8% bump in its quarterly dividend per share to $0.22.

My net annual forward dividends would rise by $1.72 across my 43 shares of GOOGL from such a dividend declaration.

Expected Dividend Increases for May 2026

Expected Dividend Increase #1: Lowe's Companies (LOW)

The first dividend raise that I'm anticipating for May 2026 will come from Lowe's Companies. I believe that LOW will announce a 4% increase in its quarterly dividend per share to $1.25.

Across my 10 shares of LOW, my net annual forward dividends would grow by $2 due to such a dividend announcement.

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

The next dividend increase that I'm predicting for next month will be from Main Street Capital. My guess is that MAIN will declare a 1.9% increase in its monthly dividend per share to $0.2650.

My net annual forward dividends would rise by $1.80 across my 30 shares from such a dividend declaration.

Expected Dividend Increase #3: Medtronic (MDT)

The third dividend raise that I'm projecting for May 2026 will come from Medtronic. My best guess is that MDT will announce a 5.6% increase in its quarterly dividend per share to $0.75.

Across my 13 shares of MDT, my net annual forward dividends would grow by $2.08 due to such a dividend announcement.

Expected Dividend Increase #4: RTX Corporation (RTX)

The final dividend boost that I'm anticipating for next month will be from RTX Corporation. I believe that RTX will declare an 8.8% raise in its quarterly dividend per share to $0.74.

My net annual forward dividends would rise by $2.88 across my 12 shares of RTX from such a dividend declaration.

Concluding Thoughts:

If my remaining raises play out as anticipated in April, my net annual forward dividends will have grown by $6.99. This would be like investing $233 at a 3% net dividend yield.

If my expected dividend increases for May 2026 materialize, my net dividends would grow by $8.76. This would be equivalent to investing $292 at a 3% yield.

Discussion:

How has your April 2026 been for payout increases?

Did you receive any first-time dividend raises in the month?

Thanks for your readership and please feel free to leave your comments below!

March 2026 Stock Purchases

As I'm writing this blog post, it's Saturday, April 4th. It's Easter weekend, but it doesn't feel like it here in Central Wisconsin. The high temperature is set to reach just 42 degrees Fahrenheit today (10+ degrees below the average for this time of year). At any rate, I'm still thrilled that it's Easter weekend.

With that aside, I will be highlighting my stock purchases in March 2026. Let's get into it!

Stock Purchase #1: Automatic Data Processing (ADP)

The first stock purchase that I completed in March 2026 was an additional three shares of Automatic Data Processing at an average price per share of $215.71. In my March 2026 Stock Watch List blog post, I laid out the rationale for why I've been adding ADP lately. The $20.40 boost in my net annual forward dividends is equivalent to a 3.15% net dividend yield.

Stock Purchase #2: Amazon.com (AMZN)

I also purchased another four shares of Amazon.com last month at an average cost of $203.92 per share. Readers can peruse my March 2026 Stock Watch List blog post linked above for my investment thesis.

Stock Purchase #3: Microsoft (MSFT)

The third stock purchase that I executed in March 2026 was an additional two shares of Microsoft at an average price per share of $396.17. Curious readers can find my investment thesis in my March 2026 Stock Watch List blog post linked earlier. The $7.28 in net annual forward dividends added from this transaction works out to a 0.92% dividend yield.

Stock Purchase #4: Western Midstream Partners (WES)

I also added another 22 units of Western Midstream Partners at an average cost of $41.49 a unit. Once again, I outlined my investment thesis in the March 2026 Stock Watch List blog post earlier. That lifted my net annual forward distributions by $81.84, which equates to an 8.97% net distribution yield.

Stock Purchase #5: VICI Properties (VICI)

The fifth stock purchase that I executed in March 2026 was three more shares of VICI Properties at an average price of $27.05 per share. I would refer interested readers to my April 2026 Stock Watch List blog post for my investment thesis for the net lease REIT. This added $5.40 to my net annual forward dividends, which is equivalent to a 6.65% net dividend yield.

Bonus Stock Purchase #1: Broadcom (AVGO)

I also picked up another three shares of Broadcom at an average cost per share of $315.38. I won't dive too deeply into it, but I'm basically very encouraged by AVGO's immense compounding potential (66%, ~60%, and ~22% non-GAAP EPS consensus growth projections for FY 2026 through FY 2028), the reasonable valuation of its shares (the forward 12-month P/E ratio is currently around 22x), an A-rated balance sheet, and a dividend with room to keep compounding at a double-digit percentage rate annually. That raised my net annual forward dividends by $7.80, which works out to a 0.82% net dividend yield.

Bonus Stock Purchase #2: BlackRock (BLK)

Finally, I purchased one share of BlackRock at a price of $937.97. Readers can find my most recent investment thesis in a Seeking Alpha article co-produced with Treading Softly. Essentially, I believe the string of private markets acquisitions will be instrumental in improving the company's adjusted operating margin. That would especially be the case if the trillions of dollars in retirement accounts were allowed to be modestly allocated to private equity/credit. BLK's AA- S&P credit rating makes it a juggernaut with a low cost of capital that can scoop up complementary assets. The recent double-digit percentage dividend hike and manageable payout ratio are additional positives. Finally, shares are also cheap relative to my fair value estimate above $1,100. This move added $22.72 to my net annual forward dividends, which equates to a 2.42% net dividend yield.

Concluding Thoughts:

In March 2026, I put $5,237.83 in net capital to work (including CAIBX mutual fund dividend reinvestment in my former employer-sponsored retirement account). My net annual forward dividends grew by $148.642 from capital deployment, which is equivalent to a 2.84% weighted-average net dividend yield.

In addition, my net annual forward dividends rose by $9.238 from the dividend raises that I received in March 2026. That's how my net annual forward dividends jumped from around $7,090 entering the month to nearly $7,235 at the end of the month (including modest downward adjustments in ADR net annual forward dividends, including Enbridge, British American Tobacco, Novo Nordisk, and GSK).

Discussion:

How was your March 2026 for capital deployment?

Did you open any new positions or close any positions during the month?

Thanks for reading and I look forward to your comments below!

March 2026 Dividend Income

As I'm writing this blog, it's Saturday, March 28th. The high temperature is set to reach 45 degrees Fahrenheit here in Central Wisconsin, which is about what one would expect for this time of the year.

Since the month is almost complete, I will take a moment to highlight my net dividend income for March 2026. Let's get into it!

Net Income Was Almost $700

In March 2026, I received $694.11 in net dividends (including ADR fees for BAM in my taxable accounts). Sequentially, this is down 2% over the $708.24 in net dividends collected in December 2025. Backing out $85.67 in net special dividends in December (after the $10 annual fee), my net dividends would have grown by 11.5% sequentially.

Compared to the $583.10 in net dividends that I received in March 2025, this equates to a 19% year-over-year growth rate.

In my Charles Schwab account, I collected $397.81 in net dividends from 40 companies. The timing of PepsiCo's (PEP) dividend payment was only partially offset by the timing of Coca-Cola's (KO) dividend payment and my sale of Viatris (VTRS) in February 2026. My additions to Microsoft (MSFT) and Meta Platforms (META) in December 2025 also contributed to this uptick in income. Additions to Visa (V) in January 2026 chipped in as well.

I received $170.87 in net dividends from 15 companies within my Robinhood IRA. Purchases of BAM, MSFT, and META drove this uptick in income in the portfolio.

My net dividends collected in retirement account (when I was an employee at my first full-time job) from the Capital Income Builder (CAIBX) mutual fund was $104.64. A 3.2% uptick in the quarterly dividend per share and a higher share count from dividend reinvestment were behind this higher income.

In my Webull portfolio, I received $20.79 in net dividends from seven companies.

Concluding Thoughts:

March 2026 was yet another robust month for the portfolio. Through the first quarter of 2026, my net dividends were up 24% over Q1 2025. By the grace of God, I believe that this compounding can not only continue but accelerate through greater capital contributions moving forward than I would have anticipated only a few months ago.

Discussion:

How was your March 2026 for dividend income?

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

Thanks for your readership and please feel free to comment below!

Expected Dividend Increases for April 2026

As I'm writing this blog post, it's currently Friday, March 20th. The temperature here in Central Wisconsin is going to reach a high of 57 degrees Fahrenheit later today. Tomorrow is going to be even better, with the high set to be 65 degrees. Needless to say, I'm aiming to spend some time outside over the next few days!

Now that the month is almost over, I have received all the dividend raises that I'm expecting for March 2026. With that said, I will be going over the raises announced in recent weeks and looking ahead to next month. Let's get into it!

Actual Dividend Increases for March 2026

Dividend Increase #1: American Tower (AMT)

American Tower declared a 5.3% raise in its quarterly dividend per share to $1.79. This was $0.01 shy of my prediction of a 5.9% boost to $1.80.

My net annual forward dividends grew by $2.16 across my six shares of AMT from this dividend declaration.

Dividend Increase #2: General Dynamics (GD)

As anticipated, General Dynamics announced a 6% increase in its quarterly dividend per share to $1.59.

Across my six shares of GD, my net annual forward dividends rose by $2.16 due to this dividend announcement.

Dividend Increase #3: Realty Income (O)

As I predicted, Realty Income, declared a 0.2% bump in its monthly dividend per share to $0.2705.

My net annual forward dividends edged $0.918 higher across my 153 shares from this dividend declaration.

Dividend Increase #4: Williams-Sonoma (WSM)

Once again, Williams-Sonoma came up big for me. The company upped its quarterly dividend per share by 15.2% to $0.76. Across my 10 shares of WSM, my net annual forward dividends rose by $4 due to this dividend announcement.

Dividend Freeze: JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. announced a $1.50 quarterly dividend per share, which was in line with the previous. Barring stress test results this summer, that changes my expectations for the next raise in September to a 10% raise to $1.65.

Expected Dividend Increases for April 2026

Expected Dividend Increase #1: Agree Realty (ADC)

The first dividend raise that I'm expecting for April 2026 will be from Agree Realty. My best guess is that ADC will declare a 2.3% increase in its monthly dividend per share to $0.268 (it's also worth noting that ADC raises its payout twice a year).

My net annual forward dividends would rise by $1.44 across my 20 shares of ADC from such a dividend declaration.

Expected Dividend Increase #2: American Water Works (AWK)

The next payout boost that I am predicting for next month will come from American Water Works. I believe that AWK will announce a 7.6% raise in its quarterly dividend per share to $0.89.

Across my eight shares of AWK, my net annual forward dividends would grow by $2 due to such a dividend announcement.

Expected Distribution Increase #3: Energy Transfer (ET)

The third distribution bump that I'm projecting for April will be from Energy Transfer. My guess is that ET will declare a 0.7% increase in its quarterly distribution per unit to $0.3375.

My net annual forward distributions would rise by $2.07 across my 207 units from such a distribution declaration.

Expected Dividend Increase #4: Alphabet (GOOGL)

The final dividend raise that I am expecting for next month will come from Alphabet. My best guess is that GOOGL will announce a 4.8% increase in its quarterly dividend per share to $0.22.

Across my 43 shares of GOOGL, my net annual forward dividends would grow by $1.72 due to such a dividend announcement.

Concluding Thoughts:

My net annual forward dividends grew by $9.238 in March 2026. That would be like investing $307.93 at a 3% yield.

If the four raises that I'm projecting for April 2026 materialize, my net annual forward dividends will have increased by $7.23. This would be equivalent to investing $241 at a 3% net dividend yield.

Discussion:

How was your March 2026 for dividend raises?

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

I appreciate your readership and welcome your comments below!