Expected Dividend Increases for April 2019

The month of March is nearly complete as I write this and warmer, more pleasant weather is finally upon us here in the Midwest. The Milwaukee Bucks are gearing up for what I'm hoping will be a deep playoff push and the Brewers are beginning what should be another exciting season as well. With March nearly complete, it's also time for me to examine the dividend increases I received for the month and look ahead to the increases expected for April.

March Dividend Increases:

Increase #1: Williams Sonoma (WSM)

Williams Sonoma (WSM) announced an 11.6% increase in their quarterly dividend from $0.43/share to $0.48/share. This was a bit above the 9.3% increase I was expecting for my dividend increases in March 2019 article. Overall, my annual forward dividends increased by $1.20 across my 6 shares.

Increase #2: Realty Income (O)

Realty Income (O) announced a 0.2% increase in its monthly dividend from $0.2255/share to $0.226/share. This was exactly what I was expecting. Overall, my annual forward dividends increased by $0.024 across my 4 shares.

Increase #3: WP Carey (WPC)

WP Carey (WPC) announced a 0.2% increase in its quarterly dividend from $1.03/share to $1.032/share. This was actually a bit below what I predicted. Overall, my annual forward dividends increased by $0.024 across my 3 shares.


Expected Dividend Increase #1: Exxon Mobil (XOM)

I'm expecting XOM to raise its quarterly dividend by 4.9% from $0.82/share to $0.86/share. This would increase annual forward dividends by $0.96 across my 6 shares.

Expected Dividend Increase #2: International Business Machines (IBM)

Given the $34 billion acquisition of Red Hat last October, I'm expecting a lighter dividend increase from IBM than in past years. I'm projecting a quarterly dividend increase of 1.9% from $1.57/share quarterly dividend to $1.60/share. This would mean an increase in annual forward dividends of $0.36 across my 3 shares.

Expected Dividend Increase #3: Johnson & Johnson (JNJ)

I'm expecting a 5.6% increase in JNJ's quarterly dividend from $0.90/share to $0.95/share. This would increase annual forward dividends by $0.40 across my 2 shares.

Expected Dividend Increase #4: Enterprise Products Partners (EPD)

I'm expecting a routine 0.6% increase in EPD's quarterly dividend of $0.435/share to $0.4375/share. This would increase my annual forward dividends by $0.09 across my 9 shares.

Expected Dividend Increase #5: Southern Company (SO)

I'm expecting a 3.3% increase in SO's quarterly dividend of $0.60/share to $0.62/share. This would increase my annual forward dividends by $0.40 across my 5 shares.

Expected Dividend Increase #6: EQM Midstream Partners (EQM)

I'm expecting an increase of 1.8% in EQM's quarterly dividend of  $1.13/share to $1.15/share. This would result in an increase of $0.32 across my 4 shares.

Summary: 

The month of March produced $1.248 in dividend raises, with one raise being above what I expected, one being exactly what I expected, and one being below what I expected. It would take $31.20 invested at 4% to replicate the increases I received during March. Looking ahead to April,  I'm expecting a $2.53 increase in annual forward dividends from dividend raises alone. To match this increase in dividend income by investing fresh capital, this would require an investment of $63.25, assuming a 4% dividend yield.

Discussion:

Are you expecting April to be as busy a month as I am? Are you expecting dividend increases from any names not mentioned in this post?