Expected Dividend Increases for June 2022

As I'm writing this blog post, the high temperature here in Central Wisconsin is expected to reach into the low-60 degrees Fahrenheit today. This is an ideal temperature that more closely resembles early-spring for this area rather than late-spring.

With that aside, I will be going over the dividend increases that I received in May and looking ahead to the raises that I am expecting for June.

Actual Dividend Increases for May 2022

Dividend Increase #1: American Tower (AMT)

American Tower announced a 2.1% increase in its quarterly dividend per share from $1.40 to $1.43. This fell just short of my expectation of a 2.9% raise in the quarterly dividend per share to $1.44. But with AMT raising its dividend every quarter, I'll gladly take this payout bump.

Across my three shares of AMT, my net annual forward dividends edged $0.36 higher as a result of this dividend increase.

Dividend Increase #2: Leggett & Platt (LEG)

Leggett & Platt declared a 4.8% raise in its quarterly dividend per share from $0.42 to $0.44. This was precisely the raise that I predicted LEG would deliver weeks ago. 

My net annual forward dividends surged $1.20 higher due to this payout increase across my 15 shares of LEG.

Dividend Increase #3: Union Pacific (UNP)

Union Pacific announced a 10.2% hike in its quarterly dividend per share from $1.18 to $1.30. Since I opened a whole share position in UNP in January, this was the first raise that I have received from the stock. And I couldn't be more pleased. This easily tops the inflation rate.

Across my three shares of UNP, my net annual forward dividends soared $1.44 higher as a result of this dividend increase.

Dividend Increase #4: Simon Property Group (SPG)

Simon Property Group declared a 3% raise in its quarterly dividend per share from $1.65 to $1.70. Nearly two years after SPG cut its quarterly dividend per share from $2.10 in July 2020 out of an abundance of caution, the company is taking major steps to restore its dividend. I wouldn't be surprised to see the dividend fully restored by next summer.

My net annual forward dividends increased by $1.20 across my six shares of SPG due to the payout raise.

Dividend Increase #5: Lowe's (LOW)

Lowe's announced a staggering 31.3% boost in its quarterly dividend per share from $0.80 to $1.05. This was more than double the 13.8% raise to $0.91 that I was expecting. LOW is one of those stocks that I believe should be the foundation of a dividend growth stock portfolio and it continues to show why.

Across my five shares of the stock, my net annual forward dividends per share soared $5.00 higher as a result of the payout hike.

Dividend Increase #6: Medtronic (MDT)

Medtronic declared a 7.9% increase in its quarterly dividend per share from $0.63 to $0.68. This was in line with my expectations. Like LOW, MDT is another stock that I think deserves a place in every dividend growth stock portfolio.

My net annual forward dividends were boosted by $1.00 across my five shares of MDT due to the dividend raise.

Dividend Freeze: Omnicom (OMC)

Surprisingly, Omnicom decided to keep its quarterly dividend per share the same at $0.70. This was below my estimate of a 7.1% hike in its quarterly dividend per share to $0.75. The company could certainly afford such a raise. But I guess with fears of a looming recession, OMC opted to be conservative.

Expected Dividend Increases for June 2022

Expected Dividend Increase #1: Realty Income (O)

The first dividend increase that I'm expecting next month is from Realty Income. My prediction is that O will announce a 0.2% increase in its monthly dividend per share from $0.2470 to $0.2475. 

If my prediction is proven right, my net annual forward dividends would edge $0.078 higher across my 13 shares of O.

Expected Dividend Increase #2: W.P. Carey (WPC)

The next payout raise that I'm forecasting in June will come from W.P. Carey. I believe WPC will announce a 0.2% raise in its quarterly dividend per share from $1.057 to $1.059. 

Across my seven shares of WPC, my net annual forward dividends would inch $0.056 higher if my projection is accurate.

Expected Dividend Increase #3: UnitedHealth Group (UNH)

The third dividend hike that I'm expecting next month is from UnitedHealth Group. My guess is that UNH will announce a 13.8% boost to its quarterly dividend per share from $1.45 to $1.65.

My net annual forward dividends would be lifted by $1.60 across my two shares of UNH if my prediction is correct.

Expected Dividend Increase #4: FedEx (FDX)

The final dividend increase that I'm forecasting in June will come from FedEx. I believe that FDX will declare a 13.3% raise in its quarterly dividend per share from $0.75 to $0.85.

Across my three shares of FDX, my net annual forward dividends would be boosted by $1.20 if my projection is right.

Expected Dividend Increase #5: Clorox (CLX)

Clorox didn't increase its payout in May. But I expect that the company will likely do so in early June. I'm still expecting a token 0.9% increase in its quarterly dividend per share from $1.16 to $1.17.

Across my two shares of CLX, this would bump my net annual forward dividends up by $0.08 if my prediction is right.

Concluding Thoughts:

I received $10.20 in dividend raises from six stocks. This would require $291.43 in fresh investment capital to replicate at a 3.5% weighted average dividend yield.

And with five raises expected in June, my net annual forward dividends would surge $3.014 higher if my predictions are correct. This is equivalent to investing $86.11 in capital at a 3.5% average net yield.

Discussion:

How was your May for dividend announcements?

Are you expecting any first-time dividend increases from stocks in your portfolio like I am with FDX and CLX?

Thanks for reading and please feel free to comment below!