Expected Dividend Increases for July 2022

As I'm writing this blog post on June 17, it's currently in the mid-70 degrees Fahrenheit here in Central Wisconsin. And this is expected to persist over the next few days before temperatures heat up to the mid-80 degrees Fahrenheit. Needless to say, I'll be getting outside as much as possible in the days ahead.

Aside from the weekly report on the weather in my area, I have received all of the dividend increases that I'm expecting for June besides Clorox. That's why I will be recapping the payout raises that I received during the month and looking ahead to the dividend announcements for July.

Actual Dividend Increases for June 2022

Dividend Increase #1: Realty Income (O)

Realty Income declared a 0.2% increase in its monthly dividend per share from $0.2470 to $0.2475. This was in line with the expectation that I outlined in the previous post of this series. O is really as steady as they come and it proves it quarter after quarter with payout bumps. 

My net annual forward dividends inched $0.078 higher across my 13 shares of O due to the dividend announcement.

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

W.P. Carey announced a 0.2% bump in its quarterly dividend per share from $1.057 to $1.059. Similar to O, WPC's new quarterly dividend per share is precisely what I anticipated it would be. 

Across my seven shares of WPC, my net annual forward dividends increased by $0.056 as a result of the dividend increase.

Dividend Increase #3: UnitedHealth Group (UNH)

UnitedHealth Group declared a 13.8% hike in its quarterly dividend per share from $1.45 to $1.65. This again was in line with my prediction.

My net annual forward dividends surged $1.60 higher across my two shares of UNH due to the payout boost.

Dividend Increase #4: FedEx (FDX)

FedEx blew my projection out of the water. FDX announced a massive 53.3% hike in its quarterly dividend per share from $0.75 to $1.15. This was four times the 13.3% raise that I was expecting. Not bad for my first raise received from the stock.

Across my three shares of FDX, my net annual forward dividends soared $4.80 as a result of the dividend increase.

Dividend Increase #5: General Mills (GIS)

General Mills declared a 5.9% increase in its quarterly dividend per share from $0.51 to $0.54. 

My net annual forward dividends inched $0.48 higher across my four shares of GIS due to the payout raise.

Pending Dividend Increase: Clorox (CLX)

Clorox has yet to announce its next dividend payment. But I'm still forecasting a 0.9% increase in the quarterly dividend per share from $1.16 to $1.17. I will update this section of the blog once CLX announces its next dividend.

Expected Dividend Increases for July 2022

Expected Dividend Increase #1: Wells Fargo (WFC)

The first dividend raise that I'm predicting for July is Wells Fargo. I believe that WFC will declare a 20% boost in its quarterly dividend per share to $0.30.

If my prediction is correct, my net annual forward dividends would rise by $1.60 across my eight shares of WFC.

Expected Dividend Increase #2: J.M. Smucker (SJM)

The next dividend increase that I am expecting for next month will be from J.M. Smucker. My projection is that SJM will announce a 5.1% hike in its quarterly payout per share to $1.04. 

If SJM meets my expectations, this would lift my net annual forward dividends by $0.60 across my three shares.

Expected Dividend Increase #3: National Retail Properties (NNN)

The third dividend raise that I'm forecasting for July is from National Retail Properties. I anticipate that NNN will declare a 3.8% increase in its quarterly dividend per share to $0.55.

If my forecast is right, my net annual forward dividends would surge $0.96 higher across my 12 shares of NNN.

Expected Dividend Increase #4: Essential Utilities (WTRG)

The next dividend boost that I am predicting for next month will be from Essential Utilities. I believe that WTRG will announce a 7.2% raise in its quarterly dividend per share to $0.2875.

If my prediction is correct, my net annual forward dividends would rise by $0.772 across my 10 shares of WTRG.

Expected Dividend Increase #5: Cummins (CMI)

The fifth dividend raise that I'm forecasting for July is from Cummins. My projection is that CMI will declare a 7.6% hike in its quarterly dividend per share to $1.56. 

If CMI meets my expectations, this would boost my net annual forward dividends by $2.20 across my five shares.

Expected Dividend Increase #6: Hershey (HSY)

The next dividend boost that I am expecting for next month will be from Hershey. I believe that HSY will announce a 9.2% raise in its quarterly dividend per share to $0.984.

If my forecast is right, my net annual forward dividends would surge $0.996 higher across my three shares of HSY.

Expected Dividend Increase #7: Duke Energy (DUK)

The seventh dividend raise that I am predicting for July is from Duke Energy. I expect that DUK will declare a 5.1% increase in its quarterly dividend per share from $0.985 to $1.035.

If my prediction is correct, my net annual forward dividends would be boosted by $1.20 across my six shares of DUK.

Concluding Thoughts:

I received $7.014 in dividend increases in June from five stocks. This would require $200.40 in fresh capital to match at a 3.5% weighted average dividend yield.

Based on the seven raises that I'm expecting in July, my net annual forward dividends would be lifted by $8.328. This would be equivalent to investing $237.94 at a 3.5% average net yield.

Discussion:

How was your June 2022 for dividend announcements?

Are you anticipating any first-time dividend increases as I am with WTRG, CMI, HSY, and DUK?

Thanks for your readership and please feel free to share your thoughts below!