As I'm writing this blog post on Saturday, February 4, Central Wisconsin just broke out of a lengthy cold snap. The temperature is currently a toasty 30 degrees Fahrenheit and similar temperatures should persist over the next week.
With that being said, it's time to take a look at the dividend raises that I received in January and preview the dividend hikes that I am anticipating for this month.
Actual Dividend Increases for January 2023
Dividend Increase #1: Enterprise Products Partners (EPD)
Enterprise Products Partners announced a 3.2% bump in its quarterly distribution per unit to $0.49. Across my 36 units of EPD, this lifted my net annual forward distributions higher by $2.16 due to the distribution announcement.
Dividend Increase #2: STAG Industrial (STAG)
STAG Industrial declared a 0.7% increase in its monthly dividend per share to $0.1225, which came in below my expectation of a 1.4% raise. My net annual forward dividends edged up by $0.21 across my 21 shares of STAG as a result of the dividend declaration.
Dividend Increase #3: ONEOK (OKE)
ONEOK increased its quarterly dividend per share by 2.1% to $0.955. Across my 17 shares of OKE, my net annual forward dividends moved $1.36 higher due to the dividend announcement.
Dividend Increase #4: WEC Energy Group (WEC)
WEC Energy Group declared a 7.2% hike in its quarterly dividend per share to $0.78. My net annual forward dividends increased by $1.68 across my eight shares of WEC as a result of the dividend declaration.
Dividend Increase #5: Kimberly Clark (KMB)
Kimberly Clark announced a 1.7% bump in its quarterly dividend per share to $1.18. This proved my prediction to be on the money. Across my four shares of KMB, my net annual forward dividends inched $0.32 higher due to the dividend announcement.
Dividend Increase #6: BlackRock (BLK)
BlackRock declared a 2.5% increase in its quarterly dividend per share to $5.00. This was well below my expectation of a 5.7% raise in the dividend. My net annual forward dividends moved up by $0.96 across my two shares of BLK as a result of the dividend declaration.
Dividend Increase #7: Comcast (CMCSA)
Comcast announced a 7.4% boost in its quarterly dividend per share to $0.29, which was my exact projection. Across my 25 shares of CMCSA, my net annual forward dividends increased by $2.00 due to the dividend announcement.
Dividend Increase #8: Energy Transfer (ET)
Energy Transfer declared a 15.1% hike in its quarterly distribution per unit to $0.305, which is in line with its pre-COVID distribution. My net annual forward distributions rocketed $13.76 higher across my 86 units of ET as a result of the distribution declaration.
Dividend Increase #9: Alliant Energy (LNT)
Alliant Energy announced a 5.8% increase in its quarterly dividend per share to $0.4575. This was below my forecast of a 7% raise in the quarterly dividend per share. Across my 13 shares of LNT, my net annual forward dividends were lifted by $1.30 due to the dividend announcement.
Dividend Increase #10: Air Products & Chemicals (APD)
Air Products & Chemicals declared an 8% hike in its quarterly dividend per share to $1.75. My net annual forward dividends surged $1.56 higher across my three shares of APD as a result of the dividend declaration.
Dividend Increase #11: Kinder Morgan (KMI)
Kinder Morgan announced a 1.8% bump in its quarterly dividend per share to $0.2825. Across my 52 shares of KMI, my net annual forward dividends rose by $1.04 due to the dividend announcement.
Dividend Increase #12: United Parcel Service (UPS)
United Parcel Service declared a 6.6% increase in its quarterly dividend per share to $1.62. My net annual forward dividends were lifted $2.00 higher across my five shares of UPS as a result of the dividend announcement.
Dividend Freeze: Realty Income (O)
Realty Income kept its monthly dividend per share in line with the previous dividend of $0.2485. This wasn't the 3.8% increase in the dividend that I was hoping for, but I still expect a mid-single-digit dividend increase from the company in the near future.
Expected Dividend Increases for February 2023
Expected Dividend Increase #1: Genuine Parts Company (GPC)
The first dividend raise that I'm forecasting in February will be from Genuine Parts Company. My best guess is that GPC will announce a 5.6% increase in its quarterly dividend per share to $0.945.
Across my six shares of GPC, my net annual forward dividends would surge higher by $1.20 from such an announcement.
Expected Dividend Increase #2: Home Depot (HD)
The next dividend boost that I am predicting for next month will come from Home Depot. I believe that HD will declare a 5.3% increase in its quarterly dividend per share to $2.00.
My net annual forward dividends would be lifted $1.20 higher across my three shares of HD if this declaration plays out as expected.
Expected Dividend Increase #3: Albemarle (ALB)
The third dividend bump that I'm anticipating in February will be from Albemarle. My projection is that ALB will announce a 2.5% increase in its quarterly dividend per share to $0.405.
Across my six shares of ALB, my net annual forward dividends would edge $0.24 higher from such an announcement.
Expected Dividend Increase #4: Prudential Financial (PRU)
The next dividend increase that I am expecting for next month will come from Prudential Financial. My best guess is that PRU will declare a 4.2% raise in its quarterly dividend per share to $1.25.
My net annual forward dividends would surge $2.00 higher across my 10 shares of PRU if this declaration goes as anticipated.
Expected Dividend Increase #5: L3Harris Technologies (LHX)
The fifth dividend raise that I'm projecting in February will be from L3Harris Technologies. I believe that LHX will announce a 7.1% increase in its quarterly dividend per share to $1.20.
Across my four shares of LHX, my net annual forward dividends would rise by $1.28 from such an announcement.
Expected Dividend Increase #6: Cisco Systems (CSCO)
The next dividend bump that I am forecasting for next month will come from Cisco Systems. My projection is that CSCO will declare a 2.6% increase in its quarterly dividend per share to $0.39.
My net annual forward dividends would grow by $0.88 across my 22 shares of CSCO if this declaration plays out as expected.
Expected Dividend Increase #7: T. Rowe Price Group (TROW)
The seventh dividend raise that I'm anticipating in February will be from T. Rowe Price Group. My best guess is that TROW will announce a 2.5% bump in its quarterly dividend per share to $1.23.
Across my six shares of TROW, my net annual forward dividends would increase by $0.72 from such an announcement.
Expected Dividend Increase #8: Allstate (ALL)
The next dividend increase that I am predicting for next month will come from Allstate. I believe that ALL will declare a 3.5% raise in its quarterly dividend per share to $0.88.
My net annual forward dividends would edge $0.60 higher across my five shares of ALL if this declaration comes to fruition.
Expected Dividend Increase #9: 3M (MMM)
The ninth dividend bump that I'm projecting in February will be from 3M. My estimate is that MMM will announce a 0.7% increase in its quarterly dividend per share to $1.50.
Across my six shares of MMM, my net annual forward dividends would rise by $0.24 from such an announcement.
Expected Dividend Increase #10: Medical Properties Trust (MPW)
The next dividend increase that I am expecting for next month will come from Medical Properties Trust. My best guess is that MPW will declare a 3.4% dividend increase in its quarterly dividend per share to $0.30.
My net annual forward dividends would surge $2.56 higher across my 64 shares of MPW if this declaration occurs.
Expected Dividend Increase #11: Coca-Cola (KO)
The eleventh dividend hike that I'm forecasting in February will be from Coca-Cola. I believe that KO will announce a 4.5% increase in its quarterly dividend per share to $0.46.
Across my 10 shares of KO, my net annual forward dividends would rise by $0.80 from such an announcement.
Expected Dividend Increase #12: PepsiCo (PEP)
The next dividend increase that I am expecting for next month will come from PepsiCo. My estimate is that PEP will declare a 7.8% hike in its quarterly dividend per share to $1.24.
My net annual forward dividends would surge $1.44 higher across my four shares of PEP if this declaration manifests itself.
Expected Dividend Increase #13: Digital Realty Trust (DLR)
The thirteenth dividend raise that I'm predicting in February will be from Digital Realty Trust. My best guess is that DLR will announce a 4.9% increase in its quarterly dividend per share to $1.28.
Across my six shares of DLR, my net annual forward dividends would move $1.44 higher from such an announcement.
Expected Dividend Increase #14: NextEra Energy (NEE)
The next dividend increase that I am projecting for next month will come from NextEra Energy. I believe that NEE will declare an 8.2% hike in its quarterly dividend per share to $0.46.
My net annual forward dividends would rise by $1.26 across my nine shares of NEE if this declaration materializes.
Already Announced Dividend Increase: Shell (SHEL)
Shell announced a 15% hike in its quarterly dividend per share to $0.575. Across my nine shares of SHEL, my net annual forward dividends were boosted by $2.70 by this dividend announcement.
Concluding Thoughts:
The dozen dividend increases that I received during the month of January 2023 caused my net annual forward dividends to soar higher by $28.35. Putting this into perspective, that would be the equivalent of investing $810.00 in fresh capital at a weighted-average dividend yield of 3.5%. As the months and years unfold, my portfolio is carrying more and more of the load on my journey toward financial independence.
And if the fourteen raises that I expect for February turn out to be correct, my net annual forward dividends would soar $18.56 higher (including the raise from SHEL before this blog post was wrote). This would require a $530.29 investment at a 3.5% dividend yield to replicate.
Discussion:
How was your January 2023 for dividend hikes?
Are you expecting any first-time payout boosts as I am with NEE?
As always, thanks for your readership. You're welcome to leave comments below!
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