As I'm writing this blog post, the end of February is already just four days away. The weather still seems to be reflecting this fact with the temperature reaching a high of 22 degrees Fahrenheit here in Central Wisconsin.
With that said, now would be a great time to look at the numerous payout hikes that I received during the month of February. I'll also look ahead to the seven raises that I'm anticipating will be announced in March.
Actual Dividend Increases for February 2023
Dividend Increase #1: Shell (SHEL)
Shell announced a 15% boost in its quarterly dividend per share to $0.575. My net annual forward dividends surged $2.70 higher across my nine shares of SHEL due to this dividend announcement.
Dividend Increase #2: BP plc (BP)
BP plc declared a 10.1% hike in its quarterly dividend per share to $0.3966. Across my 11 shares of BP, my net annual forward dividends increased by $1.58 from this dividend declaration.
Dividend Increase #3: T. Rowe Price Group (TROW)
T. Rowe Price Group announced a 1.7% bump in its quarterly dividend per share to $1.22. This came in just below my expectation of a 2.5% increase to $1.23. My net annual forward dividends edged $0.48 higher across my six shares of TROW due to this dividend announcement.
Dividend Increase #4: Prudential Financial (PRU)
Prudential Financial declared a 4.2% raise in its quarterly dividend per share to $1.25, which was in line with my projection. Across my 10 shares of PRU, my net annual forward dividends surged $2.00 from this dividend declaration.
Dividend Increase #5: Tractor Supply (TSCO)
Tractor Supply announced a 12% hike in its quarterly dividend per share to $1.03. My net annual forward dividends were boosted by $1.32 across my three shares of TSCO due to this dividend announcement.
Dividend Increase #6: PepsiCo (PEP)
PepsiCo declared a 10% raise in its quarterly dividend per share to $1.265. This was better than my prediction of a 7.8% increase in the quarterly dividend per share. Across my four shares of PEP, my net annual forward dividends were lifted by $1.84 from this dividend declaration.
Dividend Increase #7: Realty Income (O)
Realty Income announced a 2.4% increase in its monthly dividend per share to $0.2545. This was less than my forecast of a 3.8% raise in the monthly dividend per share. My net annual forward dividends rose by $1.224 across my 17 shares of O due to this dividend announcement.
Dividend Increase #8: Cisco (CSCO)
Cisco declared a 2.6% bump in its quarterly dividend per share to $0.39, which was what I expected. Across my 22 shares of CSCO, my net annual forward dividends increased by $0.88 from this dividend declaration.
Dividend Increase #9: Coca-Cola (KO)
Coca-Cola announced a 4.5% raise in its quarterly dividend per share to $0.46. That was precisely what I was anticipating. My net annual forward dividends increased by $0.80 across my 10 shares of KO due to this dividend announcement.
Dividend Increase #10: NextEra Energy (NEE)
NextEra Energy declared a 10% hike in its quarterly dividend per share to $0.4675, which was better than the 8.2% raise that I was expecting. Across my nine shares of NEE, my net annual forward dividends were lifted higher by $1.53 from this dividend declaration.
Dividend Increase #11: Allstate (ALL)
Allstate announced a 4.7% increase in its quarterly dividend per share to $0.89. This was just ahead of my prediction of a 3.5% bump. My net annual forward dividends edged $0.80 higher across my five shares of ALL due to this dividend announcement.
Dividend Increase #12: Home Depot (HD)
Home Depot declared a 10% raise in its quarterly dividend per share to $2.13. This was well above my forecast of a 5.3% raise. Across my three shares of HD, my net annual forward dividends rose by $2.28 from this dividend declaration.
Dividend Increase #13: Genuine Parts Company (GPC)
Genuine Parts Company announced a 6.1% raise in its quarterly dividend per share to $0.95. This came in just above my expectation of a 5.6% increase. My net annual forward dividends surged $1.32 across my six shares of GPC due to this dividend announcement.
Dividend Increase #14: Albemarle (ALB)
Albemarle declared a 1.3% increase in its quarterly dividend per share, which was half of the 2.5% raise I was projecting. Across my six shares of ALB, my net annual forward dividends edged higher by $0.12 from this dividend declaration.
Dividend Increase #15: L3Harris Technologies (LHX)
L3Harris Technologies announced a 1.8% bump in its quarterly dividend per share to $1.14. This was less than the 7.1% hike that I was expecting. My net annual forward dividends increased by $0.32 across my four shares of LHX due to this dividend announcement.
Dividend Freeze #1: Medical Properties Trust (MPW)
Medical Properties Trust opted to keep its quarterly dividend per share at $0.29. I was expecting a raise to $0.30.
Dividend Freeze #2: Digital Realty Trust (DLR)
Digital Realty Trust made the decision to maintain its quarterly dividend per share at $1.22. I was expecting a raise to $1.28.
Expected Dividend Increases for March 2023
Expected Dividend Increase #1: Realty Income (O)
The first dividend raise that I'm expecting for next month will be from Realty Income. I believe that O will declare a 0.2% increase in its monthly dividend per share to $0.2550.
Across my 17 shares of O, my net annual forward dividends would edge $0.102 higher from such a dividend increase.
Expected Dividend Increase #2: W.P. Carey (WPC)
The next payout bump that I am forecasting in March is from W.P. Carey. My best guess is that WPC will announce a 0.4% increase in its quarterly dividend per share to $1.069.
My net annual forward dividends would rise by $0.112 across my seven shares of WPC due to such a payout raise.
Expected Dividend Increase #3: American Tower (AMT)
The third dividend increase that I'm expecting for next month will be from American Tower. I believe that AMT will declare a 1.3% bump in its quarterly dividend per share to $1.58.
Across my three shares of AMT, my net annual forward dividends would grow by $0.24 from such a dividend increase.
Expected Dividend Increase #4: Williams-Sonoma (WSM)
The next dividend hike that I am projecting in March is from Williams-Sonoma. My best guess is that WSM will announce a 6.4% increase in its quarterly dividend per share to $0.83.
If this plays out as expected, my net annual forward dividends will rise by $2.00 across my 10 shares of WSM.
Expected Dividend Increase #5: General Dynamics (GD)
The fifth dividend boost that I'm expecting for next month will be from General Dynamics. I believe that GD will declare a 7.1% increase in its quarterly dividend per share to $1.35.
Across my four shares of GD, my net annual forward dividends would grow by $1.44 from such a payout hike.
Expected Dividend Increase #6: Innovative Industrial Properties (IIPR)
The next dividend increase that I am anticipating for March is from Innovative Industrial Properties. My best guess is that IIPR will announce a 1.1% bump in its quarterly dividend per share to $1.82.
My net annual forward dividends would edge $0.24 higher across my six shares of IIPR from such a dividend announcement.
Expected Dividend Increase #7: Dollar General (DG)
The seventh and final dividend boost that I'm predicting for next month will be from Dollar General. I believe that DG will declare a 10.9% hike in its quarterly dividend per share to $0.61.
Across my three shares of DG, my net annual forward dividends would rise by $0.72 from such a declaration.
Concluding Thoughts:
My net annual forward dividends surged $19.194 higher from the 15 raises that I received in February. Invested at a 3.5% dividend yield, this would take $548.40 in fresh capital to replicate.
For the month of March, I am anticipating a $4.854 lift in net annual forward dividends stemming from dividend increases. That is equivalent to investing $138.69 of capital at a 3.5% yield.
Discussion:
How was your month for dividend hikes?
Did you receive any first-time raises as I did with TSCO and NEE?
I appreciate your readership and look forward to your comments below!
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