As I'm writing this blog post, it is January 30th. If it weren't for a look at the calendar, I would think that it's already March! The temperature here in Central Wisconsin is currently 38 degrees Fahrenheit. For at least the next week, high temperatures will remain in the high-30 to mid-40 degrees Fahrenheit range.
With this in mind, the end of January means that it is time to look at my dividend raises received during the month. I will also look ahead to the raises that I anticipate for February 2024. Without further ado, let's dive into it!
Actual Dividend Increases For January 2024
Dividend Increase #1: STAG Industrial (STAG)
STAG Industrial declared a 0.7% bump in its monthly dividend per share to $0.1233.
Across my 21 shares of STAG, this declaration lifted my net annual forward dividends higher by $0.2016.
Dividend Increase #2: BlackRock (BLK)
BlackRock announced a 2% increase in its quarterly dividend per share to $5.10. This was in line with what I predicted in the previous post of this series.
My net annual forward dividends rose by $0.80 across my two shares of BLK as a result of this announcement.
Dividend Increase #3: Alliant Energy (LNT)
Alliant Energy declared a 6.1% raise in its quarterly dividend per share to $0.48, which was what I anticipated.
Across my 13 shares of LNT, my net annual forward dividends grew by $1.43 due to this declaration.
Dividend Increase #4: ONEOK (OKE)
ONEOK announced a 3.7% bump in its quarterly dividend per share to $0.99. This was better than the $0.975 that I expected.
My net annual forward dividends were lifted by $4.76 across my 34 shares of OKE from this announcement.
Dividend Increase #5: Kimberly Clark (KMB)
Dividend Increase #6: Air Products & Chemicals (APD)
Air Products & Chemicals announced a 1.1% raise in its quarterly dividend per share to $1.77. This was much less than the $1.89 that I anticipated. But I think that the conservative raise was the right move as APD focuses on major projects to fuel robust future growth.
My net annual forward dividends grew by $0.40 across my five shares of APD from this announcement.
Dividend Increase #7: Comcast (CMCSA)
Comcast declared a 6.9% hike in its quarterly dividend per share to $0.31, which was what I expected.
Across my 39 shares of CMCSA, my net annual forward dividends were lifted by $3.12 due to this declaration.
Distribution Increase #8: Energy Transfer (ET)
Energy Transfer announced a 0.8% bump in its quarterly distribution per unit to $0.315. This was in line with my prediction.
My net annual forward distributions rose by $0.86 across my 86 units of ET from this announcement.
Distribution Increase #9: Enterprise Products Partners (EPD)
Enterprise Products Partners declared a 3% increase in its quarterly distribution per unit to $0.515, which was ahead of the $0.51 that I anticipated.
Across my 52 units of EPD, my net annual forward distributions grew by $3.12 due to this declaration.
Dividend Increase #10: United Parcel Service (UPS)
United Parcel Service announced a 0.6% raise in its quarterly dividend per share to $1.63.
My net annual forward dividends were lifted by $0.20 across my five shares of UPS from this announcement.
Dividend Increase #11: T. Rowe Price Group (TROW)
T. Rowe Price Group declared a 1.6% bump in its quarterly dividend per share to $1.24.
Across my six shares of TROW, my net annual forward dividends rose by $0.48 due to this declaration.
Dividend Increase #12: WEC Energy Group (WEC)
Recently, WEC Energy Group made a 7.1% hike in its quarterly dividend per share to $0.835 official. This topped my expectation of $0.8325.
My net annual forward dividends grew by $2.64 across my 12 shares of WEC from this announcement.
Expected Dividend Increases For February 2024
Expected Dividend Increase #1: Albemarle (ALB)
The first dividend increase that I anticipate for next month will be from Albemarle. My best guess is that ALB will declare a 1.3% raise in its quarterly dividend per share to $0.405.
Across my eight shares of ALB, my net annual forward dividends would be lifted by $0.16 if such a declaration plays out.
Expected Dividend Increase #2: Allstate (ALL)
The next payout hike that I predict for February is from Allstate. I anticipate that ALL will announce a 5.6% boost in its quarterly dividend per share to $0.94.
My net annual forward dividends would rise by $1 across my five shares of ALL from such an announcement.
Expected Dividend Increase #3: Brookfield Asset Management (BAM)
The third dividend hike that I forecast for next month will be from Brookfield Asset Management. I believe that BAM will declare a 12.5% lift in its quarterly dividend per share to $0.36.
Across my 30 shares of BAM, my net annual forward dividends would grow by $4.80 if this declaration happens.
Expected Dividend Increase #4: Cisco Systems (CSCO)
The next dividend increase that I'm expecting for February is from Cisco Systems. My best guess is that CSCO will announce a 2.6% bump in its quarterly dividend per share to $0.40.
My net annual forward dividends would be lifted by $0.88 across my 22 shares of CSCO from such an announcement.
Expected Dividend Increase #5: Genuine Parts Company (GPC)
The fifth payout boost that I predict for next month will be from Genuine Parts Company. I anticipate that GPC will declare a 6.3% raise in its quarterly dividend per share to $1.01.
Across my six shares of GPC, my net annual forward dividends would rise by $1.44 if this declaration occurs.
Expected Dividend Increase #6: Home Depot (HD)
The next dividend raise that I'm forecasting for February is from Home Depot. I believe that HD will up its quarterly dividend per share by 5.7% to $2.21.
My net annual forward dividends would grow by $2.40 across my five shares from such an announcement.
Expected Dividend Increase #7: Coca-Cola (KO)
The seventh dividend increase that I anticipate for next month will be from Coca-Cola. My best guess is that KO will declare a 4.3% bump in its quarterly dividend per share to $0.48.
Across my 10 shares of KO, my net annual forward dividends would be lifted by $0.80 if this declaration happens.
Expected Dividend Increase #8: L3Harris Technologies (LHX)
The next dividend raise that I'm predicting for February is from L3Harris Technologies. I anticipate that LHX will up its quarterly dividend per share by 4.4% to $1.19.
My net annual forward dividends would rise by $0.80 across my four shares of LHX from such an announcement.
Expected Dividend Increase #9: NextEra Energy (NEE)
The ninth dividend boost that I forecast for next month will be from NextEra Energy. I believe that NEE will declare a 10.2% hike in its quarterly dividend per share to $0.515.
Across my 13 shares of NEE, my net annual forward dividends would grow by $2.47 if this declaration plays out.
Expected Dividend Increase #10: PepsiCo (PEP)
The next dividend raise that I anticipate for February is from PepsiCo. My best guess it that PEP will announce a 7.9% increase in its quarterly dividend per share to $1.365.
My net annual forward dividends would be lifted by $2.40 across my six shares of PEP from such an announcement.
Expected Dividend Increase #11: Prudential Financial (PRU)
The eleventh dividend increase that I'm predicting for next month will be from Prudential Financial. I anticipate that PRU will declare a 4% raise in its quarterly dividend per share to $1.30.
Across my 10 shares of PRU, my net annual forward dividends would rise by $2 if this declaration occurs.
Expected Dividend Increase #12: Tractor Supply (TSCO)
The final dividend boost that I forecast for February is from Tractor Supply. I believe that TSCO will announce an 8.7% raise in its quarterly dividend per share to $1.12.
My net annual forward dividends would grow by $1.80 across my five shares of TSCO from such an announcement.
Concluding Thoughts:
The 12 dividend raises that I received in January boosted my net annual forward dividends by $18.6516. That would be equivalent to investing $621.72 in fresh capital at a 3% weighted average net dividend yield.
If the dozen raises that I am expecting in February play out as anticipated, my net annual forward dividends would rise by $21.05. Replicating this would require investing $701.67 at a 3% yield.
Discussion:
How was your January 2024 for dividend boosts?
Did you get any first-time payout raises during the month?
Thanks for reading and please feel free to comment below!
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