The month is about half complete. Since the dividend raise from Altria Group (MO) later this month is the only one that I'm still awaiting, I'll look ahead to the dividend increases that I'm expecting in September.
Actual Dividend Increases For August 2024
Dividend Increase #1: Iron Mountain (IRM)
Iron Mountain announced a 10% boost in its quarterly dividend per share to $0.715. That was well above the 6% raise to $0.69 that I was anticipating in my previous blog post of the series.
Across my 21 shares of IRM, my net annual forward dividends soared higher by $5.46 due to this dividend announcement.
Dividend Increase #2: Simon Property Group (SPG)
Simon Property Group declared a 2.5% increase in its quarterly dividend per share to $2.05. This was what I predicted.
My net annual forward dividends rose by $1.80 from this dividend declaration across my nine shares of SPG.
Dividend Freeze: Main Street Capital (MAIN)
Main Street Capital announced a $0.245 monthly regular dividend, which was in line with the previous. That was less than the 2% increase that I predicted. But in an environment in which interest rates are likely to soon start falling, this was probably the right move.
Pending Dividend Increase: Altria Group (MO)
Altria Group hasn't declared its dividend raise yet. But it has consistently done so on the fourth Thursday of August for quite a long time now. I continue to believe that MO will declare a 4.1% bump in its quarterly dividend per share to $1.02.
Across my 24 shares of MO, my net annual forward dividends would rise by $3.84 due to such a declaration.
Update:
As expected, MO raised its quarterly dividend per share by 4.1% to $1.02. This boosted my net annual forward dividends by $3.84.
Expected Dividend Increases For September 2024
Expected Dividend Increase #1: Microsoft (MSFT)
The first dividend raise that I'm expecting in September will be from Microsoft. My best guess is that MSFT will announce a 10.7% boost in its quarterly dividend per share to $0.83.
My net annual forward dividends would rise by $1.60 across my five shares of MSFT from such an announcement.
Expected Dividend Increase #2: Realty Income (O)
The next dividend increase that I'm projecting for next month is from Realty Income. I believe that O will declare a 0.2% bump in its monthly dividend per share to $0.2635.
Across my 48 shares of O, my net annual forward dividends would grow by $0.288 due to such a declaration.
Expected Dividend Increase #3: Philip Morris International (PM)
The third dividend increase that I'm anticipating in September will be from Philip Morris International. My guess is that PM will announce a 3.1% raise in its quarterly dividend per share to $1.34.
My net annual forward dividends would increase by $4.32 across my 27 shares of PM from such an announcement.
Expected Dividend Increase #4: Starbucks (SBUX)
The next payout raise that I'm predicting for next month is from Starbucks. My best guess is that SBUX will declare a 7% hike in its quarterly dividend per share to $0.61.
Across my 23 shares of SBUX, my net annual forward dividends would rise by $3.68 due to such a declaration.
Expected Dividend Increase #5: VICI Properties (VICI)
The fifth dividend increase that I'm projecting in September will be from VICI Properties. I believe that VICI will announce a 6% raise in its quarterly dividend per share to $0.44.
My net annual forward dividends would grow by $6.80 across my 68 shares of VICI from such an announcement.
Expected Dividend Increase #6: Verizon Communications (VZ)
The final dividend bump that I'm anticipating for next month is from Verizon Communications. My guess is that VZ will declare a 1.9% increase in its quarterly dividend per share to $0.6775.
Across my 45 shares, my net annual forward dividends would rise by $2.25 due to such a declaration.
Concluding Thoughts:
The three raises that I received in August have upped my net annual forward dividends by $11.10. That's like investing $370 at a 3% net dividend yield.
If the six dividend hikes that I'm predicting for next month pan out, my net annual forward dividends would rise by $18.938. This would be equivalent to investing $631.27 at a 3% yield.
Discussion:
How has your month been going for dividend raises?
Did you receive any first-time raises in August?
Thank you for your readership and I welcome your comments below!
how about MDLZ up to 0.47 from 0.425&
ReplyDeleteI don't own MDLZ, but I saw that raise. It was definitely impressive!
DeleteI chose between HSY and MDLZ, I like that MDLZ is present on the European market
Delete