December 2025 Dividend Stock Purchases

As I'm writing this blog post, it's currently Friday, December 19th. The temperature here in Central Wisconsin is expected to reach a high of 18 degrees Fahrenheit, which is about what I would expect for this time of the year.

Now that I have completed all of my anticipated stock purchases for the month, I will be going over my purchases for December 2025. Without further ado, let's jump into it!

Dividend Stock Purchase #1: Meta Platforms (META)

My first dividend stock purchase for the month was one share of Meta Platforms at a cost of $642.07 a share. Interested readers can find my investment thesis in my December 2025 Dividend Stock Watch List blog post. My net annual forward dividends grew by $2.10, which equates to a 0.33% net dividend yield.

Dividend Stock Purchase #2: Microsoft (MSFT)

The next dividend stock purchase for December 2025 was one share of Microsoft at a price per share of $487.68. Curious readers can check out my investment thesis in my Seeking Alpha article co-produced with Treading Softly (Scott Kaufman) or my April 2025 Stock Purchases blog post. This purchase added $3.64 to my net annual forward dividends, which works out to a 0.75% net dividend yield.

Dividend Stock Purchase #3: Novo Nordisk (NVO)

My third dividend stock purchase that I made for the month was 10 shares of Novo Nordisk for $48.49 apiece. Intrigued readers can also read my investment thesis in my December 2025 Dividend Stock Watch List blog post linked earlier. My net annual forward dividends rose by $15.26, which is equivalent to a 3.15% net dividend yield.

Dividend Stock Purchase #4: ONEOK (OKE)

The next dividend stock purchase for December 2025 was nine shares of ONEOK at a cost of $73.62 a share. Once again, interested readers can peruse my investment thesis in my December 2025 Dividend Stock Watch List blog post. This transaction lifted my net annual forward dividends by $37.08, which equates to a 5.60% net dividend yield.

Bonus Dividend Stock Purchase #1: Automatic Data Processing (ADP)

Another purchase that I made during the month was two shares of Automatic Data Processing at a price per share of $255.50. Curious readers can find my investment thesis in my September Seeking Alpha article. My net annual forward dividends grew by $13.60, which works out to a 2.66% net dividend yield.

Bonus Dividend Stock Purchase #2: Philip Morris International (PM)

The next dividend stock purchase for December 2025 was two shares of Philip Morris International at a cost of $149.04 a share. This transaction boosted my net annual forward dividends by $11.76, which is equivalent to a 3.95% net dividend yield.

Bonus Dividend Stock Purchase #3: VICI Properties (VICI)

Finally, I completed a purchase of five shares of VICI Properties at a price per share of $28.36. Intrigued readers can find my investment thesis in my January 2026 Dividend Stock Watch List blog post. My net annual forward dividends grew by $9, which equates to a 6.35% net dividend yield.

Concluding Thoughts:

In December, I allocated $4,152.05 in net capital (including dividend/special dividend/long-term capital gain reinvestment from CAIBX and its $10 annual fee). These purchases boosted my net annual forward dividends by $120.64, which works out to be a 2.91% net dividend yield.

Dividend raises during the month upped my net annual forward dividends by $21.236 in December 2025 (not including a nearly $10 downward adjustment in net annual forward dividends from BTI, GSK, and NVO due to less favorable exchange rates). That's how my net annual forward dividends grew from roughly $6,615 heading into December to over $6,740 heading into January 2026.

Have a safe, healthy, and relaxing Christmas, everybody!

Discussion:

How was your month for capital deployment?

Did you start any new position(s) in December 2025?

I appreciate your readership and look forward to your comments below!

Expected Dividend Increases for January 2026

As I'm writing this blog post, it's currently Friday, December 12th. The temperature here in Central Wisconsin is only going to reach a high of 16 degrees Fahrenheit today, with the low registering at a frigid -14! After a few days with sub-zero lows, this will continue through Monday. Needless to say, winter is already in full swing, even though it doesn't officially begin until a week from tomorrow.

This brings me to the subject of today's blog post, which is reviewing dividend raises received in December 2025. I will also look ahead to the payout boosts I'm expecting for January 2026.

Actual Dividend Increases for December 2025

Dividend Increase #1: Broadcom (AVGO)

Broadcom announced a 10.2% boost in its quarterly dividend per share to $0.65. That was below my prediction of an 18.6% lift in the quarterly dividend per share to $0.70 outlined in this series' previous blog post. The fact that I was even entertaining the possibility of such a massive jump in the dividend speaks volumes about just how strong AVGO's fundamentals are right now. Still, I will gladly take a double-digit percentage payout hike.

My net annual forward dividends surged $4.80 higher across my 20 shares of AVGO due to this dividend announcement.

Dividend Increase #2: Bristol Myers Squibb (BMY)

Bristol Myers Squibb declared a 1.6% bump in its quarterly dividend per share to $0.63. This missed my expectation of a 3.2% increase to $0.64.

Across my 22 shares of BMY, my net annual forward dividends edged $0.88 higher from this dividend declaration.

Dividend Increase #3: Enbridge (ENB)

Enbridge announced a 2.9% raise in its quarterly dividend per share from 0.9425 to 0.9700 CAD.

Adjusting for my revision in the annual dividend per share from $2.742 to $2.816 (including slight weakness in the CAD to USD exchange rate since my last update), my net annual forward dividends grew by $6.438 across my 87 shares due to this dividend announcement.

Dividend Increase #4: Mastercard (MA)

Mastercard declared a 14.5% boost in its quarterly dividend per share to $0.87. That was in line with my forecast for the company.

Across my five shares of MA, my net annual forward dividends rose by $2.20 from this dividend declaration.

Dividend Increase #5: Realty Income (O)

Realty Income announced a 0.2% increase in its monthly dividend per share to $0.27 (they tend to announce four of these token raises each year and one larger raise around 2% to 3%). This was what I predicted.

My net annual forward dividends grew by $0.918 across my 153 shares of O due to this dividend announcement.

Dividend Increase #6: WEC Energy Group (WEC)

WEC Energy Group declared that it planned to up its quarterly dividend per share by 6.7% to $0.9525.

Across my 25 shares of WEC, my net annual forward dividends rose by $6 from this preliminary dividend announcement.

Dividend Freeze: Pfizer (PFE)

Pfizer held its quarterly dividend per share at $0.43. This was less than the 2.3% raise to $0.44 that I was expecting.

Expected Dividend Increases for January 2026

Expected Dividend Increase #1: Air Products & Chemicals (APD)

The first dividend increase that I'm expecting for next month will be from Air Products & Chemicals. My best guess is that APD will declare a 2.2% raise in its quarterly dividend per share to $1.83.

Across my five shares of APD, my net annual forward dividends would edge higher by $0.80 due to such a dividend declaration.

Expected Dividend Increase #2: BlackRock (BLK)

The next dividend raise that I'm projecting for January will come from BlackRock. I believe that BLK will announce a 7.7% boost in its quarterly dividend per share to $5.61.

My net annual forward dividends would grow by $3.20 across my two shares of BLK from such a dividend announcement.

Expected Distribution Increase #3: Comcast (CMCSA)

The third dividend increase that I'm predicting for next month will be from Comcast. My guess is that CMCSA will declare a 6.1% hike in its quarterly dividend per share to $0.35.

Across my 39 shares of CMCSA, my net annual forward dividends would rise by $3.12 due to such a dividend declaration.

Expected Distribution Increase #4: Enterprise Products Partners (EPD)

The next distribution bump that I'm expecting for January will come from Enterprise Products Partners. My best guess is that EPD will announce a 2.8% increase in its quarterly distribution per unit to $0.56.

My net annual forward distributions would surge $16.50 higher across my 275 units of EPD from such a distribution announcement.

Expected Dividend Increase #5: Energy Transfer (ET)

The fifth distribution increase that I'm projecting for next month will be from Energy Transfer. I believe that ET will declare a 0.8% bump in its quarterly distribution per unit to $0.335.

Across my 207 units of ET, my net annual forward distributions would grow by $2.07 due to such a distribution declaration.

Expected Dividend Increase #6: Alliant Energy (LNT)

The final dividend raise that I'm predicting for January will come from Alliant Energy. My guess is that LNT will make its planned 5.4% increase in its quarterly dividend per share to $0.5350 from last month official.

This would increase my net annual forward dividends by $1.43 across my 13 shares of LNT.

Concluding Thoughts:

My net annual forward dividends grew by $21.236 (not including slight downward adjustments in net annual forward dividends from BTI, GSK, and NVO from foreign currency translation swings). This would be like investing $707.87 at a 3% net dividend yield.

If my expected dividend raises pan out for January, my net annual forward dividends will have risen by $27.12. That would be equivalent to investing $904 at a 3% dividend yield.

Discussion:

How has your December 2025 been for dividend boosts?

Have you received any first-time dividend hikes for the month?

Thanks for reading and please feel free to comment below!

January 2026 Dividend Stock Watch List

As I'm writing this blog post, it's currently Friday, December 5th. The temperature here in Central Wisconsin is expected to reach a high of 24 degrees Fahrenheit later today, with some snow in the forecast. This is exactly what you would expect living here in early December.

I have already made all the stock purchases that I anticipate for this month. That's why I'm going to be taking a moment to look ahead to the stocks that are on my watch list for January 2026.

Dividend Stock #1: Brookfield Asset Management (BAM)

The first dividend stock on my watch list for January 2026 is Brookfield Asset Management. The crux of my investment thesis can be found in my September Seeking Alpha article.

Essentially, BAM is an industry leader in the thriving alternative asset management industry. The company has plenty of liquidity and an A- S&P credit rating, too. On top of a 3.3% dividend yield, BAM is targeting at least 15% annual dividend growth. The current $53 share price is also moderately below my $58 fair value estimate, which could set it up for 20% annual total returns through 2030.

Dividend Stock #2: Mastercard (MA)

The next dividend stock that I'm watching for next month is Mastercard. Interested readers can peruse my investment thesis in this recent article.

Despite over $10 trillion in TTM gross dollar volumes, Mastercard has plenty of room to grow further. This is evidenced by an $11 trillion consumer secular opportunity upon which it is capitalizing. Mastercard's 0.6% dividend yield is small, but its dividend can arguably grow at a mid-teens percentage annually over the long haul. The company also possesses an A+ S&P credit rating. I also estimate that shares are worth $605 each, which equates to a decent discount to fair value. That's why I envision 15% annual total returns from Mastercard by the end of 2030.

Dividend Stock #3: VICI Properties (VICI)

The third dividend stock on my watch list for January 2026 is VICI Properties.

My investment thesis is essentially that VICI owns some of the best properties in the world. Along with annual contractual lease escalators that are increasingly being linked to inflation, this should provide it with the ability to grow AFFO per share by 3% to 4% each year. VICI's BBB- S&P credit rating is another positive. The company's 6%+ dividend yield is also well-covered by its AFFO generation, with a payout ratio in the mid-70% range for 2025. At the current $28 share price, shares are trading at a forward 12-month P/AFFO ratio of 11.6, according to FAST Graphs. This is below my fair value P/AFFO ratio of 14.5 and could lead to 13% annual total returns through 2030.

Bonus Dividend Stock: Microsoft (MSFT)

The final dividend stock that I'm watching for next month is Microsoft.

My general investment thesis is that MSFT is a leader in multiple fast-growing markets, such as cloud computing and enterprise software. The company boasts an immaculate AAA S&P credit rating. MSFT's 0.7% dividend yield comes with a payout ratio in the low-20% range for FY 2026. At the current $491 share price, the stock's forward 12-month P/E ratio of 28.5 is below its nine-year average P/E ratio of 30.4 ($523 fair value per share estimate). That puts MSFT in a position to deliver 15% annual total returns by the end of calendar year 2030.

Concluding Thoughts:

There we have it. I'm planning on allocating approximately 40% to BAM, nearly 25% to VICI, and the remainder pretty evenly to MA and MSFT. This should provide a net dividend yield of right around 3% to go with enticing value and exceptional growth prospects.

Discussion:

Are any of BAM, MA, MSFT, or VICI on your watch list for January 2026?

If not, what stocks are you watching for next month/next year?

I appreciate your readership and welcome your comments below!

November 2025 Dividend Income

As I'm writing this blog post, it's Friday, November 28th. The temperature here in Central Wisconsin is going to reach a high of just 27 degrees Fahrenheit later today. In other words, it feels every bit like it will soon be December.

Now that the month is just about complete, I'll be looking at my net dividend income for November 2025. Without further ado, let's dig into it!

Net Dividend Income Surpassed $650

In November 2025, I received $654.25 in net dividends (including ADR fees for British American Tobacco). Compared to the $622.85 in net dividends collected in August 2025, this is a 5% quarterly growth rate.

Relative to $449.18 in net dividends received in the year-ago period of November 2024, my net dividends were up 45.7%.

In my Charles Schwab account, I collected $616.04 in net dividends from 19 companies. The discrepancy between the number of dividend payments from August to November is explained by the timing of Novo Nordisk's (NVO) semiannual dividend and my sale of Abbott Laboratories (ABT) stock in August 2025. This higher income was made possible by additional purchases of ONEOK (OKE) in September 2025 and October 2025, as well as an additional MPLX buy in November 2025.

I received $21.63 in net dividends from three companies within my Fidelity IRA portfolio. This slight increase came from dividend boosts recently announced by Agree Realty (ADC) and Realty Income (O).

Finally, I collected $16.58 in net dividends from three companies in my Webull account. Modestly unfavorable currency translation on dividends received from BTI led net dividends incrementally lower.

Concluding Thoughts:

November 2025 represented another month of progress for the dividend growth stock portfolio. Through the first 11 months of the year, my net dividends received are up almost 28% over the first 11 months of 2024. By the grace of God, I aim to continue this compounding for many more years and decades.

Discussion:

How was your dividend income in November 2025?

Did you receive any first-time dividend payments during the month?

Thanks for reading and please feel free to comment below!