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Tuesday, December 27, 2022

Expected Dividend Increases for January 2023

As I'm writing this blog post, it's already Christmas Eve. The temperature with wind chill is currently well below zero here in Central Wisconsin.

With the month and the year of 2022 just about over, now is the time to go over the dividend increases that I received in December. I'll also look ahead to the payout boosts that I'm expecting for January 2023.

Actual Dividend Increases for December 2022

Dividend Increase #1: Abbott Laboratories (ABT)

Abbott Laboratories announced an 8.5% hike in its quarterly dividend per share to $0.51. This was slightly higher than the 6.4% increase to $0.50 that I was expecting.

My net annual forward dividends edged upward by $0.96 across my six shares of ABT due to the dividend announcement.

Dividend Increase #2: Amgen (AMGN)

Amgen declared a 9.8% boost in its quarterly dividend per share to $2.13, which was above my estimate of $2.10.

Across my four shares of AMGN, my net annual forward dividends soared $3.04 higher as a result of the dividend declaration.

Dividend Increase #3: American Tower (AMT)

American Tower announced a 6.1% increase in its quarterly dividend per share to $1.56. This was higher than my projection of $1.54.

My net annual forward dividends inched $1.08 higher across my three shares of AMT due to the dividend announcement.

Dividend Increase #4: Broadcom (AVGO)

Broadcom declared a 12.2% hike in its quarterly dividend per share to $4.60, which was in line with my forecast of $4.60.

Across my three shares of AVGO, my net annual forward dividends rocketed $6.00 higher as a result of the dividend declaration.

Dividend Increase #5: Bristol Myers Squibb (BMY)

Bristol Myers Squibb announced a 5.6% increase in its quarterly dividend per share to $0.57. This was just below my expectation of $0.58.

My net annual forward dividends surged $1.80 higher across my 15 shares of BMY due to the dividend announcement.

Dividend Increase #6: CVS Health (CVS)

CVS Health declared a 10% raise in its quarterly dividend per share to $0.605, which was moderately higher than my estimate of $0.59.

Across my seven shares of CVS, my net annual forward dividends increased by $1.54 as a result of the dividend declaration.

Dividend Increase #7: Eastman Chemical (EMN)

Eastman Chemical announced a 3.9% bump in its quarterly dividend per share to $0.79. This was below my projection of $0.81.

My net annual forward dividends edged $0.84 higher across my seven shares of EMN due to the dividend announcement.

Dividend Increase #8: Realty Income (O)

Realty Income declared a 0.2% increase in its monthly dividend per share to $0.2485, which was lower than my forecast of $0.258.

Across my 17 shares of O, my net annual forward dividends inched $0.102 higher as a result of the dividend declaration.

Dividend Increase #9: Pfizer (PFE)

Pfizer announced a 2.5% lift in its quarterly dividend per share to $0.41. This was less than my expectation of $0.43.

My net annual forward dividends increased by $0.68 across my 17 shares of PFE due to the dividend announcement.

Dividend Increase #10: WEC Energy Group (WEC)

WEC Energy Group declared a 7.2% boost in its quarterly dividend per share to $0.78, which was just above my estimate of $0.7775.

Across my eight shares of WEC, my net annual forward dividends surged $1.68 higher as a result of the dividend declaration.

Dividend Increase #11: W.P. Carey (WPC)

W.P. Carey announced a 0.4% increase in its quarterly dividend per share to $1.065. This was better than the $1.063 that I was projecting.

My net annual forward dividends edged $0.112 higher across my seven shares of WPC due to the dividend announcement.

Dividend Increase #12: Mastercard (MA)

Mastercard declared a 16.3% hike in its quarterly dividend per share to $0.57, which was above my forecast of $0.55.

Across my three shares of MA, my net annual forward dividends increased by $0.96 as a result of the dividend declaration.

Dividend Freeze: Union Pacific (UNP)

Union Pacific kept its quarterly dividend per share in line with the previous of $1.30. But since the company typically boosts its dividend every May and the probability of a recession continues to rise, I'm perfectly fine with this dividend announcement.

Expected Dividend Increases for January 2023

Expected Dividend Increase #1: BlackRock (BLK)

The first dividend hike that I am expecting next month is from BlackRock. I believe that BLK will declare a 5.7% increase in its quarterly dividend per share to $5.16.

Across my two shares of BLK, my net annual forward dividends would increase by $2.24 from such an announcement.

Expected Dividend Increase #2: Realty Income (O)

The next payout boost that I'm forecasting in January will be from Realty Income. My projection is that O will announce a 3.8% increase in its monthly dividend per share to $0.258.

My net annual forward dividends would surge $1.938 higher across my 17 shares of O due to such an announcement.

Expected Dividend Increase #3: Alliant Energy (LNT)

The third dividend increase that I am predicting next month is from Alliant Energy. My best guess is that LNT will declare a 7% hike in its quarterly dividend per share to $0.4575.

Across my 13 shares of LNT, my net annual forward dividends would be lifted $1.56 higher from such a declaration.

Expected Dividend Increase #4: Kimberly Clark (KMB)

The next dividend bump that I'm projecting in January will be from Kimberly Clark. I believe that KMB will announce a 1.7% increase in its quarterly dividend per share to $1.18.

My net annual forward dividends would edge $0.32 higher across my four shares of KMB due to such an announcement.

Expected Dividend Increase #5: Comcast (CMCSA)

The fifth payout boost that I am expecting next month is from Comcast. My projection is that CMCSA will declare a 7.4% lift in its quarterly dividend per share to $0.29.

Across my 25 shares of CMCSA, my net annual forward dividends would surge $2.00 higher from such a declaration.

Expected Dividend Increase #6: STAG Industrial (STAG)

The next dividend increase that I'm projecting in January will be from STAG Industrial. My best guess is that STAG will announce a 1.4% bump in its monthly dividend per share to $0.123334.

My net annual forward dividends would edge $0.42 higher across my 21 shares of STAG from such an announcement.

Expected Dividend Increase #7: Tractor Supply (TSCO)

The seventh dividend hike that I am expecting next month is from Tractor Supply. I believe that TSCO will declare an 8.7% boost in its quarterly dividend per share to $1.00.

Across my three shares of TSCO, my net annual forward dividends would inch $0.96 higher from such a declaration.

Expected Dividend Increase #8: Dominion Energy (D)

The final dividend increase that I'm forecasting in January will be from Dominion Energy. My projection is that D will announce a 6.4% hike in its quarterly dividend per share to $0.71.

My net annual forward dividends would surge $1.02 higher across my six shares of D from such an announcement.

Concluding Thoughts:

The 12 dividend raises that I received in December boosted my net annual forward dividends by $18.794. This is equivalent to investing $536.97 in fresh capital at a weighted average dividend yield of 3.5%.

And the eight dividend hikes that I am expecting in January 2023 would raise my net annual forward dividends by $10.458. This would be the same as investing $298.80 at a net dividend yield of 3.5%.

Discussion:

How was your December 2022 for dividend hikes?

Did you receive any first-time payout boosts as I did with MA?

Thanks for reading and I look forward to your comments below!

2 comments:

  1. Looks like a great way to start off 2023 with lots of dividend increases! I'm looking forward to see what TSCO does since I initiated a position last year so this will be my first raise from them.

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  2. Having just opened a position in TSCO a few weeks ago myself, I am very much looking forward to see what the company decides to do with this raise. One thing's for sure: It certainly won't be as great as the 76.9% raise that got everyone's attention last year!

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