May 2023 Dividend Stock Purchases

As I'm writing this blog post on June 1, it's hard to believe that the month of May is already past us! Summer may be three weeks away on the calendar, but it is certainly here in an unofficial sense: The high temperature is expected to reach 81 degrees Fahrenheit here in Central Wisconsin today.

With that aside, let's take a look at the stock purchases that I completed in May 2023.

My first stock purchase for the month of May was a share of Alphabet (GOOGL) at a cost of $116.69. For those curious on my investment thesis for GOOGL, it remains unchanged from my initial purchase of the stock in July 2022.

The next stock purchase that I made last month was a share of Amazon (AMZN) at a total price of $110.86. Like GOOGL, interested readers can check out my investment thesis on AMZN in my April 2022 Dividend Stock Purchases blog post.

My first dividend stock purchase executed in the month of May was four shares of Crown Castle International (CCI) at an average cost per share of $112.63. For more details on why I like the stock (and Innovative Industrial Properties), please feel free to check out this Motley Fool article from last December. This transaction added $25.04 to my net annual forward dividends, which equates to a net dividend yield of 5.56%.

The next dividend stock purchase that I completed last month was 14 shares of Comcast (CMCSA) at an average price of $39.83 a share. For my buying rationale, you can check out my May 2023 Dividend Stock Watch List blog post. This order boosted my net annual forward dividends by $16.24, which is equivalent to a 2.91% dividend yield.

My third dividend stock purchase that I made in May was three shares of Texas Instruments (TXN) at an average cost per share of $176.09. My thoughts on the stock can also be found within my May 2023 Dividend Stock Watch List blog post linked above. The $14.88 in net annual forward dividends that I added to my portfolio from this purchase works out to a net dividend yield of 2.82%.

The next dividend stock purchase that I executed last month was four shares of NextEra Energy (NEE) at an average price of $73.33 per share. Intrigued readers can peruse my Motley Fool article from last month on the stock (and Broadcom) for my investment thesis. This dividend stock purchase increased my net annual forward dividends by $7.48, which equates to a 2.55% dividend yield.

My fifth dividend stock purchase that I completed in May was two shares of Home Depot (HD) at an average cost per share of $290.17. Readers can pore over my May 2023 Dividend Stock Watch List blog post linked above for my basic investment thesis. This transaction added $16.72 to my net annual forward dividends, which is equivalent to a net dividend yield of 2.88%.

The last dividend stock purchase that I made in May was two shares of Albemarle (ALB) at an average price of $200.15 per share. My investment thesis for ALB (and Procter & Gamble and Air Products and Chemicals) can be found in this Motley Fool article from April. This dividend stock purchase raised my net annual forward dividends by $3.20, which works out to a 0.8% dividend yield.

Concluding Thoughts:

I allocated $3,037.90 in capital to stock purchases last month. Compared to the $83.56 in net annual forward dividends that I added to my portfolio in May 2023, this equates to a weighted average net dividend yield of 2.75%.

Coupled with the $6.84 in net annual forward dividends growth from payout hikes during the month, my net annual forward dividends soared from more than $3,740 at the start of May to just shy of $3,830 at the end of the month.

Discussion:

How was your May 2023 for dividend stock purchases?

Did you start any new positions last month?

I appreciate your readership and welcome your comments below!

Expected Dividend Increases for June 2023

As I'm writing this blog post on Saturday, May 27th, the temperature is poised to reach a high of 75 degrees Fahrenheit here in Central Wisconsin. Add in that it will be a mostly sunny day and the conditions are ripe for an absolutely spectacular day. That's precisely why I plan on getting outside later today!

With that aside, the month is May is just about over. This means that now is a good time to look at the dividend increases that I received for the month and to look ahead to June.

Actual Dividend Increases for May 2023

Dividend Increase #1: Main Street Capital (MAIN)

As indicated in my previous post of this series, Main Street Capital declared a 2.2% increase in its monthly dividend per share to $0.23. This lifted my net annual forward dividends by $1.80 across my 30 shares of MAIN.

Dividend Increase #2: Simon Property Group (SPG)

Simon Property Group announced a 2.8% raise in its quarterly dividend per share to $1.85. Across my nine shares of SPG, my net annual forward dividends grew by $1.80 from this announcement.

Dividend Increase #3: Leggett & Platt (LEG)

Leggett & Platt declared a 4.5% bump in its quarterly dividend per share to $0.46. This declaration led my net annual forward dividends higher by $1.20 across my 15 shares of LEG.

Dividend Increase #4: Medtronic (MDT)

Medtronic announced a 1.5% increase in its quarterly dividend per share to $0.69, which came in below my estimate of a 5.9% boost in the quarterly dividend per share to $0.72. Across my eight shares of MDT, my net annual forward dividends grew by $0.32 due to this announcement.

Dividend Increase #5: Lowe's (LOW)

Lowe's declared a 4.8% raise in its quarterly dividend per share to $1.10. This was less than my prediction of an 8.6% lift in the quarterly payout per share to $1.14. My net annual forward dividends were lifted higher by $1.60 across my eight shares of LOW from this declaration.

Dividend Increase #6: American Tower (AMT)

American Tower announced a 0.6% bump in its quarterly dividend per share to $1.57. Across my three shares of AMT, my net annual forward dividends increased by $0.12 due to this announcement.

Expected Dividend Increases for June 2023

Expected Dividend Increase #1: Realty Income (O)

The first dividend increase that I'm predicting for next month will be from Realty Income. I believe O will declare a 0.2% raise in its monthly dividend per share to $0.2555. If this raise plays out, my net annual forward dividends would grow by $0.144 across my 24 shares of O.

Expected Dividend Increase #2: W.P. Carey (WPC)

The next payout bump that I am expecting for June is from W.P. Carey. My best guess is that WPC will announce a 0.2% increase in its quarterly dividend per share to $1.069. Across my seven shares of WPC, my net annual forward dividends would rise by $0.056 from such an announcement.

Expected Dividend Increase #3: UnitedHealth Group (UNH)

The third dividend increase that I'm projecting for next month will be from UnitedHealth Group. I anticipate that UNH will declare a 12.1% boost in its quarterly dividend per share to $1.85. My net annual forward dividends would soar by $2.40 across my three shares due to such a declaration.

Expected Dividend Increase #4: General Mills (GIS)

The final payout raise that I am expecting for June is from General Mills. I believe GIS will announce a 5.6% increase in its quarterly dividend per share to $0.57. Across my four shares of GIS, my net annual forward dividends would grow by $0.48 from such an announcement.

Concluding Thoughts:

My net annual forward dividends rose by $6.84 from the six dividend increases that I received in May. This would be equivalent to investing $228 at a weighted average 3% dividend yield. 

Looking at June, my net annual forward dividends could climb by $3.08 if my predictions pan out. This would be the same as investing $102.67 at a net dividend yield of 3%. Last but certainly far from least, thanks to all of the military veterans (and their families) who have made the ultimate sacrifice for the United States of America!

Discussion:

How many payout raises did the holdings in your portfolio announce last month?

Did you receive any first-time dividend hikes in May 2023?

Thanks for reading and please feel free to comment below!

June 2023 Dividend Stock Watch List

As I'm writing this blog post on Friday, May 19th, the weather is set to be ideal here in Central Wisconsin. The high temperatures are going to reach into the low- to mid-70s Fahrenheit this weekend with sunshine. That's precisely why I plan on knocking this blog post out of the way to get outside this weekend!

With the month of May not far away from being complete, now would be a good time to highlight three dividend stocks that are on my radar for June 2023.

Image source: Pexels

Dividend Stock #1: Enterprise Products Partners (EPD)

The first dividend stock on my watch list for June 2023 is Enterprise Products Partners (EPD). It has been a while since I covered the stock on Motley Fool. But the basic premise of my investment thesis remains intact from my prior article covering EPD last November (as well as Altria Group and VICI Properties).

Natural gas, crude oil, and petrochemicals are essential to the modern economy and will remain that way for at least several decades. And few companies stand to benefit as much from the demand for these products as EPD, with its 50k-plus miles of energy infrastructure throughout the U.S. The company has also grown its distribution for almost a quarter of a century (nearly as long as I have been alive). Income investors can pick up the stock's 7.5% distribution yield at a unit price of just $26.15 (as of May 19, 2023).

Dividend Stock #2: General Dynamics (GD)

The next dividend stock I'm watching for next month is General Dynamics (GD). As I explained in my previous Motley Fool article on the stock (and Home Depot and Genuine Parts) earlier this month, defense contractors won't be going away anytime soon.

As one of the biggest players in its industry, GD is well-positioned to keep growing in the future. Coupled with a market-beating 2.5% dividend yield, the stock is a solid buy in my opinion at the current $211 share price (as of May 19, 2023).

Dividend Stock #3: Medtronic (MDT)

The third dividend stock on my watch list for June 2023 is Medtronic (MDT). Readers looking for a more in-depth dive into MDT can check out my last Motley Fool article on the stock (and Cigna) from last month.

Basically, MDT's varying medical devices reach tens of millions of patients each year. And with the company investing billions of dollars each year on research and development, its reach is likely to grow in the future. This should support respectable growth in the payout moving forward as well. Dividend growth investors can buy the stock and its 3.1% dividend yield at an attractive share price of just $89.64 (as of May 19, 2023).

Concluding Thoughts:

If things go as planned, June 2023 will be another month of capital deployment in the low-$3,000 range. I'm looking forward to adding to my positions in at least several world-class dividend growth stocks next month!

Discussion:

Are any of EPD, GD, or MDT on your watch list for next month?

If not, what stocks are you thinking about buying in June 2023?

I appreciate your readership and welcome your comments below!

April 2023 Dividend Income

As I'm writing this blog post on May 12, the temperature here in Central Wisconsin is expected to reach 70 degrees Fahrenheit and we are receiving some much-needed rain to green up the grass.

With that aside, now is a good time to discuss the dividend income that I received in April 2023. Let's dig in.

During April 2023, I collected $222.78 in net dividends. This works out to a 1.3% quarterly growth rate against the $220.01 in net dividends received in January 2023.

Compared to the $139.19 in net dividends collected in April 2022, my net dividends grew at a year over year rate of 60.1%.

Going into further detail, I received $212.73 in net dividends from 29 stocks in my Robinhood portfolio. The four stocks within my Webull account produced $9.90 in net dividends for the quarter. Finally, I collected $0.15 in net dividends from seven stocks in my M1 Finance portfolio.

My net dividends received across my accounts edged $2.77 higher, which was due to the following activity:

I collected an extra $4.68 in net dividends from American Tower (AMT) within my Robinhood portfolio, which was the result of the timing of the dividend payment.

My net dividends received from Comcast (CMCSA) grew by $0.50 in my Robinhood account. This was due to the 7.4% dividend hike announced in January.

I collected an additional $0.22 in net dividends from Cisco (CSCO) within my Robinhood portfolio, which was the result of the 2.6% payout increase declared in February.

My net dividends received from Dollar General (DG) increased by $2.36 in my Robinhood account. This was due to my decision to open a position in the company in March.

I collected an extra $0.01 from STAG Industrial (STAG) within my Robinhood portfolio, which was the result of the 0.7% dividend raise in January.

My net dividends received from W.P. Carey (WPC) also rose by $0.01 in my Robinhood account. This was due to the 0.2% dividend increase announced in March.

I collected an additional $1.35 in net dividends from Main Street Capital (MAIN) within my Robinhood portfolio, which was the result of my purchase of six shares of MAIN in January.

My net dividends received from Realty Income (O) increased by $0.12 in my Robinhood account. This was due to the 2.4% dividend raise declared in February and the 0.2% raise in March.

I collected an extra $0.09 in net dividends from GSK Plc (GSK) within my Robinhood and M1 Finance portfolios, which was the result of the variability of its dividend payments.

My net dividends received from Kimberly Clark (KMB) increased by $0.08 in my Robinhood account. This was due to the 1.7% dividend increase announced in January.

I collected an additional $4.60 in net dividends from Coca-Cola (KO) within my Robinhood portfolio, which was the result of the timing of the dividend payment.

My net dividends received from FedEx (FDX) increased by $1.15 in my Robinhood account. This was due to my purchase of another share in December.

I collected an extra $5.00 in net dividends from Automatic Data Processing (ADP) within my Robinhood portfolio, which was the result of my purchase of four shares in February.

My net dividends received from Genuine Parts (GPC) rose by $0.33 in my Robinhood account. This was due to the 6.1% dividend hike declared in February.

I collected an additional $0.20 in net dividends from Allstate (ALL) within my Robinhood portfolio, which was the result of a 4.7% payout raise announced in February.

My net dividends received from Albemarle (ALB) grew by $0.03 in my Robinhood and Webull accounts. This was due to the 1.3% dividend increase declared in February.

I collected $6.02 less in net dividends from JPMorgan Chase (JPM) within my Robinhood and M1 Finance account, which was due to the timing of the dividend payment.

My net dividends received from PepsiCo (PEP) in my Robinhood and M1 Finance portfolios were $4.62 lower. This was the result of the dividend payment timing.

I collected $7.32 less in net dividends from Digital Realty Trust (DLR) in my Robinhood account, which was again due to the timing of the dividend payment.

Concluding Thoughts:

Since I plan on maintaining my monthly capital deployment in the range of $3,000 to $3,500, my net dividends should continue to steadily grow at a rapid rate moving forward.

Discussion:

How was your dividend income last month?

Did you receive any first-time dividends in April 2023 as I did with ADP and DG?

Thanks for reading and please feel free to leave a comment below!

Expected Dividend Increases for May 2023

As I'm writing this blog post, the month of April has been over for a week. But you certainly wouldn't know it by the weather here in Central Wisconsin: Only in recent days have we surpassed 60 degrees Fahrenheit for the first time in several weeks.

With that in mind, let's go over the payout raises that I received in April 2023 and look ahead to the dividend boosts that I am expecting in May 2023.

Actual Dividend Increases for April 2023

Dividend Increase #1: FedEx (FDX)

FedEx announced a 9.6% hike in its quarterly dividend per share to $1.26. Across my four shares of FDX, my net annual forward dividends rose by $1.76 from this announcement.

Dividend Increase #2: Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers declared an 11.4% boost in its quarterly dividend per share to $0.245. My net annual forward dividends were lifted higher by $1.10 across my 11 shares of SKT from this declaration.

Dividend Increase #3: Southern Company (SO)

Southern Company announced a 2.9% increase in its quarterly dividend per share to $0.70, which was in line with my expectations in the prior blog post of this series. Across my five shares of SO, my net annual forward dividends edged upward by $0.40 from this announcement.

Dividend Increase #4: Johnson & Johnson (JNJ)

Johnson & Johnson declared a 5.3% lift in its quarterly dividend per share to $1.19. This was just below my prediction of a 6.2% raise. My net annual forward dividends surged higher by $1.20 across my five shares of JNJ from this declaration.

Dividend Increase #5: Raytheon Technologies (RTX)

Raytheon Technologies announced a 7.3% hike in its quarterly dividend per share to $0.59, which was on the money with my forecast. Across my seven shares of RTX, my net annual forward dividends rose by $1.12 from this announcement.

Dividend Increase #6: International Business Machines (IBM)

International Business Machines declared a token 0.6% increase in its quarterly dividend per share to $1.66. This was below my expectation of a 3% bump in the payout. My net annual forward dividends edged $0.24 higher across my six shares of IBM from this declaration.

Dividend Increase #7: American Water Works (AWK)

American Water Works (AWK) announced an 8% raise in its quarterly dividend per share to $0.7075, which was less than the 9.1% boost that I was anticipating. Across my four shares of AWK, my net annual forward dividends edged upward by $0.84 from this announcement. 

Dividend Increase #8: Energy Transfer (ET)

Energy Transfer declared a 0.8% bump in its quarterly distribution per unit to $0.3075. My net annual forward distributions increased by $0.86 across my 86 units of ET from this declaration.

Expected Dividend Increases for May 2023

Already Announced: Simon Property Group (SPG)

I was late to the party on this prediction as Simon Property Group already announced a 2.8% raise in its quarterly dividend per share to $1.85. But I swear that this was my prediction (lol). Across my nine shares, this boosted my net annual forward dividends by $1.80 from this announcement.

Already Announced: Leggett & Platt (LEG)

Similar to SPG, Leggett & Platt has already declared a 4.5% increase in its quarterly dividend per share to $0.46. My net annual forward dividends surged higher by $1.20 across my 15 shares of LEG from this declaration.

Already Announced: Main Street Capital (MAIN)

Main Street Capital already upped its monthly dividend per share by 2.2% to $0.23. Across my 30 shares of MAIN, my net annual forward dividends were boosted by $1.80 from this announcement.

Expected Dividend Increase #1: Union Pacific (UNP)

The first dividend raise that I'm expecting for the month of May that hasn't already been declared will be from Union Pacific. I believe UNP will up its quarterly dividend per share by 6.9% to $1.39. My net annual forward dividends would rise by $1.44 across my four shares of UNP from such a declaration.

Expected Dividend Increase #2: Medtronic (MDT)

My second payout hike that I am forecasting for this month is from Medtronic. My best guess is that MDT will announce a 5.9% increase in its quarterly dividend per share to $0.72. Across my eight shares of MDT, my net annual forward dividends would be boosted by $1.28 from this announcement.

Expected Dividend Increase #3: Lowe's (LOW)

The third and final payout increase that I'm expecting yet for this month will be from Lowe's. My prediction is that Lowe's will declare an 8.6% raise in its quarterly dividend per share to $1.14. My net annual forward dividends would be lifted by $2.88 across my eight shares of LOW from such a declaration.

Concluding Thoughts:

My net annual forward dividends rose by $7.52 due to the eight payout raises that I received in April. This is equivalent to investing $250.67 at a weighted average dividend yield of 3%.

The three dividend hikes that I already received for May paired with the three others that I am expecting would lift my net annual forward dividends by $10.40. This is the same as investing $346.67 at a weighted average net yield of 3%.

Discussion:

How many dividend increases were announced by the holdings in your portfolio during the month of April 2023?

Did you receive any first-time payout boosts last month?

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

April 2023 Dividend Stock Purchases

As I'm writing this blog post, it is Saturday, April 29th. The temperature here in Central Wisconsin is expected to reach a high of just 44 degrees Fahrenheit, which is well below the average for this time of year.

Since we're at the end of the month, now is an excellent time to dig into the stock purchases that I made in April 2023.

My first dividend stock purchase during the month was seven shares of Realty Income (O) at an average cost per share of $62.20. Readers looking for my investment thesis could check out my April 2023 Dividend Stock Watch List blog post. This transaction lifted my net annual forward dividends by $21.42, which is equivalent to a 4.92% net dividend yield.

The next stock purchase that I made in April was a share of Amazon (AMZN) at a cost of $102.05. As I explained a year ago when I first started buying the stock, AMZN is an unstoppable tech giant with leading positions in online retail and cloud computing.

My other stock purchase executed during the month was one share of Alphabet (GOOGL) at a price of $106.42. Since the investment thesis remains intact in my opinion, readers can check out my blog post from last July on why I am bullish toward GOOGL stock. 

The second dividend stock purchase that I made in April was two shares of Visa (V) at an average cost of $232.66 a share. Again, readers can view my April 2023 Dividend Stock Watch List blog post for my basic investment thesis on V. My net annual forward dividends increased by $3.60 from this transaction, which works out to a 0.77% dividend yield.

My third dividend stock purchase completed during the month was 11 shares of TJX Companies (TJX) at an average price per share of $77.72. Readers can again visit my April 2023 Dividend Stock Watch List blog post linked above for the investment thesis on TJX. This activity boosted my net annual forward dividends by $14.63, which equates to a 1.71% net dividend yield.

The fourth dividend stock purchase that I made in April was five shares of Philip Morris International (PM) at an average cost of $99.13 a share. Readers can take a look at my recent Motley Fool article for the investment thesis on why I continue to add to my position in PM. My net annual forward dividends rose by $25.40 from this purchase, which is equivalent to a 5.12% dividend yield.

My fifth and final dividend stock purchase that I completed during the month was two shares of Air Products & Chemicals (APD) at an average price per share of $291.66. Readers curious about my investment thesis for APD can peruse this recent Motley Fool article on the stock (and Procter & Gamble and Albemarle). My net annual forward dividends surged $14 higher from this transaction, which works out to a 2.4% dividend yield.

Concluding Thoughts:

I put $3,043.01 in capital to work in the month of April 2023. My dividend stock purchases helped my net annual forward dividends to soar by $79.05, which equates to a weighted average dividend yield of 2.6%.

Along with the dividend increases that I received this month, my net annual forward dividends grew from nearly $3,655 at the start of the month to over $3,740 heading into May.

Discussion:

How was your April 2023 for capital deployment?

Did you open up any new positions during the month as I did with TJX?

Thanks for your readership and please leave your comments below!

May 2023 Dividend Stock Watch List

As I'm writing this blog post on April 15th, it's my 26th birthday. The temperature here in Central Wisconsin is going to dip down to a high of just 34 degrees Fahrenheit on Monday, which is well below the average for this time of year.

With just two weeks left in April, let's take a look at three dividend stocks that are on my watch list for May 2023.

Image source: Pexels

Dividend Stock #1: Comcast (CMCSA)

The first dividend stock on my watch list for next month is Comcast (CMCSA). Readers can check out my October 2022 Dividend Stock Watch List blog post for more details on why I like the stock.

Basically, CMCSA offers a safe and market-beating 3.1% dividend yield to investors at the current $38 share price (as of April 15, 2023). Coupled with high-single-digit annual earnings growth prospects, this is a nice mix of income and growth. Best of all, the stock is trading at a forward P/E ratio of just 10.4 based on the average analyst EPS estimate of $3.66 for 2023.

Dividend Stock #2: Home Depot (HD)

The next dividend stock on my watch list for May is Home Depot (HD). Interested readers can peruse my Motley Fool article on the stock from last month for the specifics of my investment thesis.

In a nutshell, HD's market-topping 2.9% dividend yield is sustainable. Home ownership doesn't seem as though it will be going out of style anytime soon, which should lead to fairly steady revenue for the home improvement retail industry that HD leads. Finally, analysts anticipate that HD will generate $15.82 in 2023 EPS. Against the current $293 share price (as of April 15, 2023), this equates to a reasonable forward P/E ratio of 18.5.

Dividend Stock #3: Texas Instruments (TXN)

The third dividend stock on my watch list for next month is Texas Instruments (TXN). My investment thesis remains unchanged from last August.

Electronics like smartphones and laptops are becoming a bigger part of our personal and business routines. And TXN's semiconductor chips are what make our modern life possible. This makes the stock's 2.8% dividend yield quite safe moving forward. At the current $180 share price, TXN's forward P/E ratio is sensible at 23.5 based on the average 2023 analyst EPS estimate of $7.63.

Concluding Thoughts:

I expect to again deploy between $3,000 and $3,500 in capital for the month of May. With at least high-single-digit annual dividend growth potential, the stocks on my watch list for next month arguably do a great job of balancing starting income with future growth.

Discussion:

Are any of CMCSA, HD, or TXN on your watch list for May 2023?

If not, what stocks are you monitoring for next month?

Thanks for reading. Please feel free to comment below!

March 2023 Dividend Income

As I'm writing this blog post, the temperature is expected to reach a high of 57 degrees Fahrenheit today (April 8) here in Central Wisconsin. That's about what you'd expect for this time of year. But the temperature is expected to quickly ramp up to a high of 80 degrees Fahrenheit as soon as Wednesday!

With the month of March over a week behind us at this point, now would be a good time to delve into my dividend income for last month.

During the month of March 2023, I received $392.62 in net dividends. Against the $423.00 in net dividends that I collected in December 2022, this is a quarterly contraction rate of 7.2%.

Compared to the $302.53 in net dividends that I received in March 2022, my net dividends grew by 29.8% over the year-ago period.

Digging deeper, I collected $296.44 in net dividends from 47 companies in my Robinhood portfolio. My net dividends received from the Capital Income Builder (CAIBX) mutual fund within my retirement account were $80.24. I collected $15.40 in net dividends from six companies in my Webull portfolio. Finally, I received $0.54 in net dividends from 25 companies within my M1 Finance account.

The $30.38 decrease in net dividends collected from December 2022 to March 2023 was due to the following activity in my portfolios:

My net dividends received from CAIBX were $73.43 lower within my retirement account. This was because in the prior period I received a special dividend.

I collected an extra $4.60 in net dividends from Broadcom (AVGO) in my Robinhood and Webull portfolios, which was the result of my purchase of another share in January 2023.

My net dividends received from PepsiCo (PEP) were an additional $4.62 within my Robinhood and M1 Finance accounts. That is due to the timing of PEP's dividend payment.

I collected $12.20 more in net dividends from Digital Realty Trust (DLR) in my Robinhood portfolio, which was the result of the timing of the dividend payment and my purchase of another four shares in February 2023.

My net dividends received from Union Pacific (UNP) were $1.30 higher within my Robinhood account. This was due to my purchase of another share in December 2022.

I collected an extra $0.40 in net dividends from BP plc (BP) in my Robinhood portfolio, which was the result of a 10.1% payout hike in February.

My net dividends received from Main Street Capital (MAIN) in my Robinhood account were $4.32 higher. This was due to my purchase of another six more shares of MAIN in January and a higher special dividend.

I collected an additional $0.68 in net dividends from Shell (SHEL) within my Robinhood portfolio, which was the result of a 15% lift in the dividend in February.

My net dividends received from L3Harris Technologies (LHX) were $0.08 higher in my Robinhood account. This was due to a 1.8% raise in the dividend back in February.

I collected an extra $0.57 in net dividends from Home Depot (HD) within my Robinhood portfolio, which was the result of the 10% raise announced in February.

My net dividends received from BlackRock (BLK) in my Robinhood account were up $0.24. This was due to the 2.5% dividend increase in January.

I collected an additional $0.50 in net dividends from Prudential Financial (PRU) within my Robinhood and Webull portfolios, which was the result of the 4.2% raise declared in February.

My net dividends received from STAG Industrial (STAG) were $0.01 higher in my Robinhood account. This was due to the 0.7% dividend increase announced in January.

I collected an extra $0.38 in net dividends from NextEra Energy (NEE) within my Robinhood portfolio, which was the result of the 10% raise declared in February.

My net dividends received from Realty Income (O) were $0.11 more in my Robinhood account. This was due to the 2.4% raise in the monthly dividend back in February.

I collected an additional $3.09 in net dividends from Tractor Supply (TSCO) within my Robinhood portfolio, which was the result of my dividend stock purchase in December 2022.

My net dividends received from 3M (MMM) increased by $0.06 in my Robinhood account. This was due to the 0.7% dividend bump in February.

I collected an extra $0.50 in net dividends from United Parcel Service (UPS) within my Robinhood portfolio, which was the result of the 6.6% dividend increase in January.

My net dividends received from American Electric Power (AEP) were $3.32 higher in my Robinhood account. This was due to my purchase of four more shares in January.

I collected an additional $1.36 in net dividends from Microsoft (MSFT) within my Robinhood portfolio, which was the result of my purchase of two more shares last November.

My net dividends received from Amgen (AMGN) were $5.02 more in my Robinhood account. This was due to my purchase of two shares in January and the 9.8% dividend increase last December.

I collected an extra $0.17 in net dividends from Pfizer (PFE) within my Robinhood portfolio, which was the result of the 2.5% payout raise in December.

My net dividends received from Aflac (AFL) were $0.22 higher in my Robinhood account. This was due to the 5% dividend increase last November.

I collected an additional $3.54 in net dividends from WEC Energy Group (WEC) within my Robinhood portfolio, which was the result of both a dividend hike in January and my purchase of four more shares in February.

My net dividends received from Coca-Cola were $4.40 lower within my Robinhood account. This was due to the timing of the dividend payment.

I collected an extra $0.12 in net dividends from T. Rowe Price Group (TROW) in my Robinhood portfolio, which was the result of the recent 1.7% dividend increase announced in February.

My net dividends received were $0.04 higher within my M1 Finance account. This was due to the timing of Fastenal's (FAST) $0.03 dividend payment and the $0.01 dividend from the recently spun-off Brookfield Corp (BN).

Concluding Thoughts:

Given that my typical capital deployment each month is in the neighborhood of $3,000 to $3,500, this should be my final end of quarter month with net dividends under $400.

Discussion:

How was your dividend income last month?

Did you receive any first-time dividends last month like I did with TSCO and BN?

Thanks for your readership. Please leave your comments below!

March 2023 Dividend Stock Purchases

As I'm writing this blog post on March 31, the temperatures here in Central Wisconsin remain frigid for this time of the year. The high is expected to reach just 41 degrees Fahrenheit later today.

With that aside, the end of the month means now would be a good time to look at the stock purchases that I made during March 2023.

Starting with my retirement account, I reinvested $80.24 in net dividends received from my mutual fund named Capital Income Builder (CAIBX). This purchased 1.293 shares of CAIBX, which boosted my net annual forward dividends by $2.75 at an annualized dividend per share of $2.13. That's equivalent to a 3.43% weighted average dividend yield.

My first dividend stock purchase in my taxable accounts during the month was three shares of Lowe's (LOW) at an average cost per share of $196.69. Readers interested in my buying rationale can refer to my March 2023 Dividend Stock Watch List blog post. This transaction boosted my net annual forward dividends by $12.60, which equates to a 2.14% net dividend yield.

The next dividend stock buy that I made in March was one share of Mastercard (MA) at a share price of $353.89. Again, readers can check out my aforementioned blog post for the basic investment thesis. This dividend stock purchase lifted my net annual forward dividends by $2.28, which works out to a 0.64% dividend yield.

My third dividend stock purchase during the month was four shares of AbbVie (ABBV) at an average cost per share of $156.09. Readers can once again view my aforementioned blog post for further explanation as to why I executed this transaction. My net annual forward dividends surged higher by $23.68, which is equivalent to a 3.79% net dividend yield.

The first non-dividend stock buy that I completed in March was 1.5 shares of Amazon (AMZN) at an average cost of $98.14 a share. My reasons for buying the tech juggernaut remain the same as when I opened a position in the stock nearly a year ago.

The other non-dividend stock that I purchased last month was one share of Alphabet (GOOGL) at a share price of $105.53. Like AMZN, the investment thesis guiding my purchase decision remains unchanged from when I started my position in the stock last July.

The fourth dividend stock that I added to in March was one share of UnitedHealth Group (UNH) at a total cost of $465.88. Readers wanting to know the investment thesis behind this transaction can check out my Motley Fool article from January. This dividend stock purchase added $6.60 to my net annual forward dividends, which equates to a 1.42% dividend yield.

The next dividend stock that I purchased last month was two shares of Tractor Supply (TSCO) at an average price per share of $230.33. Interested readers can take a look at my Motley Fool article from February for more detail on why I like the stock. This transaction raised my net annual forward dividends by $8.24, which works out to a 1.79% net dividend yield.

The sixth dividend stock that I added to in March was a share of Dollar General (DG) at a total cost of $207.02. Readers can check out my recent Motley Fool article for why I'm bullish toward the stock. This dividend stock purchase helped my net annual forward dividends to edge higher by $2.36, which is equivalent to a 1.14% dividend yield.

The final dividend stock purchase that I executed last month was a share of Automatic Data Processing (ADP) at a price per share of $219.94. Curious readers can skim the previous post in the series for my investment thesis. My net annual forward dividends increased by $5.00, which equates to a 2.42% net dividend yield.

Concluding Thoughts:

I deployed $3,254.78 in capital during the month of March. These dividend stock purchases boosted my net annual forward dividends by $63.51, which works out to a weighted-average dividend yield of 1.95%.

Along with $6.678 in dividend increases that I received for the month, my net annual forward dividends rose from nearly $3,585 heading into the month to almost $3,655 to end the month.

Discussion:

How was your capital deployment during March 2023?

Did you start any new positions in the month?

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

Expected Dividend Increases for April 2023

As I'm writing this blog post, it's the last few days of March. The high temperature is expected to reach 44 degrees Fahrenheit today (March 25) here in Central Wisconsin, which is a bit below the average high for this time of year.

With that aside, now would be a good time to discuss dividend increases that I received in March. I am not expecting any additional payout bumps in the next few days, but will update this post if needed. I'll also look ahead to the dividend raises that I am forecasting for next month.

Actual Dividend Increases for March 2023

Dividend Increase #1: General Dynamics (GD)

General Dynamics declared a 4.8% increase in its quarterly dividend per share to $1.32. This came in a bit below the 7.1% raise that I was expecting.

My net annual forward dividends edged $0.96 higher across my four shares of GD due to the payout raise.

Dividend Increase #2: W.P. Carey (WPC)

W.P. Carey announced a 0.2% bump in its quarterly payout per share to $1.067, which was less than the 0.4% increase that I predicted.

Across my seven shares of WPC, my net annual forward dividends inched upward by $0.056 as a result of the dividend announcement.

Dividend Increase #3: Realty Income (O)

Realty Income declared a 0.2% increase in its monthly dividend per share to $0.255. That was precisely as I projected.

My net annual forward dividends were lifted by $0.102 across my 17 shares of O due to the payout bump.

Dividend Increase #4: Dollar General (DG)

Dollar General announced a 7.3% hike in its quarterly dividend per share to $0.59, which wasn't the 10.9% boost that I was anticipating.

Across my three shares of DG, my net annual forward dividends increased by $0.48 as a result of the dividend announcement.

Dividend Increase #5: Williams-Sonoma (WSM)

Williams-Sonoma declared a 15.4% lift in its quarterly dividend per share to $0.90. This was more than double the 6.4% raise that I was predicting.

My net annual forward dividends were boosted by $4.80 across my 10 shares of WSM due to the payout increase.

Dividend Increase #6: Medifast (MED)

Medifast announced a 0.6% bump in its quarterly dividend per share to $1.65.

Across my seven shares of MED, my net annual forward dividends inched $0.28 higher as a result of the dividend announcement.

Dividend Freeze #1: American Tower (AMT)

American Tower kept its quarterly dividend per share in line with the previous at $1.56, which was below my expectation of a 1.3% increase.

Dividend Freeze #2: Innovative Industrial Properties (IIPR)

Innovative Industrial Properties held its quarterly dividend per share in line with the prior of $1.80, which was less than the 1.1% raise I was projecting.

Expected Dividend Increases for April 2023

Expected Dividend Increase #1: Southern Company (SO)

The first dividend increase that I'm expecting for next month is from Southern Company. I believe SO will announce a 2.9% bump in its quarterly dividend per share to $0.70.

My net annual forward dividends would increase by $0.40 across my five shares of SO if this raise were to play out as expected.

Expected Dividend Increase #2: Johnson & Johnson (JNJ)

The next payout hike that I am projecting in April will be from Johnson & Johnson. My best guess is that JNJ will declare a 6.2% increase in its quarterly dividend per share to $1.20.

Across my five shares, my net annual forward dividends would be lifted by $1.40 from such a dividend declaration.

Expected Dividend Increase #3: Raytheon Technologies (RTX)

The third dividend increase that I'm forecasting for next month is from Raytheon Technologies. I predict that RTX will announce a 7.3% hike in its quarterly dividend per share to $0.59.

My net annual forward dividends would increase by $1.12 across my seven shares of RTX due to such a dividend announcement.

Expected Dividend Increase #4: International Business Machines (IBM)

The next payout hike that I am forecasting in April will be from International Business Machines. My forecast is for a 3% bump in the quarterly dividend per share to $1.70.

Across my six shares of IBM, my net annual forward dividends would rise by $1.20 from such a dividend declaration.

Expected Dividend Increase #5: American Water Works (AWK)

The fifth dividend increase that I'm projecting for next month is from American Water Works. I believe that AWK will announce a 9.1% hike in its quarterly dividend per share to $0.72.

My net annual forward dividends would be lifted by $0.96 across my four shares of AWK from such an announcement.

Concluding Thoughts:

The six dividend increases that I received during March boosted my net annual forward dividends by $6.678. That's equivalent to investing $190.80 at a 3.5% dividend yield.

If I receive five dividend raises in the amount of $5.08 as I expect in April, this would be like investing $145.14 at a 3.5% net dividend yield.

Discussion:

How many dividend increases did you receive in March?

Did you receive any first-time payout hikes as I did with DG?

Thanks for reading. Please feel free to comment below!

April 2023 Dividend Stock Watch List

As I'm writing this blog post, it's already almost late March. But you wouldn't know it by the temperature here in Central Wisconsin. The high is expected to reach just 23 degrees Fahrenheit today (March 18, 2023).

With that in mind, now would be just as good of a time as any to look ahead to the next month. Let's dig into three dividend stocks on my watch list for April 2023.

Image Source: Pexels

Dividend Stock #1: TJX Companies (TJX)

The first dividend stock on my watch list for April is TJX Companies (TJX). Readers seeking more detail on why I like the stock can check out my Motley Fool article from earlier this month.

In a nutshell, TJX offers income investors above-average starting income compared to the S&P 500 index. And with the company still opening tons of stores, double-digit earnings growth can also sustain similar dividend growth moving forward. Finally, the stock's current year price-to-earnings (P/E) ratio of 21.2 (at the current $74 share price as of March 18, 2023) isn't unreasonable for its quality.

Dividend Stock #2: Visa (V)

The next dividend stock on my watch list for next month is Visa (V). Anyone looking for my investment thesis on the stock can take a look at my Motley Fool article from February.

Basically, V is poised to be the biggest winner from the shift toward alternative payments. This is why double-digit earnings growth lies ahead for the company, which will power significant dividend growth. The stock's current year P/E ratio of 25.8 (at the current $217 share price as of March 18, 2023) is a sensible valuation.

Dividend Stock #3: Realty Income (O)

The third dividend stock on my watch list for April is Realty Income (O). Readers can check out my latest Motley Fool article on the stock here.

As dominant of a REIT as O is, the company has a lengthy growth runway remaining. This should lead to mid-single-digit annual AFFO per share growth in the future. Along with a generous dividend and rational valuation, this makes the stock a buy (at the current $62 share price).

Concluding Thoughts:

April 2023 will (hopefully) be another month of capital deployment in the $3,000 to $3,500 range. As usual, I'm grateful to have the opportunity to buy so many wonderful businesses each month.

Discussion:

Are any of TJX, V, or O on your watch list for next month?

If not, what stocks are on your radar for April?

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

February 2023 Dividend Income

As I'm writing this blog post (on Saturday, March 11), it is currently 31 degrees Fahrenheit here in Central Wisconsin. With that weather report aside, I will discuss my dividend income for last month. Let's dive into it!

Analysis:

During February 2023, I received $248.08 in net dividends. This works out to an 8.5% quarterly growth rate over the $228.67 in net dividends that I collected from my portfolio in November 2022.

My net dividends rocketed 58.7% higher year over year compared to the $156.30 in net dividends that I received in February 2022.

Breaking it down by account, I collected $233.23 in net dividends from 30 companies within my Robinhood account. I received $14.52 in net dividends from three companies in my Webull portfolio. Finally, I collected $0.33 in net dividends from 14 companies within my M1 Finance account.

The net dividends that I received from November 2022 to February 2023 surged higher by $19.41, which was the result of the following activity in my portfolios:

I collected an extra $3.44 in net distributions from Energy Transfer (ET) within my Robinhood and Webull accounts. This was due to the 15.1% hike in the quarterly distribution per unit back in January.

My net dividends received from Main Street Capital (MAIN) were $1.47 higher in my Robinhood portfolio, which was the result of a 2.3% increase in the monthly dividend per share last November and my purchase of another six shares in January.

I collected an additional $0.32 in net dividends from Alliant Energy (LNT) within my Robinhood account. This was due to the 5.8% payout boost announced in January.

My net dividends received from STAG Industrial (STAG) were $0.01 higher in my Robinhood portfolio, which was the result of a 0.7% raise in the monthly dividend declared in January.

I collected an extra $0.24 in net dividends from Abbott Laboratories (ABT) within my Robinhood account. That was due to the 8.5% hike in the quarterly dividend per share announced last December.

My net dividends received from AbbVie (ABBV) were $0.49 greater in my Robinhood portfolio, which was the result of a 5% bump in the quarterly dividend per share declared last October.

I collected an additional $1.00 in net dividends from Realty Income (O) within my Robinhood account. This was due to my purchase of four more shares last November and the 0.2% dividend increase announced last December.

My net distributions received from Enterprise Products Partners (EPD) were $0.53 higher in my Robinhood portfolio, which was the result of the increase in the quarterly distribution per unit in January.

I collected an extra $0.34 in net dividends from ONEOK (OKE) within my Robinhood account. That was due to a 2.1% increase in the dividend per share back in January.

My net dividends received from Mastercard (MA) were $0.24 greater in my Robinhood portfolio, which was the result of a 16.3% dividend raise announced last December.

I collected an additional $4.92 in net dividends from Medifast (MED) within my Robinhood account. That was due to my purchase of three more shares last October.

My net dividends received from British American Tobacco (BTI) were $0.91 higher in my Robinhood portfolio, which was the result of its variable dividend payments.

I collected an extra $4.68 in net dividends from American Tower (AMT) within my Robinhood account. This was due to the timing of the dividend payment.

My net dividends received from CVS Health were $0.39 greater in my Robinhood portfolio, which was the result of the 10% dividend boost announced last December.

I collected an additional $0.45 in net dividends from Bristol-Myers Squibb (BMY) within my Robinhood account. This was due to the 5.6% dividend increase declared last December.

My net dividends received from my M1 Finance portfolio were $0.02 lower, which was the result of an extra $0.01 from Hormel Foods (HRL) from its recent dividend raise and $0.03 less from Fastenal (FAST) stemming from the timing of its dividend payment.

Concluding Thoughts:

I fell just short of surpassing $250 in net dividends in February 2023. But this should be the final middle-of-the-month quarter that my net dividend income is below that threshold. I'm looking forward to the opportunity to deploy more capital and push my net dividends higher in the months and years ahead.

Discussion:

How was your dividend income for last month?

Did you receive any first-time dividend payments?

Thanks for reading. Please feel free to comment below!

February 2023 Dividend Stock Purchases

As I'm writing this blog post, it's early March. The temperature is expected to reach a high of 38 degrees Fahrenheit for today (Saturday, March 4). I'll certainly take that temperature!

With that being said, now is a good time to look back on the dividend stock purchases that I made last month. Let's dig in.

I began the month by purchasing one share of Alphabet (GOOGL) at a cost of $103.02. As I explained in a blog post last year, I was compelled to buy the stock for its enviable market share in digital advertising and its eventual dividend.

The next stock purchase that I made was a share of Amazon (AMZN) at a price of $106.27. I executed this transaction because AMZN is a dominant player in e-commerce, cloud computing, and digital advertising.

My first dividend stock purchase during the month was four shares of WEC Energy Group (WEC) at an average cost per share of $92.73. The rationale for this buy can be found in my February 2023 Dividend Stock Watch List post. Given the $12.48 in net annual forward dividends that were added from this transaction, that equates to a 3.36% net dividend yield.

The next dividend stock purchase that I completed last month was four shares of Digital Realty Trust (DLR) at an average cost of $109.98 a share. Interested readers can again refer to the aforementioned February 2023 Dividend Stock Watch List post for more details. This transaction boosted my net annual forward dividends by $19.52, which works out to a 4.44% dividend yield.

My third dividend stock purchase was nine shares of Pfizer (PFE) at an average price per share of $43.97. This was an alternative dividend stock purchase to Fastenal (FAST) because it was my opinion that the stock ran up too much since I highlighted it in my February 2023 Dividend Stock Watch List post. This activity added $14.76 to my net annual forward dividends, which is equivalent to a 3.73% net dividend yield.

The next dividend stock purchase that I executed in February was four shares of Automatic Data Processing (ADP) at an average cost of $225.12 a share. ADP is the leader of the human resources and payroll management software and services industry. As long as businesses remain in business, there will always be a need for ADP. Coupled with strong earnings and dividend growth prospects, that is the case for owning the stock. This transaction added $20.00 in net annual forward dividends to my portfolio, which equates to a 2.22% dividend yield.

My fifth and final dividend stock purchase that I completed last month was eight shares of CVS Health (CVS) at an average price per share of $85.20. Readers seeking my investment thesis can find it in this recent Motley Fool article. This activity increased my net annual forward dividends by $19.36, which works out to a 2.84% net dividend yield.

Concluding Thoughts:

I deployed $2,997.89 in capital during the month of February 2023. These dividend stock purchases added $86.12 to my portfolio's net annual forward dividends, which is equivalent to a 2.87% dividend yield.

Paired with $19.194 in additional net annual forward dividends from February dividend increases, my net annual forward dividends surged from not quite $3,480 heading into the month to almost $3,585 at the end of the month.

Discussion:

How did you do with capital deployment in February 2023?

Did you open any new positions during the month as I did with ADP?

Thanks for your readership and please leave your comments below!

Expected Dividend Increases for March 2023

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!