Expected Dividend Increases For July 2025

As I'm writing this blog post, it's currently Friday, June 13th. The temperature here in Central Wisconsin is predicted to reach a high of just 58 degrees Fahrenheit today (with rain in the forecast). That's well below the average for this time of the year. The good news is that high temperatures are expected to climb into the low to mid-70 degrees range for tomorrow and Sunday. It would still be below the average for this time of year, but that's ideal weather, especially with a partly sunny forecast.

With that out of the way, I thought now would be a good time to go over the dividend raises that I received in June. I'll also look ahead to the dividend increases that I'm predicting for July 2025.

Actual Dividend Increases For June 2025

Dividend Increase #1: UnitedHealth Group (UNH)

UNH upped its quarterly dividend per share by 5.2% to $2.21. This missed my expectations of a 7.1% increase to $2.25. All things considered, I'll take this raise. As I believe new (and past) CEO Stephen Hemsley works to right the ship and near-term headwinds eventually fade, I believe dividend growth can return to the low-double-digits.

In the meantime, this dividend announcement increased my net annual forward dividends by $3.52 across my eight shares of UNH.

Dividend Increase #2: FedEx (FDX)

FedEx declared a 5.1% increase in its quarterly dividend per share to $1.45. This was slightly below the 7.2% raise to $1.48 that I was expecting.

My net annual forward dividends grew by $1.12 across my four shares of FDX due to this dividend declaration.

Dividend Increase #3: Realty Income (O)

As expected, Realty Income announced a 0.2% increase in its monthly dividend per share to $0.2690.

Across my 139 shares of O, my net annual forward dividends increased by $0.834 from this dividend announcement.

Expected Dividend Increases For July 2025

Expected Dividend Increase #1: Cummins (CMI)

The first dividend raise that I'm expecting for next month will come from Cummins. My hunch is that CMI will declare a 7.1% boost in its quarterly dividend per share to $1.95.

My net annual forward dividends would rise by $2.60 across my five shares of CMI due to such a dividend declaration.

Expected Dividend Increase #2: Duke Energy (DUK)

The next dividend increase that I'm predicting for July 2025 will be from Duke Energy. I believe that DUK will announce a 4.3% raise in its quarterly dividend per share to $1.09.

Across my six shares of DUK, my net annual forward dividends would grow by $1.08 from such a dividend announcement.

Expected Distribution Increase #3: Enterprise Products Partners (EPD)

The third distribution bump that I'm forecasting for next month will come from Enterprise Products Partners. My best guess is that EPD will declare a 1.9% increase in its quarterly distribution per unit to $0.545.

My net annual forward distributions would be boosted by $10 across my 250 units of EPD due to such a distribution declaration.

Expected Distribution Increase #4: Energy Transfer (ET)

The next distribution raise that I'm expecting for July 2025 will be from Energy Transfer. My hunch is that ET will announce a 0.8% increase in its quarterly distribution per unit to $0.33.

Across my 207 units, my net annual forward distributions would be lifted by $2.07 from such a distribution announcement.

Expected Dividend Increase #5: NNN REIT (NNN)

The fifth dividend increase that I'm predicting for next month will come from NNN REIT. I believe that NNN will declare a 2.6% increase in its quarterly dividend per share to $0.595.

My net annual forward dividends would edge $1.08 higher across my 18 shares of NNN due to such a dividend declaration.

Expected Dividend Increase #6: J.M. Smucker (SJM)

The next dividend raise that I'm forecasting for July 2025 will be from J.M. Smucker. My best guess is that SJM will announce a 1.9% bump in its quarterly dividend per share to $1.10.

Across my three shares of SJM, my net annual forward dividends would increase by $0.24 from such a dividend announcement.

Expected Dividend Increase #7: Wells Fargo (WFC)

The seventh and final dividend boost that I'm expecting for next month will come from Wells Fargo. My hunch is that WFC will declare a 12.5% lift in its quarterly dividend per share to $0.45.

Across my eight shares of WFC, my net annual forward dividends would grow by $1.60 due to such a dividend declaration.

Concluding Thoughts:

My net annual forward dividends grew by $5.474 from three dividend raises in June 2025. This is equivalent to investing $182.47 at a 3% net dividend yield.

If the seven dividend raises that I'm expecting for July 2025 materialize, my net annual forward dividends would rise by $18.43. That would be like investing $622.33 at a 3% dividend yield.

Discussion:

How's your month going for dividend raises thus far?

Did you benefit from any first-time dividend hikes in your portfolio this month?

Thank you for your readership. I look forward to your comments below!