Expected Dividend Increases for December 2025

As I'm writing this blog post, it's currently Friday, November 21st. The temperature here in Central Wisconsin is set to reach a high of 45 degrees Fahrenheit later today. Needless to say, that's balmy for this time of the year.

With that aside, I have receive all the dividend raises that I'm anticipating for November 2025. That's why I'll be taking a moment to recap them and look ahead to the payout boosts that I'm expecting for next month.

Actual Dividend Increases for November 2025

Actual Dividend Increase #1: Automatic Data Processing (ADP)

Automatic Data Processing announced a 10.4% lift in its quarterly dividend per share to $1.70. This came in just above my forecast of a 9.7% increase to $1.69.

Across my 12 shares of ADP, my net annual forward dividends rose by $7.68 due to this dividend announcement.

Expected Dividend Increase #2: Aflac (AFL)

Aflac declared a 5.2% increase in its quarterly dividend per share to $0.61. My net annual forward dividends grew by $1.32 across my 11 shares of AFL from this dividend declaration.

Expected Dividend Increase #3: Main Street Capital (MAIN)

Main Street Capital announced a 2% raise in its monthly dividend per share to $0.26. That was in line with my expectations.

Across my 30 shares of MAIN, my net annual forward dividends increased by $1.80 due to this dividend announcement.

Expected Dividend Increase #4: Merck (MRK)

Merck declared a 4.9% bump in its quarterly dividend per share to $0.85, which was what I anticipated.

My net annual forward dividends rose by $3.04 across my 19 shares of MRK from this dividend declaration.

Expected Dividend Increase #5: Royal Gold (RGLD)

My latest new position, Royal Gold announced a 5.6% increase in its quarterly dividend per share to $0.475. This was about half of the 11.2% hike to $0.50 that I was forecasting. However, I believe this is a prudent move by RGLD. As its recent acquisitions of Sandstorm Gold and Horizon Copper are incorporated into the business and it commits to completely repaying its debt in the next 18 months, I think that dividend growth will reaccelerate again. That's why I think next November could see a return to a double-digit percentage annual dividend growth rate.

Across my six shares of RGLD, my net annual forward dividends edged $0.60 higher due to this dividend announcement.

Expected Dividend Increases for December 2025

Expected Dividend Increase #1: Broadcom (AVGO)

The first payout boost that I'm predicting for next month will be from Broadcom. My best guess is that AVGO will declare an 18.6% hike in its quarterly dividend per share to $0.70. Since AVGO is growing like a weed and has consequently deleveraged (S&P recently upgraded its credit rating from BBB to A-), I would argue this is a realistic projection.

Across my 20 shares of AVGO, my net annual forward dividends would surge by $8.80 from such a dividend declaration.

Expected Dividend Increase #2: Bristol Myers Squibb (BMY)

The next dividend increase that I'm expecting for December will come from Bristol Myers Squibb. I believe that BMY will announce a 3.2% bump in its quarterly dividend per share to $0.64.

My net annual forward dividends would rise by $1.76 across my 22 shares due to such a dividend announcement.

Expected Dividend Increase #3: Mastercard (MA)

The third payout boost that I'm forecasting for next month will be from Mastercard. My guess is that MA will declare a 14.5% hike in its quarterly dividend per share to $0.87.

Across my five shares of MA, my net annual forward dividends would increase by $2.20 from such a dividend declaration.

Expected Dividend Increase #4: Realty Income (O)

The next dividend increase that I'm predicting for December will come from Realty Income. I have a hunch that O will announce a 0.2% increase in its monthly dividend per share to $0.27. It's worth noting that O tends to up its dividend by incremental amounts four times a year and around two percent once a year.

My net annual forward dividends would edge $0.918 higher across my 153 shares due to such a dividend announcement.

Expected Dividend Increase #5: Pfizer (PFE)

The final dividend raise that I'm expecting for next month will be from Pfizer. My best guess is that PFE will increase its quarterly dividend per share to $0.44.

Across my 26 shares of PFE, my net annual forward dividends would grow by $1.04 from such a dividend declaration.

Concluding Thoughts:

My net annual forward dividends grew by $14.44 from the five raises that I received in November. This would be equivalent to investing $481.33 at a 3% net dividend yield.

If my five raises for December 2025 play out as predicted, my net annual forward dividends would rise by $14.718. That would equate to investing $490.60 at a 3% dividend yield.

Discussion:

How was your November 2025 for payout raises?

Did you receive any first-time dividend boosts for the month like I did with RGLD?

I appreciate your readership and welcome your comments below!