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!