May 2025 Stock Watch List

As I'm writing this blog post, it's Friday, April 11th. The temperature here in Central Wisconsin is expected to reach a high of 55 degrees Fahrenheit today on a partly sunny forecast. By the time this blog is published on April 15th, it will be my 28th birthday!

Now that the next month is just a few weeks away, it's a good time to start looking at capital deployment for May 2025. Without further ado, let's jump into it!

Stock #1: Amazon (AMZN)

The first stock on my watch list for May 2025 is Amazon. Interested readers can find my in-depth investment thesis in my March Seeking Alpha article or the gist of it in my February 2025 Stock Watch List.

Essentially, AMZN holds leadership positions in industries with positive long-term outlooks, including cloud computing, digital advertising, and e-commerce. The company's cash and marketable securities balance surpassed $100 billion in Q4 2024. Trading at a forward 12-month P/OCF ratio of just 12.5, AMZN's shares are also substantially undervalued at the current $181 share price (as of April 11th, 2025). My fair value estimate is right around a P/OCF multiple of 21, which would imply a fair value above $300 a share.

Stock #2: Brookfield Asset Management (BAM)

Next on my watch list for next month is Brookfield Asset Management. Curious readers can peruse my Seeking Alpha article from earlier this month for my investment thesis. Alternatively, the gist can also be found in my April 2025 Stock Watch List as BAM is once again on my watch list.

BAM's reputation is highly trusted among alternative asset managers. The industry's share of global AUM is expanding as institutional investors are increasingly turning to alternative assets to diversify, manage volatility, and enhance total return potential. BAM also possessed $1.8 billion in liquidity to close out 2024 and an A- credit rating from S&P. Lastly, I believe shares could be worth $51 each. Compared to the $46 share price (as of April 11th, 2025), this would represent a moderate discount to fair value for the 3.8%-yielding stock.

Stock #3: Realty Income (O)

The third stock on my watch list for May 2025 is Realty Income. Readers can check out my March Seeking Alpha article for my detailed investment thesis. Otherwise, the crux of my thesis can also be found in my March 2025 Dividend Stock Watch List blog post.

O continues to be set up for mid-single-digit annual AFFO per share growth. The balance sheet is A-rated. O's 6% dividend yield is also comfortably covered by AFFO. The forward 12-month AFFO ratio is just 12.6, which is much less than my fair value multiple of 16.5. Relative to the current $54 share price (as of April 11th, 2025), this would be a 24% discount to my fair value estimate of $71 a share.

Concluding Thoughts:

That's all for now. In times of market turbulence, I believe there are always smart investments to be made. These three lend credence to the argument, each possessing strong business models, A-rated balance sheets, and trading at favorable valuations. Overall, allocation to these assets should keep me near my 3% targeted dividend yield.

Discussion:

Are any of AMZN, BAM, or O on your radar for next month?

If not, what stocks are on your watch list for May 2025?

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

March 2025 Dividend Income

As I'm writing this blog post, it's currently Friday, April 4th. It's going to reach a high of 51 degrees Fahrenheit here in Central Wisconsin with a partly sunny forecast. Needless to say, that's not bad for this time of the year.

Now that March is behind us, I will highlight my net dividend income for March 2025. Let's dive into it!

Net Dividends Are Approaching $600

In March 2025, I collected $583.10 in net dividends (including ADR fees for BAM). Against the $655.90 in net dividends that I received in December 2024, this would represent an 11.1% decline in my net dividend income. Backing out the $99.26 in special dividends that I received from my Capital Income Builder (CAIBX) mutual fund, though, net dividends would have been $556.64. This would be equivalent to a 4.8% quarterly growth rate.

Compared to the $476.12 in net dividends received in March 2024, this works out to a 22.5% year-over-year growth rate. 

In my Charles Schwab portfolio, I collected $359.45 in net dividends from 41 companies. That was a bit less than my $378.16 total logged in December. This is because of stock sales in January 2025, December 2024, and November 2024.

I received $110.35 in net dividends from 12 companies within my Fidelity IRA. Swapping BAM with more ENB accounted for most of higher net dividend income in this account.

I also collected $93.97 in net dividends from my CAIBX mutual fund in this account. That was due to a higher quarterly dividend per share and a greater share count.

Lastly, I received $19.33 in net dividends from seven companies within my Webull portfolio. This was fueled by my February 2025 Stock Purchases (specifically GOOGL).

Concluding Thoughts:

My net dividend income continues to compound at a 20%+ annualized rate. Overall, I'm excited to keep investing fresh capital and reinvesting dividends in world-class businesses!

Discussion:

How was your dividend income for the month?

Did you collect any first-time dividends in March 2025?

Thank you for your readership and please feel free to leave a comment below!

March 2025 Dividend Stock Purchases

As I'm writing this blog post, it's Friday, March 29th. The high temperature is going to reach 47 degrees Fahrenheit today here in Central Wisconsin. However, there is rain and sleet in the forecast as well. Needless to say, I'm not going to be outside much if at all today.

With the month just about complete, I'll be taking a moment to go over my dividend stock purchases in March 2025. Without further ado, let's jump into it!

Dividend Stock Purchase #1: Alphabet (GOOGL)

The first stock that I purchased in March 2025 was another four shares of Alphabet at an average price of $161.46 a share. Interested readers can find my buying rationale in my March 2025 Dividend Stock Watch List blog post. This transaction added $3.20 to my net annual forward dividends, which equates to a 0.50% net dividend yield.

Dividend Stock Purchase #2: Realty Income (O)

The next stock that I bought during the month was another 15 shares of Realty Income at an average cost per share of $56.36. The gist of my investment thesis can be found in my March 2025 Dividend Stock Watch List blog post linked above. This purchase raised my net annual forward dividends by $48.24, which works out to a 5.71% net dividend yield.

Dividend Stock Purchase #3: UnitedHealth Group (UNH)

The third stock that I purchased in March 2025 was an additional share of UnitedHealth Group at an average price of $482.98 a share. Again, my investment thesis can be perused in my March 2025 Dividend Stock Watch List blog post linked earlier. This transaction lifted my net annual forward dividends by $8.40, which is equivalent to a 1.74% net dividend yield.

Concluding Thoughts:

I deployed $1,974.27 in fresh capital to dividend stock purchases in March 2025. Against the $59.84 in net dividends that were added from these buys, this is a weighted average net dividend yield of 3.03%.

My net annual forward dividends were also lifted by $11.808 across five dividend raises in March 2025. These factors raised my net annual forward dividends from about $5,690 at the start of the month to just over $5,765 to close out the month.

Discussion:

How was your capital deployment in March 2025?

Did you start any new positions during the month?

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

Expected Dividend Increases For April 2025

As I'm writing this blog post, it's Friday, March 22nd. The temperature here in Central Wisconsin is expected to reach a high of 49 degrees Fahrenheit. It's also expected to be an overall sunny day, so I definitely expect to get outside a bit later today.

Now that I have received all of the dividend raises that I was anticipating for the month, I'll be going over the dividend raises for March 2025. I will also be looking ahead to the dividend boosts that I'm predicting for next month.

Actual Dividend Increases for March 2025

Dividend Increase #1: American Tower (AMT)

American Tower announced a 4.9% increase in its quarterly dividend per share to $1.70. Across my six shares of AMT, my net annual forward dividends grew by $1.92 due to this announcement.

Dividend Increase #2: General Dynamics (GD)

General Dynamics declared a 5.6% boost in its quarterly dividend per share to $1.50. This was just below my expectation of a 6.3% raise in the quarterly dividend per share to $1.51.

My net annual forward dividends increased by $1.92 across my six shares of GD from this dividend declaration.

Dividend Increase #3: JPMorgan Chase & Co. (JPM)

JPMorgan Chase announced a 12% hike in its quarterly dividend per share to $1.40. Across my six shares of JPM, my net annual forward dividends climbed higher by $3.60 due to this announcement.

Dividend Increase #4: Realty Income (O)

As expected, Realty Income declared a 0.2% bump in its monthly dividend per share to $0.2685.

My net annual forward dividends grew by $0.768 across my 128 shares of O from this dividend declaration.

Dividend Increase #5: Williams-Sonoma (WSM)

Williams-Sonoma announced a 15.8% hike in its quarterly dividend per share to $0.66. This was well above the 8.8% raise to $0.62 that I was predicting. It seems like every dividend raise that I receive from this company is more than I anticipate, so I'm very glad to continue owning it!

Across my 10 shares of WSM, my net annual forward dividends surged $3.60 due to this dividend announcement.

Expected Dividend Increases for April 2025

Expected Dividend Increase #1: Agree Realty (ADC)

The first dividend raise that I'm expecting in April 2025 will come from Agree Realty. I believe that ADC will declare a 1.6% increase in its monthly dividend per share to $0.257 (keep in mind ADC tends to raise its dividend in both April and October).

Across my 20 shares of ADC, my net annual forward dividends would grow by $0.96 from such a dividend declaration.

Expected Distribution Increase #2: Energy Transfer (ET)

The next distribution increase that I'm predicting for next month will be from Energy Transfer. My guess is that ET will announce a 0.8% increase in its quarterly distribution per unit to $0.3275.

My net annual forward dividends would rise by $1.83 across my 183 units of ET due to such a distribution announcement.

Expected Dividend Increase #3: Alphabet (GOOGL)

The third dividend boost that I'm anticipating in April 2025 will come from Alphabet. My best guess is that GOOGL will declare a 10% increase in its quarterly dividend per share to $0.22.

Across my 42 shares of GOOGL, my net annual forward dividends would be lifted $3.36 higher from such a declaration.

Expected Dividend Increase #4: Johnson & Johnson (JNJ)

The next dividend raise that I'm expecting for next month will be from Johnson & Johnson. I believe that JNJ will announce a 5.6% increase in its quarterly dividend per share to $1.31.

My net annual forward dividends would rise by $1.40 across my five shares of JNJ due to such an announcement.

Expected Dividend Increase #5: RTX Corporation (RTX)

The fifth dividend boost that I'm predicting in April 2025 will come from RTX Corporation. My guess is that RTX will declare a 6.3% increase in its quarterly dividend per share to $0.67.

Across my 12 shares of RTX, my net annual forward dividends would grow by $1.92 from such a declaration.

Expected Dividend Increase #6: Southern Company (SO)

The final dividend raise that I'm anticipating for next month will be from Southern Company. My best guess is that SO will announce a 2.8% increase in its quarterly dividend per share to $0.74.

My net annual forward dividends would edge $0.40 higher across my five shares of SO due to such an announcement.

Concluding Thoughts:

The five dividend raises that I received in March 2025 raised my net annual forward dividends by $11.808. This would be equivalent to investing $393.60 at a 3% net dividend yield.

If the six raises that I'm expecting in April pan out, my net annual forward dividends would increase by $9.87. That would be like investing $329.00 at a 3% dividend yield.

Discussion:

How was your March 2025 for dividend announcement activity?

Did you receive any first-time dividend boosts during the month?

Thanks for reading and please feel free to comment below!