As I'm writing this blog post on Monday, December 18th, it is currently 21 degrees Fahrenheit here in Central Wisconsin, but it feels like just 5 degrees! Fortunately, the high temperatures will climb back into the 40s in time for the Christmas holiday weekend. As it stands, we're looking at our first snow-free Christmas since 2018!
With that aside, all of the dividend raises that I expected for this month have already been announced (and two additional raises). Thus, I will go over those payout increases and look ahead to the ones that I am expecting for January 2024.
Actual Dividend Increases for December 2023
Dividend Increase #1: Abbott Laboratories (ABT)
Abbott Laboratories declared a 7.8% raise in its quarterly dividend per share to $0.55. This was slightly better than the 5.9% increase that I was expecting to $0.54.
Across my six shares of ABT, my net annual forward dividends edged $0.96 higher from this dividend declaration.
Dividend Increase #2: Amgen (AMGN)
Amgen announced a 5.6% bump in its quarterly dividend per share to $2.25, which was less than the 8% increase that I was anticipating. However, that's justified considering the company's recently completed acquisition of Horizon Therapeutics.
My net annual forward dividends surged $2.88 higher across my six shares of AMGN due to this dividend announcement.
Dividend Increase #3: American Tower (AMT)
American Tower declared a 5.6% raise in its quarterly dividend per share to $1.70. This was better than the 3.7% increase to $1.68 that I predicted.
Across my six shares of AMT, my net annual forward dividends grew by $1.92 from this dividend declaration.
Dividend Increase #4: Broadcom (AVGO)
Broadcom announced a 14.1% boost in its quarterly dividend per share to $5.25, which was much more than the 10.9% increase to $5.10 that I was expecting.
My net annual forward dividends rocketed $10.40 higher across my four shares of AVGO due to this dividend announcement.
Dividend Increase #5: Bristol Myers Squibb (BMY)
Bristol Myers Squibb declared a 5.3% raise in its quarterly dividend per share to $0.60. That's exactly what I anticipated.
Across my 22 shares of BMY, my net annual forward dividends climbed higher by $2.40 from this dividend declaration.
Dividend Increase #6: CVS Health (CVS)
CVS Health announced a 9.9% boost in its quarterly dividend per share to $0.665, which was just above the $0.66 that I predicted.
My net annual forward dividends grew by $3.60 across my 15 shares of CVS due to this dividend announcement.
Dividend Increase #7: Eastman Chemical (EMN)
Eastman Chemical declared a 2.5% increase in its quarterly dividend per share to $0.81. That was less than the $0.82 that I expected.
Across my seven shares of EMN, my net annual forward dividends rose by $0.56 from this dividend declaration.
Dividend Increase #8: Innovative Industrial Properties (IIPR)
Innovative Industrial Properties announced a 1.1% raise in its quarterly dividend per share.
My net annual forward dividends inched $0.48 higher across my six shares of IIPR due to this dividend announcement.
Dividend Increase #9: Mastercard (MA)
Mastercard declared a 15.8% boost in its quarterly dividend per share to $0.66, which was what I predicted.
Across my four shares of MA, my net annual forward dividends grew by $1.44 from this dividend declaration.
Dividend Increase #10: Realty Income (O)
Realty Income announced a 0.2% increase in its monthly dividend per share to $0.2565. This was in line with my expectations.
My net annual forward dividends edged higher by $0.144 across my 24 shares of O due to this dividend announcement.
Dividend Increase #11: Pfizer (PFE)
Pfizer declared a 2.4% raise in its quarterly dividend per share to $0.42, which was what I forecasted.
Across my 26 shares of PFE, my net annual forward dividends rose by $1.04 from this dividend declaration.
Dividend Increase #12: U.S. Bancorp (USB)
U.S. Bancorp announced a 2.1% bump in its quarterly dividend per share to $0.49.
My net annual forward dividends increased by $1.04 across my 26 shares of USB due to this dividend announcement.
Expected Dividend Increases for January 2024
Expected Dividend Increase #1: Air Products & Chemicals (APD)
My best guess is that Air Products & Chemicals will declare an 8% boost in its quarterly dividend per share to $1.89.
Across my five shares of APD, my net annual forward dividends would grow by $2.80 from such a dividend declaration.
Expected Dividend Increase #2: BlackRock (BLK)
I believe that BlackRock will announce a 2% increase in its quarterly dividend per share to $5.10.
My net annual forward dividends would rise by $0.80 across my two shares of BLK if this dividend announcement materializes.
Expected Dividend Increase #3: Comcast (CMCSA)
My projection is that Comcast will declare a 6.9% raise in its quarterly dividend per share to $0.31.
Across my 39 shares of CMCSA, my net annual forward dividends would surge higher by $3.12 from such a dividend declaration.
Expected Distribution Increase #4: Enterprise Products Partners (EPD)
My best guess is that Enterprise Products Partners will up its quarterly distribution per unit by 2% to $0.51.
My net annual forward distributions would rise by $2.08 across my 52 units of EPD if this prediction pans out.
Expected Distribution Increase #5: Energy Transfer (ET)
I predict that Energy Transfer will announce a 0.8% raise in its quarterly distribution per unit to $0.315.
Across my 86 units of ET, my net annual forward distributions would grow by $0.86 from such a dividend announcement.
Expected Dividend Increase #6: Kimberly Clark (KMB)
My forecast is that Kimberly Clark will declare a 3.4% increase in its quarterly dividend per share to $1.22.
My net annual forward dividends would rise by $0.64 across my four shares of KMB if this prediction becomes reality.
Expected Dividend Increase #7: Kinder Morgan (KMI)
My best guess is that Kinder Morgan will announce a 2.7% raise in its quarterly dividend per share to $0.29.
Across my 64 shares of KMI, my net annual forward dividends would increase by $1.92 from such a dividend announcement.
Expected Dividend Increase #8: Alliant Energy (LNT)
I predict that Alliant Energy will declare a 6.1% boost in its quarterly dividend per share to $0.48.
My net annual forward dividends would grow by $1.43 across my 13 shares of LNT if this dividend declaration occurs.
Expected Dividend Increase #9: ONEOK (OKE)
I believe that ONEOK will announce a 2.1% increase in its quarterly dividend per share to $0.975.
Across my 34 shares of OKE, my net annual forward dividends would rise by $2.72 from such a dividend announcement.
Expected Dividend Increase #10: WEC Energy Group (WEC)
My best guess is that WEC Energy Group will declare a 6.7% raise in its quarterly dividend per share to $0.8325.
My net annual forward dividends would increase by $2.52 across my 12 shares of WEC if this dividend declaration happens.
Concluding Thoughts:
The 12 dividend boosts that I received in December helped my net annual forward dividends grow by $26.864. For context, it would take an $895.47 investment at a 3% yield to replicate the effect of dividend growth on my portfolio for the month.
Looking ahead to next month, I anticipate that I will receive an $18.89 lift in my net annual forward dividends from 10 dividend raises. That is like investing $629.67 at a 3% dividend yield.
Discussion:
How have your dividend increases been thus far for December 2023?
Did you benefit from any first-time dividend boosts?
I appreciate your readership and welcome your comments below!
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