Tuesday, April 23, 2024
Expected Dividend Increases For May 2024
Tuesday, April 16, 2024
May 2024 Dividend Stock Watch List
As I'm writing this blog post on Saturday, April 6th, the temperature here in Central Wisconsin is expected to reach a high of 54 degrees Fahrenheit. Needless to say, that's quite nice for this time of year.
Without further ado, I will be sharing three of the dividend stocks at the top of my watch list for May 2024.
Image Source: Pexels
Dividend Stock #1: Brookfield Asset Management (BAM)
Simply put, BAM is a proven and leading player in the growing alternative asset management industry. This should position the company for continued double-digit annual distributable EPS growth in the years ahead. As a bonus, the balance sheet is A-rated and arguably robust. BAM isn't a bargain at the current $41 share price (as of April 6, 2024), but it's trading close to fair value. For a company of its quality, this makes it an interesting buy to me. Thus, I'm considering upping my weighting from 1% to almost 2% next month.
Dividend Stock #2: McDonald's (MCD)
Basically, McDonald's loyalty program continued to grow in Q4 to over 150 million 90-day active users. The company thinks that it can grow to 250 million active users by 2027, which could provide even more stability and growth to its revenue/earnings base. The 2.5% payout is well-covered by free cash flow and shares are a solid value in my opinion at the current $267 price (as of April 6, 2024). That's why I am seriously considering doubling up my position next month to a nearly 1.5% weighting.
Dividend Stock #3: NextEra Energy (NEE)
The third and final stock on my watch list for next month is NextEra Energy (NEE). My investment thesis for NEE is similar to when I last covered it in January on Seeking Alpha.
Essentially, NEE has a track record of steady earnings growth and is a Dividend Aristocrat that has handed out 10% dividend hikes in recent years. The payout also appears to be quite sustainable. Lastly, the valuation could be interesting at the current $64 share price (as of April 6, 2024). This is why I'm interested in boosting my weighting from 0.7% to around 1.5% in May.
Concluding Thoughts:
Voila! Another watch list and another trio of world-class dividend growth stocks in my view. Barring massive rallies, I'm looking forward to increasing my stakes in these three great businesses next month.
Discussion:
Are any of BAM, MCD, or NEE on your watch list for May 2024?
If not, what stocks are on your radar for next month?
I appreciate your readership and welcome your comments below!
Tuesday, April 9, 2024
March 2024 Dividend Income
Nearing A Major Milestone For The Portfolio
Concluding Thoughts:
Discussion:
Tuesday, April 2, 2024
March 2024 Dividend Stock Purchases
Dividend Stock Purchase #1: Automatic Data Processing (ADP)
Dividend Stock Purchase #2: Agree Realty (ADC)
Dividend Stock Purchase #3: Enbridge (ENB)
Concluding Thoughts:
Discussion:
Tuesday, March 26, 2024
April 2024 Dividend Stock Watch List
As I'm writing this blog post, it's March 18th. The temperatures have cooled off considerably in the last week, with the high set to reach just 37 degrees Fahrenheit today. That's a far cry from the temperatures ranging in the 50s to 60s just a few days ago.
I haven't yet purchased any of the stocks on my March 2024 Dividend Stock Watch List, but plan to in the coming days. With the month more than half over, I will now be looking ahead to April 2024. Here are three of the stocks on my watch list for next month.
Dividend Stock #1: PepsiCo (PEP)
Dividend Stock #2: Starbucks (SBUX)
Dividend Stock #3: UnitedHealth Group (UNH)
Concluding Thoughts:
Discussion:
Tuesday, March 19, 2024
Expected Dividend Increases For April 2024
Actual Dividend Increases For March 2024
Dividend Increase #1: Williams-Sonoma (WSM)
Dividend Increase #2: TJX Companies (TJX)
Dividend Increase #3: General Dynamics (GD)
Dividend Increase #4: Realty Income (O)
Dividend Increase #5: JPMorgan Chase (JPM)
Dividend Freeze: Dollar General (DG)
Dividend Cut: American Tower (AMT)
Expected Dividend Increases For April 2024
Expected Dividend Increase #1: FedEx (FDX)
Expected Dividend Increase #2: Tanger Inc. (SKT)
Expected Dividend Increase #3: American Water Works (AWK)
Expected Dividend Increase #4: RTX Corp (RTX)
Expected Dividend Increase #5: Johnson & Johnson (JNJ)
Expected Dividend Increase #6: Southern Company (SO)
Expected Distribution Increase #7: Energy Transfer (ET)
Expected Dividend Increase #8: International Business Machines (IBM)
Concluding Thoughts:
Discussion:
Tuesday, March 12, 2024
Brokerage Transfer/February 2024 Dividend Stock Purchases
My Brokerage Account Is Now With Charles Schwab
Concluding Thoughts:
Discussion:
Tuesday, March 5, 2024
February 2024 Dividend Income
Concluding Thoughts:
Discussion:
Tuesday, February 27, 2024
Expected Dividend Increases for March 2024
Actual Dividend Increases for February 2024
Dividend Increase #1: Shell (SHEL)
Dividend Increase #2: Simon Property Group (SPG)
Dividend Increase #3: Prudential Financial (PRU)
Dividend Increase #4: Tractor Supply (TSCO)
Dividend Increase #5: Brookfield Asset Management (BAM)
Dividend Increase #6: Hershey (HSY)
Dividend Increase #7: PepsiCo (PEP)
Dividend Increase #8: Cisco Systems (CSCO)
Dividend Increase #9: Coca-Cola (KO)
Dividend Increase #10: Genuine Parts Company (GPC)
Dividend Increase #11: NextEra Energy (NEE)
Dividend Increase #12: The Home Depot (HD)
Dividend Increase #13: Allstate (ALL)
Dividend Increase #14: L3Harris Technologies (LHX)
Dividend Freeze: Albemarle (ALB)
Expected Dividend Increases for March 2024
Expected Dividend Increase #1: Dollar General (DG)
Expected Dividend Increase #2: General Dynamics (GD)
Expected Dividend Increase #3: Realty Income (O)
Expected Dividend Increase #4: TJX Companies (TJX)
Expected Dividend Increase #5: Williams-Sonoma (WSM)
Concluding Thoughts:
Discussion:
Tuesday, February 20, 2024
March 2024 Dividend Stock Watch List
Dividend Stock #1: Agree Realty (ADC)
Dividend Stock #2: Automatic Data Processing (ADP)
Dividend Stock #3: Enbridge (ENB)
Concluding Thoughts:
Discussion:
Monday, February 12, 2024
January 2024 Dividend Income
Discussion:
Tuesday, February 6, 2024
Expected Dividend Increases For February 2024
As I'm writing this blog post, it is January 30th. If it weren't for a look at the calendar, I would think that it's already March! The temperature here in Central Wisconsin is currently 38 degrees Fahrenheit. For at least the next week, high temperatures will remain in the high-30 to mid-40 degrees Fahrenheit range.
With this in mind, the end of January means that it is time to look at my dividend raises received during the month. I will also look ahead to the raises that I anticipate for February 2024. Without further ado, let's dive into it!
Actual Dividend Increases For January 2024
Dividend Increase #1: STAG Industrial (STAG)
STAG Industrial declared a 0.7% bump in its monthly dividend per share to $0.1233.
Across my 21 shares of STAG, this declaration lifted my net annual forward dividends higher by $0.2016.
Dividend Increase #2: BlackRock (BLK)
BlackRock announced a 2% increase in its quarterly dividend per share to $5.10. This was in line with what I predicted in the previous post of this series.
My net annual forward dividends rose by $0.80 across my two shares of BLK as a result of this announcement.
Dividend Increase #3: Alliant Energy (LNT)
Alliant Energy declared a 6.1% raise in its quarterly dividend per share to $0.48, which was what I anticipated.
Across my 13 shares of LNT, my net annual forward dividends grew by $1.43 due to this declaration.
Dividend Increase #4: ONEOK (OKE)
ONEOK announced a 3.7% bump in its quarterly dividend per share to $0.99. This was better than the $0.975 that I expected.
My net annual forward dividends were lifted by $4.76 across my 34 shares of OKE from this announcement.
Dividend Increase #5: Kimberly Clark (KMB)
Dividend Increase #6: Air Products & Chemicals (APD)
Air Products & Chemicals announced a 1.1% raise in its quarterly dividend per share to $1.77. This was much less than the $1.89 that I anticipated. But I think that the conservative raise was the right move as APD focuses on major projects to fuel robust future growth.
My net annual forward dividends grew by $0.40 across my five shares of APD from this announcement.
Dividend Increase #7: Comcast (CMCSA)
Comcast declared a 6.9% hike in its quarterly dividend per share to $0.31, which was what I expected.
Across my 39 shares of CMCSA, my net annual forward dividends were lifted by $3.12 due to this declaration.
Distribution Increase #8: Energy Transfer (ET)
Energy Transfer announced a 0.8% bump in its quarterly distribution per unit to $0.315. This was in line with my prediction.
My net annual forward distributions rose by $0.86 across my 86 units of ET from this announcement.
Distribution Increase #9: Enterprise Products Partners (EPD)
Enterprise Products Partners declared a 3% increase in its quarterly distribution per unit to $0.515, which was ahead of the $0.51 that I anticipated.
Across my 52 units of EPD, my net annual forward distributions grew by $3.12 due to this declaration.
Dividend Increase #10: United Parcel Service (UPS)
United Parcel Service announced a 0.6% raise in its quarterly dividend per share to $1.63.
My net annual forward dividends were lifted by $0.20 across my five shares of UPS from this announcement.
Dividend Increase #11: T. Rowe Price Group (TROW)
T. Rowe Price Group declared a 1.6% bump in its quarterly dividend per share to $1.24.
Across my six shares of TROW, my net annual forward dividends rose by $0.48 due to this declaration.
Dividend Increase #12: WEC Energy Group (WEC)
Recently, WEC Energy Group made a 7.1% hike in its quarterly dividend per share to $0.835 official. This topped my expectation of $0.8325.
My net annual forward dividends grew by $2.64 across my 12 shares of WEC from this announcement.
Expected Dividend Increases For February 2024
Expected Dividend Increase #1: Albemarle (ALB)
The first dividend increase that I anticipate for next month will be from Albemarle. My best guess is that ALB will declare a 1.3% raise in its quarterly dividend per share to $0.405.
Across my eight shares of ALB, my net annual forward dividends would be lifted by $0.16 if such a declaration plays out.
Expected Dividend Increase #2: Allstate (ALL)
The next payout hike that I predict for February is from Allstate. I anticipate that ALL will announce a 5.6% boost in its quarterly dividend per share to $0.94.
My net annual forward dividends would rise by $1 across my five shares of ALL from such an announcement.
Expected Dividend Increase #3: Brookfield Asset Management (BAM)
The third dividend hike that I forecast for next month will be from Brookfield Asset Management. I believe that BAM will declare a 12.5% lift in its quarterly dividend per share to $0.36.
Across my 30 shares of BAM, my net annual forward dividends would grow by $4.80 if this declaration happens.
Expected Dividend Increase #4: Cisco Systems (CSCO)
The next dividend increase that I'm expecting for February is from Cisco Systems. My best guess is that CSCO will announce a 2.6% bump in its quarterly dividend per share to $0.40.
My net annual forward dividends would be lifted by $0.88 across my 22 shares of CSCO from such an announcement.
Expected Dividend Increase #5: Genuine Parts Company (GPC)
The fifth payout boost that I predict for next month will be from Genuine Parts Company. I anticipate that GPC will declare a 6.3% raise in its quarterly dividend per share to $1.01.
Across my six shares of GPC, my net annual forward dividends would rise by $1.44 if this declaration occurs.
Expected Dividend Increase #6: Home Depot (HD)
The next dividend raise that I'm forecasting for February is from Home Depot. I believe that HD will up its quarterly dividend per share by 5.7% to $2.21.
My net annual forward dividends would grow by $2.40 across my five shares from such an announcement.
Expected Dividend Increase #7: Coca-Cola (KO)
The seventh dividend increase that I anticipate for next month will be from Coca-Cola. My best guess is that KO will declare a 4.3% bump in its quarterly dividend per share to $0.48.
Across my 10 shares of KO, my net annual forward dividends would be lifted by $0.80 if this declaration happens.
Expected Dividend Increase #8: L3Harris Technologies (LHX)
The next dividend raise that I'm predicting for February is from L3Harris Technologies. I anticipate that LHX will up its quarterly dividend per share by 4.4% to $1.19.
My net annual forward dividends would rise by $0.80 across my four shares of LHX from such an announcement.
Expected Dividend Increase #9: NextEra Energy (NEE)
The ninth dividend boost that I forecast for next month will be from NextEra Energy. I believe that NEE will declare a 10.2% hike in its quarterly dividend per share to $0.515.
Across my 13 shares of NEE, my net annual forward dividends would grow by $2.47 if this declaration plays out.
Expected Dividend Increase #10: PepsiCo (PEP)
The next dividend raise that I anticipate for February is from PepsiCo. My best guess it that PEP will announce a 7.9% increase in its quarterly dividend per share to $1.365.
My net annual forward dividends would be lifted by $2.40 across my six shares of PEP from such an announcement.
Expected Dividend Increase #11: Prudential Financial (PRU)
The eleventh dividend increase that I'm predicting for next month will be from Prudential Financial. I anticipate that PRU will declare a 4% raise in its quarterly dividend per share to $1.30.
Across my 10 shares of PRU, my net annual forward dividends would rise by $2 if this declaration occurs.
Expected Dividend Increase #12: Tractor Supply (TSCO)
The final dividend boost that I forecast for February is from Tractor Supply. I believe that TSCO will announce an 8.7% raise in its quarterly dividend per share to $1.12.
My net annual forward dividends would grow by $1.80 across my five shares of TSCO from such an announcement.
Concluding Thoughts:
The 12 dividend raises that I received in January boosted my net annual forward dividends by $18.6516. That would be equivalent to investing $621.72 in fresh capital at a 3% weighted average net dividend yield.
If the dozen raises that I am expecting in February play out as anticipated, my net annual forward dividends would rise by $21.05. Replicating this would require investing $701.67 at a 3% yield.
Discussion:
How was your January 2024 for dividend boosts?
Did you get any first-time payout raises during the month?
Thanks for reading and please feel free to comment below!
Tuesday, January 30, 2024
January 2024 Dividend Stock Purchases/Sales
Concluding Thoughts:
Discussion:
Tuesday, January 23, 2024
My Financial And Personal Goals For 2024
As I'm writing this blog post on January 17th, it's hard to believe that there are just two weeks left in this month. The low temperatures here in Central Wisconsin are set to remain in the negative Fahrenheit territory, although not as bad as the -30 with wind chill that we have been experiencing. Fortunately, in a few days, the low temperatures will reach into the upper 20s with highs getting above freezing.
With that aside, now is time to set my new financial and personal goals for 2024.
Image Source: Pexels
My Financial Goals For 2024
1. Generate at least 20% growth in net dividends collected
In the last few years, my net dividends have routinely grown by 40% or more. However, I believe this will be coming to an end in 2024. That's because aside from having less capital to invest than in the last couple of years, my portfolio base is making it more difficult to post these types of growth rates.
Fortunately, I still think a 20% growth rate is doable. Off the top, my organic growth should come in around 10% from dividend reinvestment and dividend growth. I figure another 10% dividend growth from capital deployment is reasonable and gives me flexibility to be more qualitative (e.g., lower yield and higher growth prospects) with my dividend stock purchases.
2. Grow net annual forward dividends by 20% by the end of the year
Similar to my first goal, I am aiming for 20% growth in my net annual forward dividends heading into 2025. For the reasons that I already discussed in my previous goal, I think that this will also be a doable goal.
Personal Goals For 2024
1. Jog At Least 10 Miles A Week
As the weather has become more unfavorable in recent months, I have shifted my exercise routine to the indoors. I have enjoyed jogging on the treadmill these last couple of months and plan on continuing to do this throughout the year. As the weather warms up, I will spend more time outside. However, I intend to stick with my routine on the treadmill moving forward in lieu of exercise in the outdoors.
2. Lift Weights At Least Four Times A Week
Since November, I have been lifting weights. Given my 5'8'' and 125 pound frame, I started out doing at least two sets of 10 reps of various exercises with eight pound weights four times a week. As the year comes to a close, I would like to work my way up to doing the same amount of sets and reps with 15 pound weights.
3. Publish A Blog Post Each Week
As I have done for nearly five and a half years now, I plan on continuing to publish a post to this blog each week. I enjoy updating readers on my progress with dividend growth investing to demonstrate the power of the strategy in real time, so this is a goal I envision running back year after year.
Concluding Thoughts:
Overall, I am excited to see what the new year brings. In recent months, I have been clearing what I view as dead weight out of my portfolio. Also, I look forward to likely resuming capital deployment in just a few more weeks and further improving on the quality of my portfolio. Fitness-wise, I enjoy the grind of the everyday routine of remaining active and am eager to continue this in 2024.
Discussion:
What are your goals for 2024?
Do you believe any of your goals are going to be more challenging to accomplish than any others?
I appreciate your readership and welcome your comments below!