As I'm writing this blog post, it is currently Friday, November 15th. The high temperature is set to reach 54 degrees Fahrenheit here in Central Wisconsin. For this time of year, I'll take that any day of the week and twice on Sundays.
Now that the month is half complete and most of my portfolio's dividend raises have been announced, I'll highlight the raises that I received. I'll also look ahead to the dividend hikes that I'm expecting for next month.
Actual Dividend Increases for November 2024
Dividend Increase #1: Automatic Data Processing (ADP)
Automatic Data Processing upped its quarterly dividend per share by 10% to $1.54. This came in just under my expectation of a 10.7% raise to $1.55.
Across my 11 shares of ADP, my net annual forward dividends soared by $6.16 due to this announcement.
Dividend Increase #2: Main Street Capital (MAIN)
As predicted, Main Street Capital increased its monthly dividend per share by 2% to $0.25.
My net annual forward dividends rose by $1.80 as a result of this dividend declaration across my 30 shares of MAIN.
Dividend Increase #3: Simon Property Group (SPG)
Simon Property Group announced a 2.4% bump in its quarterly dividend per share to $2.10. This met my forecast.
Across my nine shares of SPG, my net annual forward dividends increased by $1.80 due to this announcement.
Dividend Increase #4: Exxon Mobil (XOM)
Exxon Mobil declared a 4.2% raise in its quarterly dividend per share to $0.99. This came in a bit shy of my expectation of a 5.3% raise to $1.
My net annual forward dividends grew by $1.76 across my 11 shares of XOM as a result of this dividend declaration.
Dividend Freeze: Enbridge (ENB)
Enbridge announced a quarterly dividend per share of 0.915 CAD, which was in line with the previous. This was less than the 3% raise to $0.69 USD that I was expecting. However, I expect the next dividend announcement will be what I anticipated.
Pending Dividend Increase #1: Merck (MRK)
Merck also hasn't announced its dividend hike yet. However, I stand by my projection of a 5.1% increase in the quarterly dividend per share to $0.81.
My net annual forward dividends would grow by $1.76 across my 11 shares of MRK due to such an announcement.
UPDATE: As anticipated, Merck upped its quarterly dividend per share by 5.1% to $0.81. My net annual forward dividends increased by $1.76 across my 11 shares of MRK.
Expected Dividend Increases for December 2024
Actual Dividend Increase #1: Aflac (AFL)
Aflac has yet to up its quarterly dividend per share. I still believe it will declare a 6% raise in its quarterly dividend per share to $0.53, though.
Across my 11 shares of AFL, that would provide a $1.32 lift to my net annual forward dividends.
UPDATE: Aflac hiked its quarterly dividend per share by 16% to $0.58. This was well above my expectations and lifted my net annual forward dividends by $3.52 across my 11 shares of AFL.
Expected Dividend Increase #1: Abbott Laboratories (ABT)
The first dividend raise that I'm expecting for next month will be from Abbott Laboratories. My best guess is that ABT will declare a 7.3% hike in its quarterly dividend per share to $0.59.
Across my six shares of ABT, my net annual forward dividends would rise by $1.44 from such a declaration.
Expected Dividend Increase #2: Amgen (AMGN)
The next dividend increase that I'm projecting in December will come from Amgen. I believe that AMGN will announce a 6.2% bump in its quarterly dividend per share to $2.39.
My net annual forward dividends would grow by $3.36 across my six shares due to such an announcement.
Expected Dividend Increase #3: Broadcom (AVGO)
The third dividend hike that I'm predicting for next month will be from Broadcom. My guess is that AVGO will declare an 11.3% boost in its quarterly dividend per share to $0.59.
Across my 40 shares of AVGO, my net annual forward dividends would climb higher by $9.60 from such a declaration.
Expected Dividend Increase #4: Bristol Myers Squibb (BMY)
The next dividend increase that I'm expecting in December will come from Bristol Myers Squibb. My best guess is that BMY will announce a 5% raise in its quarterly dividend per share to $0.63.
My net annual forward dividends would rise by $2.64 across my 22 shares of BMY due to such an announcement.
Expected Dividend Increase #5: CVS Health (CVS)
The fifth dividend raise that I'm projecting for next month will be from CVS Health. I believe that CVS will declare a 6% hike in its quarterly dividend per share to $0.705.
Across my 15 shares of CVS, my net annual forward dividends would grow by $2.40 from such a declaration.
Expected Dividend Increase #6: Innovative Industrial Properties (IIPR)
The next dividend bump that I'm predicting in December will come from Innovative Industrial Properties. My guess is that IIPR will announce a 1.6% increase in its quarterly dividend per share to $1.93.
My net annual forward dividends would increase by $0.72 across my six shares of IIPR due to such an announcement.
Expected Dividend Increase #7: Mastercard (MA)
The seventh dividend hike that I'm expecting for next month will be from Mastercard. My best guess is that Mastercard will declare a 13.6% boost in its quarterly dividend per share to $0.75.
Across my five shares of MA, my net annual forward dividends would rise by $1.80 from such a declaration.
Expected Dividend Increase #8: Realty Income (O)
The next dividend increase that I'm projecting in December will come from Realty Income. I believe that O will announce a 0.2% bump in its monthly dividend per share to $0.264.
My net annual forward dividends would increase by $0.288 across my 48 shares of O due to such an announcement.
Expected Dividend Increase #9: Pfizer (PFE)
The ninth dividend raise that I'm predicting for next month will be from Pfizer. My guess is that PFE will declare a 2.4% increase in its quarterly dividend per share to $0.43.
Across my 26 shares of PFE, my net annual forward dividends would grow by $1.04 from such a declaration.
Concluding Thoughts:
The five dividend raises that I received in November lifted my net annual forward dividends by $13.28. This would be equivalent to investing $442.67 at a 3% net dividend yield.
The 10 dividend hikes that I'm expecting for next month (including AFL's raise) would add $26.808 to my net annual forward dividend income. That would be like investing $893.60 at a 3% dividend yield.
Discussion:
How have your payout boosts been in November 2024?
Did you receive any first-time dividend hikes?
I appreciate your readership and look forward to your comments below!
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