Expected Dividend Increase For August 2025

As I'm writing this blog post, it's Friday, July 11th. The temperature here in Central Wisconsin is set to reach a high of 82 degrees Fahrenheit later today, with thunderstorms expected into the evening.

After having received a few dividend raises for this month, I figured now would be a good time to start looking ahead. As the remaining payout boosts are announced, I'll update this blog post. I will also look ahead to the single dividend raise that I'm expecting for August 2025.

Actual Dividend Increases For July 2025

Distribution Increase #1: Enterprise Products Partners (EPD)

As predicted in my previous blog post of this series, Enterprise Products Partners declared a 1.9% increase in its quarterly distribution per unit to $0.545. My net annual forward dividends jumped $11 across my 275 units from this distribution declaration.

Dividend Increase #2: JPMorgan Chase (JPM)

JPMorgan Chase announced a 7.1% hike in its quarterly dividend per share to $1.50. Across my six shares of JPM, my net annual forward dividends grew by $2.40 due to this dividend announcement.

Dividend Increase #3: U.S. Bancorp (USB)

U.S. Bancorp declared a 4% increase in its quarterly dividend per share to $0.52. My net annual forward dividends edged $2.08 higher across my 26 shares of USB from this dividend declaration.

Dividend Increase #4: Wells Fargo (WFC)

As anticipated, Wells Fargo announced a 12.5% boost in its quarterly dividend per share to $0.45. Across my eight shares of WFC, my net annual forward dividends rose by $1.60 due to this dividend announcement.

Pending Dividend Increase #1: Cummins (CMI)

Cummins hasn't yet announced its next dividend hike. However, I'm maintaining my forecast for a 7.1% increase in its quarterly dividend per share to $1.95. This would be a $2.60 increase in my net annual forward dividends across my five shares of CMI.

Pending Dividend Increase #2: Duke Energy (DUK)

Duke Energy has yet to declare a dividend raise. I continue to expect a 4.3% bump in its quarterly dividend per share to $1.09.

My net annual forward dividends would edge $1.08 higher across my six shares of DUK from such a dividend announcement.

UPDATE: DUK increased its quarterly dividend per share by 1.9% to $1.065. As a result, my net annual forward dividends edged $0.48 higher across my six shares of DUK.

Pending Distribution Increase #3: Energy Transfer (ET)

Energy Transfer hasn't declared a distribution increase yet. However, I'm sticking with my projection of a 0.8% bump in the quarterly distribution per unit to $0.33.

My net annual forward distributions would grow by $2.07 across my 207 units of ET from such a distribution declaration.

Pending Dividend Increase #4: NNN REIT (NNN)

NNN REIT has yet to announce a dividend increase. Yet, I'm standing by my prediction of a 2.6% raise in its quarterly dividend per share to $0.595.

Across my 18 shares of NNN, my net annual forward dividends would grow by $1.08 due to such a dividend announcement.

UPDATE: NNN raised its quarterly dividend per share by 3.4% to $0.60. This increased my net annual forward dividends by $1.44 across my 18 shares of NNN.

Pending Dividend Increase #5: J.M. Smucker (SJM)

J.M. Smucker hasn't yet declared a dividend increase. However, I believe that it will declare a 1.9% bump in its quarterly dividend per share to $1.10.

My net annual forward dividends would edge $0.24 higher across my six shares of SJM from such a dividend declaration.

Expected Dividend Increase For August 2025

Expected Dividend Increase: Altria Group (MO)

The one and only dividend increase that I'm expecting for August is a 3.9% raise from Altria Group in its quarterly dividend per share to $1.06.

Across my 24 shares of MO, my net annual forward dividends would rise by $3.84 due to such a dividend announcement.

Concluding Thoughts:

I have only received six dividend/distribution raises so far, which increased my net annual forward dividends by $19. If the other raises that I'm expecting play out as anticipated, my net annual forward dividends would climb by $23.91. This would be equivalent to investing $797 at a 3% net dividend yield.

If my raise for August pans out, my net annual forward dividends would grow by $3.84. That would be like investing $128 at a 3% dividend yield.

Discussion:

How has your month been for dividend raises so far?

Have you received any first-time payout boosts in your portfolio this month?

I appreciate your readership and welcome your comments below!