Expected Dividend Increases for October 2025

As I'm writing this blog post, it's currently Friday, September 12th. The temperature here in Central Wisconsin is set to reach a high of 82 degrees Fahrenheit later today.

Now that there are two and a half weeks left in the month, I'm going to look at the dividend raises that I have received thus far and the ones pending yet (the latter will be updated as they are announced). I'll also look ahead to the payout boosts that I'm expecting for October 2025.

Dividend Increase #1: Realty Income (O)

As expected in the previous blog post of this series, Realty Income announced a 0.2% increase in its monthly dividend per share to $0.2695.

Across my 153 shares of O, my net annual forward dividends edged $0.918 higher due to this dividend announcement. 

Dividend Increase #2: VICI Properties (VICI)

VICI Properties also met my expectations, declaring a 4% raise in its quarterly dividend per share to $0.45.

My net annual forward dividends rose by $7.42 across my 106 shares of VICI from this dividend declaration.

Dividend Increase #3: Verizon Communications (VZ)

Verizon Communications matched my forecast as well, announcing a 1.8% bump in its quarterly dividend per share to $0.69.

Across my 45 shares of VZ, my net annual forward dividends increased by $2.25 due to this dividend announcement.

Pending Dividend Increase #1: McDonald's (MCD)

McDonald's has yet to declare its next dividend. However, I still think that within the next couple of weeks, MCD will up its quarterly dividend per share by 5.6% to $1.87.

My net annual forward dividends would grow by $2 across my five shares of MCD from such a dividend declaration.

Pending Dividend Increase #2: Microsoft (MSFT)

Microsoft hasn't announced its next dividend, either. Yet, I'm standing by my prediction of a 10.8% boost in the quarterly dividend per share to $0.92.

Across my 11 shares of MSFT, my net annual forward dividends would rise by $3.96 from such a dividend announcement.

UPDATE: MSFT announced a 9.6% hike in its quarterly dividend per share to $0.91. Across my 11 shares of MSFT, my net annual forward dividends grew by $3.52.

Pending Dividend Increase #3: Philip Morris International (PM)

Philip Morris International hasn't declared its next dividend yet. However, I maintain my forecast of a 4.5% increase in its quarterly dividend per share to $1.42.

My net annual forward dividends would grow by $3.92 across my 14 shares of PM from such a dividend declaration.

Expected Dividend Increases for October 2025

Expected Dividend Increase #1: AbbVie (ABBV)

The first dividend lift that I anticipate for next month will be from AbbVie. My hunch is that ABBV will announce a 6.7% raise in its quarterly dividend per share to $1.75.

Across my 14 shares of ABBV, my net annual forward dividends would rise by $6.16 due to such a dividend announcement.

Expected Dividend Increase #2: Agree Realty (ADC)

The next raise that I'm predicting for October will come from Agree Realty. I believe that ADC will declare a 1.6% increase in its monthly dividend per share to $0.26.

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

Expected Dividend Increase #3: American Electric Power (AEP)

The third dividend boost that I expect for next month will be from American Electric Power. My best guess is that AEP will announce a 5.4% increase in its quarterly dividend per share to $0.98.

Across my 15 shares of AEP, my net annual forward dividends would rise by $3 from such a dividend announcement.

Expected Dividend Increase #4: A.O. Smith (AOS)

The next dividend increase that I'm anticipating for October will come from A.O. Smith. I'm projecting that AOS will declare a 5.9% lift in its quarterly dividend per share to $0.36.

My net annual forward dividends would grow by $0.96 across my 12 shares of AOS from such a dividend declaration.

Expected Distribution Increase #5: Energy Transfer (ET)

The fifth distribution raise that I predict for next month will be from Energy Transfer. I believe that ET will announce a 0.8% increase in its quarterly distribution per unit to $0.3325.

Across my 207 units of ET, my net annual forward distributions would rise by $2.07 from such a distribution announcement.

Expected Dividend Increase #6: Lockheed Martin (LMT)

The next dividend increase that I'm expecting for October will come from Lockheed Martin. My best guess is that LMT will declare a 4.5% bump in its quarterly dividend per share to $3.45.

My net annual forward dividends would grow by $2.40 across my four shares of LMT from such a dividend declaration.

Expected Distribution Increase #7: MPLX LP (MPLX)

The seventh distribution hike that I anticipate for next month will be from MPLX LP. I'm projecting that MPLX will announce a 12.4% boost in its quarterly distribution per unit to $1.075.

Across my 54 units of MPLX, my net annual forward distributions would be lifted by $27.018 from such a distribution announcement.

Expected Dividend Increase #8: Pinnacle West Capital (PNW)

The next dividend increase that I'm predicting for October will come from Pinnacle West Capital. I believe that PNW will declare a 1.7% increase in its quarterly dividend per share to $0.91.

My net annual forward dividends would edge $0.42 higher across my seven shares of PNW from such a dividend declaration.

Expected Dividend Increase #9: Visa (V)

The final dividend boost that I expect for next month will be from Visa. My best guess is that V will announce an 11.9% hike in its quarterly dividend per share to $0.66.

Across my 11 shares of V, my net annual forward dividends would rise by $3.08 from such a dividend announcement.

Concluding Thoughts:

So far, I have received four dividend raises. If the remaining two play out as anticipated, my net annual forward dividends will have grown by $20.028. This would be like investing $667.60 at a 3% dividend yield.

If my nine raises for October materialize, my net annual forward dividends/distributions will have surged by $46.068. That would be equivalent to investing $1,535.60 at a 3% net dividend yield.

Discussion:

How has your month been so far for dividend announcements?

Have you received any first-time payout raises in September?

I appreciate your readership and welcome your comments below!