Expected Dividend Increases for July 2026

As I'm writing this blog post, it's currently Tuesday, June 16th. The temperature here in Central Wisconsin is set to reach a high of 67 degrees Fahrenheit later today. That's quite cool for this time of the year, but I'll still take it!

Now that the month is more than half complete, now would be a good time to highlight the dividend raises that I received in June 2026. I'll also look ahead to the raises that I'm expecting for July 2026. Let's get into it!

Actual Dividend Increases for June 2026

Dividend Increase #1: Medtronic (MDT)

Medtronic announced a 1.4% increase in its quarterly dividend per share to $0.72. This was less than the 5.6% increase in the quarterly dividend that I was anticipating in this series' previous blog post.

Across my 13 shares of MDT, my net annual forward dividends grew by $0.52 from this dividend announcement.

Dividend Increase #2: Realty Income (O)

Realty Income declared a 0.2% bump in its monthly dividend per share to $0.2710. Since O hasn't yet elected to deliver its one bigger dividend raise for the year yet, this missed my expectation for a 1.7% raise to $0.2750.

My net annual forward dividends edged $0.918 higher across my 153 shares of O due to this dividend declaration.

Dividend Increase #3: UnitedHealth Group (UNH)

UnitedHealth Group announced a 5% raise in its quarterly dividend per share to $2.32. This was a bit below the 6.3% boost to $2.35 that I was predicting.

Across my 13 shares of UNH, my net annual forward dividends grew by $5.72 from this dividend announcement.

Dividend Adjustment: FedEx Corporation (FDX)

On an adjusted basis, FedEx raised its quarterly dividend per share by 4% to $1.22. On an absolute basis, this was lower than the prior quarterly dividend per share of $1.45. That's due to the recent spinoff of its freight business (FedEx Freight Holding Company). Overall, I do believe that this will unlock more value for shareholders. Along with the impact on my passive income being minimal, I don't mind this move.

My net annual forward dividends decreased by $3.68 due to the dividend adjustment across my four shares.

Expected Dividend Increases for July 2026

Expected Dividend Increase #1: Cummins (CMI)

The first payout boost that I'm expecting for July 2026 will be from Cummins. My best guess is that CMI will declare an 8% hike in its quarterly dividend per share to $2.16.

Across my five shares of CMI, my net annual forward dividends would grow by $3.20 from such a dividend declaration.

Expected Dividend Increase #2: Duke Energy (DUK)

The next dividend raise that I'm anticipating for next month will come from Duke Energy. I believe that DUK will announce a 2.5% increase in its quarterly dividend per share to $1.09.

My net annual forward dividends would edge higher by $0.60 across my six shares due to such a dividend announcement.

Expected Distribution Increase #3: Enterprise Products Partners (EPD)

The third distribution increase that I'm expecting for July 2026 will be from Enterprise Products Partners. My guess is that EPD will declare a 0.9% increase in its quarterly distribution per unit to $0.5550.

Across my 275 units of EPD, my net annual forward distributions would rise by $5.50 from such a distribution declaration.

Expected Distribution Increase #4: Energy Transfer (ET)

The next distribution bump that I'm predicting for next month will come from Energy Transfer. My best guess is that ET will announce a 0.7% increase in its quarterly distribution per unit to $0.34.

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

Expected Dividend Increase #5: JPMorgan Chase (JPM)

The fifth dividend raise that I'm anticipating for July 2026 will be from JPMorgan Chase. I believe that JPM will declare a 6.7% raise in its quarterly dividend per share to $1.60.

Across my six shares of JPM, my net annual forward dividends would rise by $2.40 from such a dividend declaration.

Expected Dividend Increase #6: NNN REIT (NNN)

The next dividend increase that I'm expecting for next month will come from NNN REIT. My guess is that NNN will announce a 3.3% bump in its quarterly dividend per share to $0.62.

My net annual forward dividends would jump $5.76 higher across my 72 shares due to such a dividend announcement.

Expected Dividend Increase #7: J.M. Smucker (SJM)

The seventh dividend raise that I'm predicting will be from J.M. Smucker. My best guess is that SJM will declare a 2.7% increase in its quarterly dividend per share to $1.13.

Across my three shares of SJM, my net annual forward dividends would inch $0.36 higher from such a dividend declaration.

Expected Dividend Increase #8: Union Pacific (UNP)

The next dividend increase that I'm anticipating will come from Union Pacific. I believe that UNP will announce a 5.1% raise in its quarterly dividend per share to $1.45.

My net annual forward dividends would rise by $2.52 across my nine shares of UNP due to such a dividend announcement.

Expected Dividend Increase #9: Wells Fargo (WFC)

The ninth dividend raise that I'm expecting will be from Wells Fargo. My guess is that WFC will declare an 11.1% hike in its quarterly dividend per share to $0.50.

Across my eight shares of WFC, my net annual forward dividends would grow by $1.60 from such a dividend declaration.

Expected Dividend Increase #10: Essential Utilities (WTRG)

The final dividend increase that I'm predicting will come from Essential Utilities. My best guess is that WTRG will announce a 5.1% raise in its quarterly dividend per share to $0.36.

My net annual forward dividends would edge higher by $1.462 across my 21 shares of WTRG due to such a dividend announcement.

Concluding Thoughts:

My net annual forward dividends grew by $3.478 in June 2026 (not counting downward adjustments in ADR dividends from a stronger USD as of late). This would be equivalent to investing $115.93 at a 3% net dividend yield.

If my 10 dividend raises that I'm expecting for July 2026 play out as anticipated, my net annual forward dividends would climb $25.472 higher. That would require investing $849.07 at a 3% net dividend yield to replicate.

Discussion:

How has your June 2026 been for dividend raises thus far?

Did you or do you expect to receive any first-time dividend hikes this month?

Thanks for reading and please feel free to comment below!