Estimating Future Dividends / Dividend Growth Rate
Iím trying to estimate future dividend payments of my primarily individual blue-chip stock portfolio. I currently hold JPM, WFC, V, MA, PM, MO, RTN, LMT, PEP, KHC, BP, XOM, JNJ, UNP, HON, and VFIAX in relatively equal amounts. Iím trying to determine if itís easonable to expect dividends to increase (on average) at 7% per year / double over a 10 year period. Iíve tried back-testing and looking at dividends of my positions 10 years ago and it seems 7% growth is a reasonable expectation but Iím not sure if the last 10 years are the norm or an anomaly.
Any thoughts or suggestions as to where / how I could better research this?
"Adversity does not build character, it reveals it." - James Lane Allen