Estimating Future Dividends / Dividend Growth Rate
I’m 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. I’m trying to determine if it’s easonable to expect dividends to increase (on average) at 7% per year / double over a 10 year period. I’ve tried back-testing and looking at dividends of my positions 10 years ago and it seems 7% growth is a reasonable expectation but I’m 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?
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