Prediction: These 3 High-Yield Dividend Stocks Will Raise Their Payouts to Record Highs in October or November

Core Viewpoint - The article highlights three companies—Lockheed Martin, ExxonMobil, and Starbucks—that are expected to grow their dividends in the near future, making them attractive options for investors seeking passive income [2]. Lockheed Martin - Lockheed Martin is known for its consistent dividend increases, having raised its payout for 22 consecutive years, with expectations for another increase this fall [3][4]. - The company has a high dividend yield of 2.7% and a forward price-to-earnings ratio of 22.2, indicating good value despite recent growth challenges [4]. - Lockheed's backlog stands at $166.5 billion, more than double its projected 2024 revenue, which is expected to generate significant free cash flow to support dividend growth [5]. ExxonMobil - ExxonMobil has a strong track record of dividend increases, having raised its dividend for 42 consecutive years, and is projected to continue this trend due to its focus on production quality [7]. - The company aims to increase earnings by $20 billion and operating cash flow by $30 billion by 2030, with a capital expenditure plan of $28 billion to $33 billion annually from 2026 to 2030 [8]. - ExxonMobil plans to return value to shareholders through $20 billion in stock buybacks and over $17 billion in dividends this year, with a current yield of 3.4% [9]. Starbucks - Starbucks has increased its dividend for 14 consecutive years, but faces challenges from competition and changing consumer preferences [10][12]. - The company is undergoing a turnaround strategy under new CEO Brian Niccol, focusing on improving the in-store experience while managing costs [12][13]. - Despite recent struggles, Starbucks maintains a dividend yield of 2.9%, making it a potential passive income opportunity for investors who believe in the brand's resilience [14][15].