Current quarterly dividend is $0.52 on the split shares. That was 19.20% higher than a year ago when the dividend was $0.43333. The $0.43333 dividend was 15.52% higher than the year ago dividend of $0.375.
So, I would expect a 15% to 19% increase in the quarterly dividend to range from 0.52 * 1.15 = $0.5980 to 0.52 * 1.19 = $0.6188. A [0.5980,0.6188] range implies to me a dividend of $0.60 quarterly or $2.40 annually.
I should check cash flow coverage of the existing dividend to add some confidence to these forecasts.
"Post 3 for 1 split ,I'm guessing LO will raise their dividend to 58 cents per share quarterly, starting in February. Just another reason why I bought more LO today at 114.14 per share." I posted this in December and I'm sticking with it.