Expected Dividend Increases for August 2026

As I'm writing this blog post, it's currently Tuesday, July 21st. The temperature here in Central Wisconsin is set to reach a high of 75 degrees Fahrenheit later today, with a sunny forecast. In other words, the forecast is absolutely perfect. So, I plan on getting outside today after the recent hot stretch!

With that aside, I will be going over the dividend raises that I have received thus far in July 2026 (and updating the others as they are announced in the coming days). I'll also be looking ahead to the payout boosts that I'm anticipating next month. Let's dig into it!

Actual Dividend Increases for July 2026

Dividend Increase #1: Cummins (CMI)

Cummins declared a 10% hike in its quarterly dividend per share to $2.20. That beat my prediction of an 8% raise to $2.16 in this series' prior blog post.

My net annual forward dividends rose by $4 across my five shares of CMI due to this dividend declaration.

Dividend Increase #2: Duke Energy (DUK)

Duke Energy announced a 1.9% increase in its quarterly dividend per share to $1.085. This came in just below my forecast of a 2.3% increase in the quarterly dividend per share to $1.09.

Across my six shares of DUK, my net annual forward dividends edged $0.48 higher from this dividend announcement.

Distribution Increase #3: Enterprise Products Partners (EPD)

Enterprise Products Partners declared a 1.8% raise in its quarterly distribution per unit to $0.56. That was more than the 0.9% bump to $0.5550 that I was expecting.

My net annual forward distributions rose by $11 across my 275 units of EPD due to this distribution declaration.

Dividend Increase #4: JPMorgan Chase (JPM)

JPMorgan Chase announced a 10% boost in its quarterly dividend per share to $1.65. This was better than the 6.7% raise to $1.60 that I predicted.

Across my six shares of JPM, my net annual forward dividends grew by $3.60 from this dividend announcement.

Dividend Increase #5: NNN REIT (NNN)

NNN REIT declared a 3.3% raise in its quarterly dividend per share to $0.62, which was in line with my forecast.

My net annual forward dividends were lifted by $5.76 across my 72 shares of NNN due to this dividend declaration.

Dividend Increase #6: J.M. Smucker (SJM)

J.M. Smucker announced a 1.8% increase in its quarterly dividend per share to $1.12. This was less than the 2.7% raise to $1.13 that I was expecting.

Across my three shares of SJM, my net annual forward dividends inched $0.36 higher from this dividend announcement.

Dividend Increase #6: Wells Fargo (WFC)

Wells Fargo declared an 11.1% hike in its quarterly dividend per share to $0.50. That met my expectations.

My net annual forward dividends grew by $1.60 across my eight shares of WFC from this dividend announcement.

Pending Distribution Increase #1: Energy Transfer (ET)

Energy Transfer has yet to declare its next distribution. However, I continue to believe that ET will declare a 0.7% increase in its quarterly distribution per unit to $0.34.

My net annual forward distributions would increase by $2.07 across my 207 units due to such a distribution declaration.

Pending Dividend Increase #2: Union Pacific (UNP)

Union Pacific hasn't yet announced its next dividend. Still, I'm maintaining my expectation for a 5.1% raise in the quarterly dividend per share to $1.45.

Across my nine shares of UNP, my net annual forward dividends would grow by $2.52 from such a dividend announcement.

Pending Dividend Increase #3: Essential Utilities (WTRG)

Finally, Essential Utilities hasn't declared its next dividend, either. However, I'm sticking with my forecast of a 5.1% increase to $0.36.

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

Expected Dividend Increases for August 2026

Expected Dividend Increase #1: Carlisle Companies (CSL)

The first dividend boost that I'm expecting for August 2026 will come from Carlisle Companies. I believe that CSL will announce a 9.1% raise in its quarterly dividend per share to $1.20.

Across my 11 shares of CSL, my net annual forward dividends would grow by $4.40 from such a dividend announcement.

Expected Dividend Increase #2: Altria Group (MO)

The next dividend raise that I'm forecasting for next month will be from Altria Group. My best guess is that MO will declare a 4.7% increase in its quarterly dividend per share to $1.11.

My net annual forward dividends would rise by $4.80 across my 24 shares due to such a dividend declaration.

Expected Dividend Increase #3: Intuit (INTU)

The final dividend boost that I'm predicting for August 2026 will come from Intuit. My guess is that INTU will hike its quarterly dividend per share by 15% to $1.38.

Across my 10 shares of INTU, my net annual forward dividends would surge $7.20 higher from such a dividend announcement.

Concluding Thoughts:

If my remaining dividend raises play out as anticipated, my net annual forward dividends would rise by $32.852. That would be like investing $1,095.07 at a 3% net dividend yield.

If my three dividend hikes in August 2026 materialize, my net annual forward dividends would grow by $16.40. This would be equivalent to investing $546.67 at a 3% net dividend yield.

Discussion:

How has your July 2026 been for dividend raises?

Are you expecting any first-time payout boosts in August as I am with CSL and INTU?

I appreciate your readership and welcome your comments below!