October 2026 Stock Purchases

As I'm writing this blog post, it's Tuesday, November 3rd. The temperature here in Central Wisconsin is poised to reach a high later today of 67 degrees Fahrenheit. There's rain in the forecast throughout most of the day, though, so it's an especially good day to tackle the to-dos!

With that out of the way, I will be outlining my stock purchases for October 2026. Let's dive into it!

Stock Purchase #1: Amazon.com, Inc. (AMZN)

I purchased another four shares of Amazon.com at an average price per share of $243.67. Interested readers can find my investment thesis for AMZN in my October 2026 Stock Watch List blog post.

Stock Purchase #2: Broadcom (AVGO)

My next purchase was an additional three shares of Broadcom at an average cost of $342.10 per share. Readers can peruse my investment thesis for AVGO in my October 2026 Stock Watch List blog post linked above. Given the $7.80 in net annual forward dividends that this added to my portfolio, that equates to a 0.76% net dividend yield.

Stock Purchase #3: Cummins (CMI)

I purchased another two shares of Cummins for an average price per share of $518.00. This marked the first time since May 2022 that I added to my position. My rationale was basically that CMI was trading at a reasonably attractive valuation. The macro setup (e.g., the October 2026 ISM Manufacturing PMI reading of 55.5, which indicates solid expansion) was also strongly positive. This lifted my net annual forward dividends by $17.60, which is equivalent to a 1.70% net dividend yield.

Stock Purchase #4: Hamilton Lane Incorporated (HLNE)

My next purchase was an additional 12 shares of Hamilton Lane at an average cost of $84.48 per share. Curious readers can check out my thoughts in my September 2026 Stock Watch List blog post. That added $28.80 in net annual forward dividends to my portfolio, which works out to be a 2.84% net dividend yield.

Stock Purchase #5: Western Midstream Partners (WES)

Finally, I added another 19 units of Western Midstream Partners at an average price per unit of $45.10. This boosted my net annual forward distributions by $70.68, which equates to an 8.25% net distribution yield.

Concluding Thoughts:

In October 2026, I deployed $4,907.67 in net capital. This added $124.88 in net annual forward dividends, which is equivalent to a 2.54% net yield.

My net annual forward dividends also surged by $64.558 across nine payout raises in October 2026. That explains how my net annual forward dividends rose from around $8,325 heading into the month to nearly $8,510 moving into November 2026.

Discussion:

How was your capital deployment in October 2026?

Did you start any new positions during the month? Did you exit any positions?

I appreciate your readership and welcome your comments below!

October 2026 Dividend Income

As I'm writing this blog post, it's currently Tuesday, October 27th. The temperature here in Central Wisconsin is set to reach a high of 59 degrees Fahrenheit later today. For this time of year, that's to be expected.

With that aside, I will be quickly recapping my net dividend income for October 2026 with the month almost entirely in the books. Let's dive into it!

Net Dividends Topped $400

In October 2026, I will have received $403.02 in net dividends (including ADR fees for GSK). This was up 12.2% over the $359.31 in net dividends collected in July 2026. Much of this was driven by the timing of NVIDIA's dividend payment and recent sales/purchase activity in my portfolio.

Compared to the $278.00 in net dividends in October 2025, my net dividends soared 45% over the year-ago period.

Within my taxable Robinhood account, I received $289.14 in net dividends from 20 companies. The company count of dividend payers decreased by one, which was due to the loss of income from Rexford Industrial Realty (sold in July 2026), Coca-Cola (also sold in July 2026), and FedEx (sold in August 2026). The timing of NVDA's dividend payment was an addition to the dividend payer list in October 2026. In terms of income volume, the first-time dividend payment from Hamilton Lane (HLNE) also helped.

In my Robinhood IRA portfolio, I collected $69.34 in net dividends from seven companies. The timing of NVDA's dividend payment and the purchase of one share of Royal Gold (RGLD) fueled much of the growth.

Within my Fidelity solo 401k account, I received $36.41 in net dividends from five companies. The timing of NVDA's dividend payment and the addition of HLNE to the portfolio were the key drivers.

Finally, I collected $8.13 in net dividends from two companies (Philip Morris International and Altria Group) in my Webull portfolio.

Concluding Thoughts:

Backing out the Novo Nordisk dividend paid in April, my net dividends reached a record high in October 2026 for the first month of a quarter. Through the first 10 months of 2026, my net dividends have surged 29.3%. With the final push to close out 2026, I believe that God's grace and my continued capital deployment can keep the growth rate in net dividends in the high-20% range.

Discussion:

How was your October 2026 for dividend income?

Did you receive any first-time dividends during the month as I did with HLNE?

Thanks for reading and I look forward to your comments below!

Expected Dividend Increases for November 2026

As I'm writing this blog post, it's currently Tuesday, October 20th, 2026. The temperature here in Central Wisconsin is poised to reach a high of 68 degrees Fahrenheit with a sunny forecast. Overall, that's not too shabby for this time of year.

With that out of the way, I will be going over the dividend raises that I've received thus far for October 2026. As the remaining announcements occur, I will update this blog post. I'll also turn my attention to the payout boosts that I'm expecting for November 2026. Let's get into it!

Actual Dividend Increases for October 2026

Dividend Increase #1: Accenture plc (ACN)

Accenture plc declared a 4.9% raise in its quarterly dividend per share to $1.71. This came up below my forecast of a 9.8% hike in the quarterly dividend per share to $1.79 in the previous post of this series.

Across my 28 shares of ACN, my net annual forward dividends rose by $8.96 due to this dividend declaration.

Dividend Increase #2: Agree Realty (ADC)

Agree Realty announced a 1.5% increase in its monthly dividend per share to $0.2710. That was just under my prediction of a 1.9% bump to $0.2720.

My net annual forward dividends grew by $0.96 across my 20 shares of ADC from this dividend announcement.

Dividend Increase #3: A.O. Smith (AOS)

A.O. Smith declared a 5.6% raise in its quarterly dividend per share to $0.38. This was in line with my expectations.

Across my 12 shares of AOS, my net annual forward dividends inched $0.96 higher due to this dividend declaration.

Dividend Increase #4: Lockheed Martin (LMT)

Lockheed Martin announced a 4.3% increase in its quarterly dividend per share to $3.60. That was just less than my expectation of a 5.2% raise to $3.63.

My net annual forward dividends edged $2.40 higher across my four shares of LMT from this dividend announcement.

Pending Dividend Increase #1: AbbVie (ABBV)

AbbVie has yet to raise its dividend. Still, I'm sticking with my expectation of ABBV declaring a 5.2% boost in the quarterly dividend per share to $1.82.

Across my 14 shares of ABBV, my net annual forward dividends would grow by $5.04 due to this dividend declaration.

UPDATE: As expected, ABBV declared a 5.2% raise in its quarterly dividend per share to $1.82. That increased my net annual forward dividends by $5.04.

Pending Dividend Increase #2: American Electric Power (AEP)

American Electric Power also hasn't increased its payout yet. However, I still think that it will announce a 2.1% bump in the quarterly dividend per share to $0.97.

My net annual forward dividends would edge $1.20 across my 15 shares of AEP from this dividend announcement.

UPDATE: As anticipated, AEP announced a 2.1% increase in its quarterly dividend per share to $0.97. That raised my net annual forward dividends by $1.20.

Pending Distribution Increase #3: Energy Transfer (ET)

Energy Transfer has yet to increase its distribution. I'm still expecting it will declare a 0.7% raise in the quarterly distribution per unit to $0.3425.

Across my 207 units of ET, my net annual forward distributions would inch up by $2.07 due to this dividend declaration.

UPDATE: As expected, ET declared a 0.7% increase in its quarterly distribution per unit to $0.3425. This lifted my net annual forward distributions by $2.07.

Pending Distribution Increase #4: MPLX LP (MPLX)

MPLX LP also hasn't upped its distribution yet. However, I'm sticking with my prediction that the MLP will announce a 12% hike in the quarterly distribution per unit to $1.206.

My net annual forward distributions would soar by $36.26 across my 70 units of MPLX from such a distribution announcement.

UPDATE: MPLX announced a 12.5% boost in its quarterly distribution per unit to $1.2111. That raised my net annual forward distributions by $37.688.

Pending Dividend Increase #5: Visa (V)

Visa hasn't raised its dividend yet, either. Still, I believe that it will declare a 13.4% boost in the quarterly dividend per share to $0.76.

Across my 12 shares of V, my net annual forward dividends would increase by $4.32 due to this dividend declaration.

UPDATE: V declared a 16.4% hike in its quarterly dividend per share to $0.78. This boosted my net annual forward dividends by $5.28.

Expected Dividend Increases for November 2026

Expected Dividend Increase #1: Automatic Data Processing (ADP)

The first dividend hike that I'm anticipating for November 2026 will be from Automatic Data Processing. My best guess is that ADP will announce a 10% boost in its quarterly dividend per share to $1.87.

My net annual forward dividends would jump by $15.64 across my 23 shares of ADP from such a dividend announcement.

Expected Dividend Increase #2: Main Street Capital (MAIN)

The next dividend raise that I'm expecting for next month will come from Main Street Capital. I believe the BDC will declare a 1.9% increase in the monthly dividend per share to $0.2700.

Across my 30 shares of MAIN, my net annual forward dividends would grow by $1.80 due to this dividend declaration.

Expected Dividend Increase #3: Merck (MRK)

The third dividend increase that I'm predicting for November 2026 will be from Merck. My guess is that MRK will announce a 4.7% raise in its quarterly dividend per share to $0.89.

My net annual forward dividends would rise by $3.04 across my 19 shares of MRK from such a dividend announcement.

Expected Dividend Increase #4: Royal Gold (RGLD)

The final dividend raise that I'm anticipating for next month will come from Royal Gold. My best guess is that RGLD will declare a 10.5% boost in its quarterly dividend per share to $0.5250.

Across my 12 shares of RGLD, my net annual forward dividends would grow by $2.40 due to such a dividend declaration.

Concluding Thoughts:

My net annual forward dividends rose by $64.558 across nine payout boosts in October 2026. This would be like investing $2,151.93 at a 3% net dividend yield.

If my four raises for November 2026 play out as expected, my net annual forward dividends would grow by $22.88. That would require investing $762.67 at a 3% net dividend yield to replicate.

Discussion:

How has your October 2026 been for dividend raises?

Have you received any first-time raises like I did with ACN?

I appreciate your readership and look forward to your comments below!

November 2026 Stock Watch List

As I'm writing this blog post, it's currently Tuesday, October 13th, 2026. The temperature here in Central Wisconsin is set to reach a high of 67 degrees Fahrenheit later today. This is about what you'd expect for this time of year here. That's nice enough to spend some time outside!

With that aside, I'm going to be looking ahead to the stocks on my watch list for November 2026. Without further ado, let's dig into it!

Stock #1: Amazon.com, Inc. (AMZN)

Perhaps not surprisingly, Amazon.com, Inc. returns to my watch list once again after its previous feature in the October 2026 Watch List blog post. AMZN has been on my watch list for four straight months now.

For the sake of brevity, I'll refer interested readers to my August Seeking Alpha article and the following excerpt from my previous blog post on the fundamentals:

The gist of the thesis is that AMZN's Q2 2026 earnings report validated the investment thesis. AWS recorded the strongest quarter of growth since Q4 2021. That was when AWS grew revenue by about 40% to an annual run rate of $71 billion. In Q2 2026, the segment's growth accelerated from 28% in Q1 2026 to 37% in Q2 2026 (concluding the second quarter with a $169 billion annual run rate). That was more than double the 17% growth of AWS in Q2 2025 on a much smaller base. This offers the clearest proof that AMZN's outsized capex in recent years is bearing fruit.

AMZN's AI and chips businesses also each surpassed $25 billion annual run rates in Q2 2026 (with triple digit percentage YOY growth rates). Only NVIVIA and Broadcom have bigger businesses.

Just like I noted in the previous post of this series, North America and International net sales growth were also strong. Each segment's net sales grew at mid-teens percentage rates in Q2 2026. That sets up AMZN's OCF per share growth to easily top 25% annually over the next few years.

The company's AA S&P credit rating with a stable outlook also drives home the point that its financial positioning is impeccable.

GNG Research

At the current $262 share price, AMZN's shares are trading at a forward 12-month P/OCF ratio of 12. This is well below the FAST Graphs 10-year average P/OCF ratio of 23.5 and a 33% discount to my $392 fair value per share estimate (a fair value P/OCF ratio of 18). That also represents a 14% discount to the $305 fair value per share of my friends at GNG Research.

Stock #2: Carlisle Companies Incorporated (CSL)

The next stock on my watch list is Carlisle Companies Incorporated. This makes the list for the first time since May 2026. Interested readers can find my thesis in a September Seeking Alpha article co-produced with Treading Softly.

The crux of the article is that CSL recently entered Dividend King status after extending its dividend growth streak to 50 years with a 13.6% hike in the payout. Driven by stable commercial re-roofing demand and market share gains in energy-efficient building envelopes, CSL delivered strong Q2 2026 record revenue of $1.57 billion and adjusted EPS of $7.03. With long-term re-roofing tailwinds from the early-2000s commercial building boom and a BBB S&P credit rating, it remains well-positioned for double-digit percentage annual adjusted EPS growth.

GNG Research

From the current $324 share price, the stock is priced at a forward 12-month P/E ratio of 13.8. This is well below the FAST Graphs 10-year average P/E ratio of 19.5 and a 23% discount to my $422 fair value per share estimate (a fair value multiple of 18). The more conservative estimate from GNG Research pegs the fair value at $362, which would be a 10% discount from current levels.

Stock #3: NVIDIA Corporation (NVDA)

NVIDIA Corporation is another stock on my watch list. Last on my August 2026 Stock Watch List blog post, this name is also not a stranger to this blog series. Interested readers can find my rationale in the July 2026 Stock Watch List blog post and this September Seeking Alpha article co-produced with Treading Softly.

The biggest takeaway is that demand is broadening for NVDA. AI Clouds, Industrial, and Enterprise revenue soared 138.5% to $40.3 billion in Q2 2027. That outpaced even the 101.2% growth in hyperscale revenue to $48.7 billion in the fiscal second quarter. This is likely to lead to adjusted diluted EPS growth well into the double-digit percentages annually over the next several years. Combined with an AA S&P credit rating and a stable outlook, NVDA is a fundamentally vigorous company.

GNG Research

At the current $225 share price, shares are trading at a forward 12-month P/E ratio of 16.3. That's a fraction of the FAST Graphs 10-year average P/E ratio of 44.3 and the 20-year average P/E ratio of 35.1. From my $415 fair value per share estimate (a fair value multiple of 30), this equates to a 46% discount to fair value. Even with the more conservative GNG Research fair value estimate of $377 a share, that suggests a 40% discount to fair value.

Stocks #4 and 5: Energy Transfer LP (ET) and NextEra Energy, Inc. (NEE)

My more income-oriented stocks on my watch list include Energy Transfer LP and NextEra Energy, Inc. For the sake of time, I will link to my investment thesis for ET here and NEE here.

Concluding Thoughts:

That's it for now. Five excellent businesses that I envision adding to in November 2026. Overall, my allocation should keep my yield in the mid- to high-2% range that I usually target with net new capital.

Discussion:

Are any of AMZN, CSL, ET, NEE, or NVDA on your watch list for November 2026?

If not, what stocks are you watching for next month?

Thanks for reading and please feel free to comment below!