May 2026 Stock Watch List

As I'm writing this blog post, it's currently Monday, April 20th. I just turned 29 years old this past Wednesday! On an unrelated note, the weather here in Central Wisconsin is about what you'd expect for this time of the year. The temperature is going to get up to 55 degrees Fahrenheit today.

With my stock purchases complete for April 2026, I'm going to be highlighting several stocks on my watch list for the upcoming month. Without further ado, let's dig into it!

Stock #1: Amazon.com (AMZN)

The first stock on my watch list for the next month is Amazon.com. This was also featured in my March 2026 Stock Watch List blog post. Readers can check out my full investment thesis in this Seeking Alpha article.

The gist of my investment thesis remains unchanged. AWS growth of 24% was the strongest growth since 2022, which offers compelling proof that its 2025 capex paid off. This also was the basis for AMZN releasing a $200 billion forecast for 2026 capex. The growth trifecta of cloud computing, e-commerce retail, and digital advertising remains in place. This should power consistent annual operating cash flow per share growth of around 20% for the foreseeable future. The company also boasts an AA S&P credit rating.

GNG Research

At the current $255 share price, the stock is trading at a forward 12-month P/OCF ratio of only 14.1. That's far below the FAST Graphs 10-year average P/OCF ratio of 23.5 and 30% under my fair value per share estimate of $362 (a fair value P/OCF ratio of 20). My friends over at GNG Research are much more conservative with their $275 fair value per share estimate. At any rate, AMZN looks to be a an intriguing long-term buy right now.

Stock #2: Brookfield Asset Management (BAM)

The next stock on my watch list for May 2026 is Brookfield Asset Management. After not being on my watch list since January 2026, BAM has made a return to my watch list. Readers can also peruse my investment thesis in this Seeking Alpha article.

As was the case last time, BAM is an industry leader in an alternative asset management industry with a strong long-term growth runway ahead. The company also had roughly $3 billion of corporate liquidity to close out 2025. BAM's 4.1% dividend yield is supported by its liquidity, capital-light business model, and predictable cash flows (87% of fee-bearing capital is long-term or permanent), which backs up its A- S&P credit rating. This is why BAM believes it can compound the payout by 15%+ annually. From the current $49 share price, the stock is trading at a 20% discount to my $62 fair value per share estimate (assuming a fair value yield of 3.25%).

Stock #3: Carlisle Companies (CSL)

The third stock on my watch list for next month is Carlisle Companies. This is the first time CSL has been on my watch list in a while, with it last being featured in my November 2025 Stock Watch List blog post. Curious readers can find my latest investment thesis in this recent Seeking Alpha article co-produced with Treading Softly.

Basically, aging U.S. commercial roofs and more stringent energy standards are key long-term catalysts. That gives me the confidence that CSL can reach its $40 adjusted EPS target by 2030. The company's net debt to EBITDA ratio was 1.4x to close out 2025. As of December 31st, 2025, CSL also had $2.1 billion in liquidity. This provides it with the dry powder needed for bolt-on acquisitions to drive further growth.

GNG Research

At the current $363 share price, the stock is trading at a forward 12-month P/E ratio of 17.1. That's moderately less than the FAST Graphs 10-year average P/E ratio of 19.5 and 8% below my $394 fair value per share estimate (a fair value P/E ratio of 18.5). GNG Research has fair value even higher at roughly $421 a share.

Stock #4: Intuit (INTU)

The next stock on my watch list for May 2026 is Intuit. Just like AMZN, this was last on my watch list in March 2026. My full investment thesis can be found in this Seeking Alpha article co-produced with Treading Softly.

The crux of my investment thesis is that INTU topped analysts' expectations for revenue and non-GAAP diluted EPS in Q2 2026. The continued implementation of AI into the business and these results gave management the confidence to reiterate revenue growth guidance (12% to 13%) and non-GAAP diluted EPS growth guidance (14% to 15%) for FY 2026. INTU also enjoys an A S&P credit rating with a stable outlook.

GNG Research

What's more, the stock is priced at a forward 12-month P/E ratio of 15.9 at the current $405 share price. This is less than half of the FAST Graphs 10-year average P/E ratio of 37.6 and 36% below my fair value per share estimate of $637 (a fair value P/E ratio of 25). This jives with GNG Research's $616 fair value per share estimate as well.

Stock #5: NNN REIT (NNN)

The fifth stock on my watch list for next month is NNN REIT. I last added to my position in NNN in February 2026. Readers can find my most recent investment thesis in my recent Seeking Alpha article.

The gist of my investment thesis is that NNN's continued investment volume and annual lease escalators should keep delivering 3% annual FFO per share growth in the years ahead. The BBB+ S&P credit rating is another positive.

Finally, from the current $45 share price, the stock is trading at a forward 12-month P/FFO ratio of 12.7. That's well below the 10-year average P/FFO ratio of 16.2 and 12% less than my $51 fair value per share estimate (a fair value P/FFO ratio of 14.5).

Concluding Thoughts:

That's all for now. I'll be allocating 25% of my capital to NNN and the remaining 75% to my growth-oriented picks. For my investment objectives, this strikes a nice balance between immediate income (keeping my yield on capital deployed in the high-2% range) and capital appreciation.

Discussion:

Are any of AMZN, BAM, CSL, INTU, or NNN on your watch list for next month?

If not, what stocks are you watching in May 2026?

I appreciate your readership and welcome your comments below!

Expected Dividend Increases for May 2026

As I'm writing this blog post, it's currently Tuesday, April 14th. The temperature here in Central Wisconsin is going to reach a high of 72 degrees Fahrenheit later today, with thunderstorms in the forecast this afternoon.

Today, I'm going to be taking a moment to go over the dividend raise that I have received thus far in April 2026 (I'll update the others as they are announced). Also, I'll be looking ahead to dividend raises that I'm anticipating for next month. Without further ado, let's dive into it!

Actual Dividend Increases for April 2026

Dividend Increase: Agree Realty (ADC)

Agree Realty announce a 1.9% increase in its monthly dividend per share to $0.267. This was just below my expectation of a 2.3% raise to $0.268. Still, I'll gladly take it!

Across my 20 shares of ADC, my net annual forward dividends grew by $1.20 due to this dividend announcement.

Pending Dividend Increase #1: American Water Works (AWK)

American Water Works hasn't declared its next dividend. Still, I predict that a 7.6% boost in the payout per share to $0.89 is in the works.

My net annual forward dividends would grow by $2 across my eight shares of AWK from such a dividend declaration.

Pending Distribution Increase #2: Energy Transfer (ET)

Energy Transfer has yet to announce its next distribution. Even so, I'm maintaining my projection of a 0.7% increase in the quarterly distribution per unit to $0.3375.

Across my 207 units of ET, my net annual forward distributions would grow by $2.07 due to such a distribution announcement.

Pending Dividend Increase #3: Alphabet (GOOGL)

Alphabet hasn't raised its dividend yet either. I continue to think that it will declare a 4.8% bump in its quarterly dividend per share to $0.22.

My net annual forward dividends would rise by $1.72 across my 43 shares of GOOGL from such a dividend declaration.

Expected Dividend Increases for May 2026

Expected Dividend Increase #1: Lowe's Companies (LOW)

The first dividend raise that I'm anticipating for May 2026 will come from Lowe's Companies. I believe that LOW will announce a 4% increase in its quarterly dividend per share to $1.25.

Across my 10 shares of LOW, my net annual forward dividends would grow by $2 due to such a dividend announcement.

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

The next dividend increase that I'm predicting for next month will be from Main Street Capital. My guess is that MAIN will declare a 1.9% increase in its monthly dividend per share to $0.2650.

My net annual forward dividends would rise by $1.80 across my 30 shares from such a dividend declaration.

Expected Dividend Increase #3: Medtronic (MDT)

The third dividend raise that I'm projecting for May 2026 will come from Medtronic. My best guess is that MDT will announce a 5.6% increase in its quarterly dividend per share to $0.75.

Across my 13 shares of MDT, my net annual forward dividends would grow by $2.08 due to such a dividend announcement.

Expected Dividend Increase #4: RTX Corporation (RTX)

The final dividend boost that I'm anticipating for next month will be from RTX Corporation. I believe that RTX will declare an 8.8% raise in its quarterly dividend per share to $0.74.

My net annual forward dividends would rise by $2.88 across my 12 shares of RTX from such a dividend declaration.

Concluding Thoughts:

If my remaining raises play out as anticipated in April, my net annual forward dividends will have grown by $6.99. This would be like investing $233 at a 3% net dividend yield.

If my expected dividend increases for May 2026 materialize, my net dividends would grow by $8.76. This would be equivalent to investing $292 at a 3% yield.

Discussion:

How has your April 2026 been for payout increases?

Did you receive any first-time dividend raises in the month?

Thanks for your readership and please feel free to leave your comments below!

March 2026 Stock Purchases

As I'm writing this blog post, it's Saturday, April 4th. It's Easter weekend, but it doesn't feel like it here in Central Wisconsin. The high temperature is set to reach just 42 degrees Fahrenheit today (10+ degrees below the average for this time of year). At any rate, I'm still thrilled that it's Easter weekend.

With that aside, I will be highlighting my stock purchases in March 2026. Let's get into it!

Stock Purchase #1: Automatic Data Processing (ADP)

The first stock purchase that I completed in March 2026 was an additional three shares of Automatic Data Processing at an average price per share of $215.71. In my March 2026 Stock Watch List blog post, I laid out the rationale for why I've been adding ADP lately. The $20.40 boost in my net annual forward dividends is equivalent to a 3.15% net dividend yield.

Stock Purchase #2: Amazon.com (AMZN)

I also purchased another four shares of Amazon.com last month at an average cost of $203.92 per share. Readers can peruse my March 2026 Stock Watch List blog post linked above for my investment thesis.

Stock Purchase #3: Microsoft (MSFT)

The third stock purchase that I executed in March 2026 was an additional two shares of Microsoft at an average price per share of $396.17. Curious readers can find my investment thesis in my March 2026 Stock Watch List blog post linked earlier. The $7.28 in net annual forward dividends added from this transaction works out to a 0.92% dividend yield.

Stock Purchase #4: Western Midstream Partners (WES)

I also added another 22 units of Western Midstream Partners at an average cost of $41.49 a unit. Once again, I outlined my investment thesis in the March 2026 Stock Watch List blog post earlier. That lifted my net annual forward distributions by $81.84, which equates to an 8.97% net distribution yield.

Stock Purchase #5: VICI Properties (VICI)

The fifth stock purchase that I executed in March 2026 was three more shares of VICI Properties at an average price of $27.05 per share. I would refer interested readers to my April 2026 Stock Watch List blog post for my investment thesis for the net lease REIT. This added $5.40 to my net annual forward dividends, which is equivalent to a 6.65% net dividend yield.

Bonus Stock Purchase #1: Broadcom (AVGO)

I also picked up another three shares of Broadcom at an average cost per share of $315.38. I won't dive too deeply into it, but I'm basically very encouraged by AVGO's immense compounding potential (66%, ~60%, and ~22% non-GAAP EPS consensus growth projections for FY 2026 through FY 2028), the reasonable valuation of its shares (the forward 12-month P/E ratio is currently around 22x), an A-rated balance sheet, and a dividend with room to keep compounding at a double-digit percentage rate annually. That raised my net annual forward dividends by $7.80, which works out to a 0.82% net dividend yield.

Bonus Stock Purchase #2: BlackRock (BLK)

Finally, I purchased one share of BlackRock at a price of $937.97. Readers can find my most recent investment thesis in a Seeking Alpha article co-produced with Treading Softly. Essentially, I believe the string of private markets acquisitions will be instrumental in improving the company's adjusted operating margin. That would especially be the case if the trillions of dollars in retirement accounts were allowed to be modestly allocated to private equity/credit. BLK's AA- S&P credit rating makes it a juggernaut with a low cost of capital that can scoop up complementary assets. The recent double-digit percentage dividend hike and manageable payout ratio are additional positives. Finally, shares are also cheap relative to my fair value estimate above $1,100. This move added $22.72 to my net annual forward dividends, which equates to a 2.42% net dividend yield.

Concluding Thoughts:

In March 2026, I put $5,237.83 in net capital to work (including CAIBX mutual fund dividend reinvestment in my former employer-sponsored retirement account). My net annual forward dividends grew by $148.642 from capital deployment, which is equivalent to a 2.84% weighted-average net dividend yield.

In addition, my net annual forward dividends rose by $9.238 from the dividend raises that I received in March 2026. That's how my net annual forward dividends jumped from around $7,090 entering the month to nearly $7,235 at the end of the month (including modest downward adjustments in ADR net annual forward dividends, including Enbridge, British American Tobacco, Novo Nordisk, and GSK).

Discussion:

How was your March 2026 for capital deployment?

Did you open any new positions or close any positions during the month?

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

March 2026 Dividend Income

As I'm writing this blog, it's Saturday, March 28th. The high temperature is set to reach 45 degrees Fahrenheit here in Central Wisconsin, which is about what one would expect for this time of the year.

Since the month is almost complete, I will take a moment to highlight my net dividend income for March 2026. Let's get into it!

Net Income Was Almost $700

In March 2026, I received $694.11 in net dividends (including ADR fees for BAM in my taxable accounts). Sequentially, this is down 2% over the $708.24 in net dividends collected in December 2025. Backing out $85.67 in net special dividends in December (after the $10 annual fee), my net dividends would have grown by 11.5% sequentially.

Compared to the $583.10 in net dividends that I received in March 2025, this equates to a 19% year-over-year growth rate.

In my Charles Schwab account, I collected $397.81 in net dividends from 40 companies. The timing of PepsiCo's (PEP) dividend payment was only partially offset by the timing of Coca-Cola's (KO) dividend payment and my sale of Viatris (VTRS) in February 2026. My additions to Microsoft (MSFT) and Meta Platforms (META) in December 2025 also contributed to this uptick in income. Additions to Visa (V) in January 2026 chipped in as well.

I received $170.87 in net dividends from 15 companies within my Robinhood IRA. Purchases of BAM, MSFT, and META drove this uptick in income in the portfolio.

My net dividends collected in retirement account (when I was an employee at my first full-time job) from the Capital Income Builder (CAIBX) mutual fund was $104.64. A 3.2% uptick in the quarterly dividend per share and a higher share count from dividend reinvestment were behind this higher income.

In my Webull portfolio, I received $20.79 in net dividends from seven companies.

Concluding Thoughts:

March 2026 was yet another robust month for the portfolio. Through the first quarter of 2026, my net dividends were up 24% over Q1 2025. By the grace of God, I believe that this compounding can not only continue but accelerate through greater capital contributions moving forward than I would have anticipated only a few months ago.

Discussion:

How was your March 2026 for dividend income?

Did you receive any first-time dividends in the month?

Thanks for your readership and please feel free to comment below!