July 2026 Dividend Stock Purchases/Sales

As I'm writing this blog post, it's currently Tuesday, August 4th. The temperature here in Central Wisconsin reached a high of 81 degrees Fahrenheit earlier today, which was quite nice. Also of note, today is the 17th birthday of my family's cat, Thomas!

With that aside, the beginning of another month means it's time to highlight my dividend stock purchases/sales in July 2026. Let's dive into it!

Dividend Stock Purchase #1: Brookfield Asset Management (BAM)

I purchased another 24 shares of Brookfield Asset Management at an average cost of $48.98 a share. In my July 2026 Stock Watch List blog post, I outlined my investment thesis for BAM. This boosted my net annual forward dividends by $48.24, which equates to a 4.10% net dividend yield.

Dividend Stock Purchase #2: Genpact Limited (G)

My next purchase was 39 more shares of Genpact Limited at an average price per share of $29.48. Interested readers can find my investment thesis in my July 2026 Stock Watch List blog post linked earlier. That lifted my net annual forward dividends by $29.25, which is equivalent to a 2.54% net dividend yield.

Dividend Stock Purchase #3: McDonald's Corporation (MCD)

I also picked up another four shares of McDonald's Corporation at an average cost of $268.61 a share. Curious readers can peruse my investment thesis in my July 2026 Stock Watch List blog post. This raised my net annual forward dividends by $29.76, which works out to a 2.77% net dividend yield.

Dividend Stock Purchase #4: Microsoft Corporation (MSFT)

My next purchase was an additional two shares of Microsoft Corporation at an average price per share of $395.19. Readers can check out my investment thesis in my July 2026 Stock Watch List blog post. That increased my net annual forward dividends by $7.28, which equates to a 0.92% net dividend yield.

Dividend Stock Purchase #5: NVIDIA Corporation (NVDA)

I picked up another five shares of NVIDIA Corporation at an average cost of $208.13 a share. My investment thesis can again be found in my July 2026 Stock Watch List blog post. This move added another $5 to my net annual forward dividends, which is equivalent to a 0.48% net dividend yield.

Bonus Dividend Stock Purchase: Royal Gold, Inc. (RGLD)

My next purchase was an additional six shares of Royal Gold, Inc. at an average price per share of $192.77. Interested readers can find my investment thesis in this Seeking Alpha article co-produced with Treading Softly. Given that this increased my net annual forward dividends by $11.40, this works out to a 0.99% net dividend yield.

Dividend Stock Sales: Air Products & Chemicals (APD), Coca-Cola (KO), Rexford Industrial Realty (REXR), and T. Rowe Price Group (TROW)

I closed four positions in July 2026. I started the month by selling five shares of Air Products & Chemicals for an average price per share of $310.91. 

I also sold 30 shares of Rexford Industrial Realty for $34.06 apiece. 

Next, I closed out a 10 share position in Coca-Cola for $84.02 a share.

Finally, I sold six shares of T. Rowe Price Group for $120.17 a share.

Each of these sales were executed because of slow dividend growth, excessive valuations, or some combination of the two. These transactions reduced my net annual forward dividends by $140.80.

Dividend Stock Purchases: Accenture plc (ACN), Domino's Pizza, Inc. (DPZ), and Verizon Communications (VZ)

I rolled my proceeds from the APD and REXR sales plus an additional $250.11 into 20 starter shares of Accenture plc at an average cost per share of $141.32. Readers can find my investment thesis for ACN in my August 2026 Stock Watch List blog post.

I put my proceeds from my KO sale and an additional $984.04 into opening a six share starter position in Domino's Pizza, Inc. at an average price of $304.04 a share. Once again, the rationale for this move can be found in my August 2026 Stock Watch List blog post.

Lastly, I took my TROW sale proceeds and another $1.85 to add another 15 shares to my position in Verizon Communications at an average cost per share of $48.19. Overall, I thought this was a decent value for VZ.

In total, these moves added $220.61 to my net annual forward dividends.

Concluding Thoughts:

In July 2026, I deployed a record $7,623.01 in net capital. All of my wheeling and dealing added $210.74 to my net annual forward dividends, which equates to a 2.76% net dividend yield.

My net annual forward dividends also rose by $31.822 from 10 dividend raises in July 2026. These factors boosted my net annual forward dividends from around $7,770 to begin the month to about $8,010 heading into August 2026.

Discussion:

How was your capital deployment in July 2026?

Did you close any positions (as I did with APD, KO, REXR, and TROW) or open any new positions (as I did with ACN and DPZ) in the month?

Thanks for reading and please feel free to comment below!

July 2026 Dividend Income

As I'm writing this blog post, it's currently Monday, July 27th. The temperature here in Central Wisconsin reached 98 degrees Fahrenheit, with the heat index easily topping 100 degrees earlier today! As a result, I didn't really spend much time at all outside.

With that out of the way, I'll be going over my net dividend income for July 2026 now that the month is essentially over. Without further ado, let's jump into it!

Net Dividend Income Surpassed $350

In July 2026, I collected $359.31 in net dividends (including ADR fees for GSK). This was down 11.2% over the $404.84 in net dividends received in April 2026. Adjusting for the timing of dividend payments from Novo Nordisk and NVIDIA, my net dividends would have grown by 9.8%.

Against the $268.61 in net dividends collected in July 2025, that equates to a 33.8% year-over-year growth rate.

In my Charles Schwab account (and later taxable Robinhood account from a transfer), I received $262.16 in net dividends from 21 companies. As I alluded to earlier, the difference in company count and the decline in dividends versus April in this account was entirely attributed to the timing of dividend payments from NVO and NVDA.

I also collected $65.96 in net dividends from five companies in my Robinhood IRA portfolio.

Since opening Fidelity solo 401(k) in March and beginning funding in April 2026, I received my first dividends for the first month of a quarter in July 2026. These amounted to $23.60 from three companies (Automatic Data Processing, VICI Properties, and Intuit).

Lastly, I collected $7.59 in net dividends from two companies (Philip Morris International and Altria Group).

Concluding Thoughts:

When backing out the impact of timing of dividends from NVO and NVDA, my net dividend income was a new all-time high for the first month of a quarter. Through the first seven months of 2026, my net dividend income has jumped 27.6%. As I keep saving and investing as much as possible in the months to come, I believe that with God's providence, I can maintain a high-20% growth rate in dividend income in 2026.

Discussion:

How was your July 2026 for dividend income?

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

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

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 #7: 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.

UPDATE: As expected, ET declared a 0.7% bump in its quarterly distribution per unit to $0.34. Across my 207 units, this raised my net annual forward dividends by $2.07.

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.

UPDATE: UNP announced a 2.9% increase in its quarterly dividend per share to $1.42. Given the ongoing merger with Norfolk Southern, the conservatism makes sense. This increased my net annual forward dividends by $1.44 across my nine shares of UNP.

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.

UPDATE: WTRG declared a 5.3% increase in its quarterly dividend per share to $0.3606. Across my 21 shares of WTRG, that lifted my net annual forward dividends by $1.512.

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:

My net annual forward dividends rose by $31.822 across 10 dividend raises in July 2026. That would be like investing $1,060.73 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 was your July 2026 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!

August 2026 Stock Watch List

As I'm writing this blog post, it's currently Tuesday, July 14th. The temperature here in Central Wisconsin is set to reach a high of 94 degrees Fahrenheit later today, with a heat index above 100 degrees! In fact, there's a heat advisory in place until tonight. Needless to say, I'll be drinking even more water than usual and spending much less time outside.

Now that August is only a couple of weeks away, I will be highlighting some of the picks on my watch list for next month. Let's jump into it!

Stock #1: Accenture plc (ACN)

The first stock on my watch list for August 2026 is Accenture plc. For my investment thesis, curious readers can peruse my recent listicle with Treading Softly on The Dividend Kings.

Basically, ACN takes care of the most important business functions for over 9,000 clients in 120 countries. These include finance/accounting, human resources, supply chains, and marketing/sales. Despite meaningful geopolitical disruptions, the mid single-digit percentage topline growth (+5.6% to $18.72 billion) in Q3 2026. ACN's adjusted EPS jumped 8.9% to $3.80 during the quarter.

The company's recent launch of Accenture Edge to target the $240 billion addressable market of middle-market companies ($300 million to $3 billion in annual revenue) is a significant growth opportunity. By offering ready-to-deploy solutions that package their large-enterprise expertise for smaller clients, this is poised to drive topline growth for years to come. 

Along with a $9 billion acquisition budget for FY 2026, ACN is insulating its business against AI automation of traditional consulting services. Aside from being supported by its free cash flows, the company also leverages an AA- S&P credit rating that provides a low cost of capital for acquisitions.

This is why I'm confident that the company can put up 6% to 7% annual adjusted EPS growth over the next several years.

ACN's 4.8% dividend yield is also well-covered. That's supported by an adjusted EPS payout ratio poised to be in the upper-40% range for FY 2026. This should allow for 8% to 10% annual dividend growth over the next few years, which is very compelling when mixed with ACN's generous starting income.

GNG Research

At the current $135 share price, shares are trading at a forward 12-month P/E ratio of just 9.3. This is a fraction of the FAST Graphs 10-year average P/E ratio of 25.7 and my fair value multiple of 20 (a $291 fair value per share estimate). That implies shares are priced at a 54% discount to my fair value estimate. When using the $347 fair value per share estimate of my friends over at GNG Research, the discount to fair value is an even more striking 61%.

Stock #2: Amazon.com, Inc. (AMZN)

The next stock on my watch list for next month is Amazon.com, Inc. Interested readers can find my investment thesis in a May Seeking Alpha article.

The gist is that AMZN sits at the intersection of numerous growth tailwinds, including a thriving e-commerce/Ads/subscription business, quickly growing AWS sales, and a soaring customer silicon business. 

Further e-commerce retail growth is going to be made possible by a combination of price competitiveness (the average prices of products offered on Amazon in Q1 2026 decreased versus Q1 2025), expansion of its massive selection (it added 600-plus new notable brands in Q1 2026), and leaning even more into convenience (perishable sales were up 40x year-over-year and Rufus agentic AI shopping assistant active users were up 115% while engagement was up nearly 400%).

AWS's backlog almost doubled over the year-ago period (+92.6%) to $364 billion (excluding a $100 billion deal with Anthropic in April) in Q1 2026. Sequentially, this was up 49.2% from Q4 2025.

And even though AMZN's chips business is mostly for AWS, the roughly $50 billion annual run rate would be the third biggest on the planet if it were its own business, trailing only NVIDIA and Broadcom. Of the portion sold to other customers, the annual run rate surpassed $20 billion in Q1 2026 (a triple-digit percentage year-over-year growth rate).

AMZN's balance sheet is also spectacular, with an AA S&P credit rating and a stable outlook. For these reasons, operating cash flow per share is forecasted to grow by 25%+ annually over the medium term.

At the current $247 share price, the stock is also trading at a forward 12-month P/OCF ratio of just 12.9. This is far below the FAST Graphs 10-year average P/OCF ratio of 23.5 and 36% under my $384 fair value per share estimate (a fair value P/OCF ratio of 20).

Stock #3: BlackRock, Inc. (BLK)

The third stock on my watch list for August 2026 is BlackRock, Inc. Readers can find my investment thesis in my April Seeking Alpha article.

Basically, BLK is fundamentally thriving. Robust market performance in its higher-fee public markets book and client demand for international iShares ETF exposure are driving fee expansion. Organic base fees grew 8% in Q1 2026, which was the highest first quarter growth in the past five years and seventh straight quarter over the 5% target.

As corporate profits continue to expand over time, this will also drive further assets under management/revenue/adjusted diluted EPS growth for BLK. The potential for alt-inclusive 401(k) options to begin launching in 2027 could represent a catalyst for the company in terms of significantly higher fees over time (even with relatively modest allocation to private alternatives in target-date funds).

That's why solidly double-digit percentage annual adjusted diluted EPS growth over the next few years is arguably the base case for BLK. The balance sheet is also a fortress, with an AA- S&P credit rating and a stable outlook. Combined with an adjusted diluted EPS payout ratio poised to be in the low-40% range in 2026, this makes the 2.2% dividend yield reasonably secure.

GNG Research

The stock is also a decent value. At the current $1,025 share price, BLK is priced at a forward 12-month P/E ratio of 17.5. That's less than the 10-year average P/E ratio of 20.7 and is 12% below my $1,169 fair value per share estimate (a fair value multiple of 20). Relative to the GNG Research fair value per share estimate of $1,253, the discount is even more pronounced at 18%.

Stock #4: Domino's Pizza, Inc. (DPZ)

The next stock on my watch list for next month is Domino's Pizza, Inc.

Having just added this position to my portfolio earlier this month, this one is a newcomer for me. I have observed DPZ for years and covered it several times in my time at The Motley Fool. A major positive to me is that 99% of the 22,000-plus Domino's stores are owned by independent franchisees. Since franchisees fund the capex for new store openings and day-to-day operations, the parent company maintains a very efficient, capital-light profile. 

This allows for corporate cash flow to be recycled into share buybacks, dividends, and into R&D for their digital-ordering ecosystem. That is what enabled DPZ to be one of the best long-term performers in the stock market up until the stock price's peak just a few years ago. As the franchise network grows, the supply chain volume of the dough and ingredients distribution business also grows, creating operating leverage.

While DPZ's growth has slowed down from the sky-high pandemic pace, it remains respectable. The FAST Graphs analyst consensus is for diluted EPS to compound at around 9% annually over the next few years. 

The interest coverage ratio leaves a bit to be desired at 5.3x in Q1 2026, but it was an improvement over 5x in Q1 2025. It's also worth noting that the capital-light business model affords it more flexibility than most companies in this regard.

DPZ's 2.6% dividend yield is arguably sustainable, too. The diluted EPS payout ratio is likely to register in the low-40% range in 2026. That should leave plenty of room for 10%+ annual dividend growth for the foreseeable future.

DPZ's valuation is also quite appealing. At the current $310 share price, the stock is trading at a forward 12-month P/E ratio of only 15.5. This is much lower than the FAST Graphs 10-year average P/E ratio of 30.3 and is 23% below my $401 fair value per share estimate (a fair value P/E ratio of 20).

Stock #5: NVIDIA Corporation (NVDA)

The fifth stock on my watch list for August 2026 is NVIDIA Corporation. This one has been no stranger to my watch list in 2026. As such, I would refer interested readers to my July 2026 Dividend Stock Watch List blog post for the sake of brevity.

GNG Research

Concluding Thoughts:

There you have it. Applying my currently planned allocations, my weighted average net dividend yield will be just above 2.1% (I'll add a small stake in an existing high-quality income stock to bump this up to 2.3% or 2.4%). Once again, I believe this basket of stocks provides a solid mix of market-beating income, exceptional value, and double-digit percentage blended earnings/OCF growth potential.

Discussion:

Are any of ACN, AMZN, BLK, DPZ, or NVDA on your watch list for August 2026?

If not, what stocks are you watching in the coming weeks?

Thanks for reading and please feel free to comment below!