August 2026 Dividend Income

As I'm writing this blog post, it's currently Monday, August 31st, 2026. The temperature here in Central Wisconsin is expected to top out at a high of 90 degrees Fahrenheit (and a heat index of 99) later today. That's why I was glad to get outside for a bit earlier this morning when it was much cooler.

With that aside, I will be outlining my net dividend income for August 2026. Without further ado, let's dig into it!

Net Dividends Topped $800

In August 2026, I received $830.52 in net dividends (including withholding taxes for Novo Nordisk, as well as ADR fees for British American Tobacco and NVO). Compared to the $737.61 in net dividends collected in May 2026, this represents a 12.6% quarterly growth rate. Backing out dividends from NVO that were last paid in April 2026, that equates to a quarterly growth rate of 7.7%.

My net dividends received in August 2025 were $622.85. This is equivalent to a 33.3% year-over-year growth rate.

In my taxable Robinhood account, I collected $754.37 in net dividends from 19 companies. The timing of the dividend payment from NVO is what led to my company count being one higher than in May 2026. It's also worth noting that the loss of dividend income from Alliant Energy stemming from my May 2026 sale was offset by the added income from Accenture plc, which I started buying in July 2026.

I received $37.68 in net dividends from four companies in my Robinhood IRA portfolio. This company count was unchanged and the slight increase in net dividends versus May 2026 was due entirely to dividend raises from NNN REIT and Realty Income.

In my Fidelity solo 401(k) account opened in March, I collected $21.21 in net dividends from my June 2026 purchase of Mastercard and my May 2026 purchase of NNN REIT.

Finally, I received $17.26 in net dividends from three companies (Enterprise Products Partners, British American Tobacco, and Energy Transfer) in my Webull portfolio.

Concluding Thoughts:

August 2026 was the first month in which my net dividends surpassed $800. Through the first eight months of 2026, my net annual forward dividends have grown by 28.5% over 2025. As I keep aggressively saving and investing, I believe that by God's grace, I will sustain a high-20% growth rate in net dividends for 2026.

Discussion:

How was your dividend income in August 2026?

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

Thanks for reading and please feel free to comment below!

August 2026 Stock Purchases/Sales

As I'm writing this blog post, it's currently Monday August 24th, 2026. The temperature here in Central Wisconsin is set to reach a high of 76 degrees Fahrenheit later today. Paired with a sunny forecast, this is the perfect day for me to get outside for a while.

With that out of the way, I will be getting into my stock purchases and sales for August 2026. Let's dig into it!

Stock Purchase #1: Accenture plc (ACN)

I added another eight shares of Accenture plc at an average price per share of $172.86. Interested readers can find my investment thesis for ACN in my August 2026 Stock Watch List blog post. This lifted my net annual forward dividends by $52.16, which is equivalent to a 3.77% net dividend yield.

Stock Purchase #2: Amazon.com (AMZN)

My next purchase was three more shares of Amazon.com at an average cost of $260.00 a share. Curious readers can peruse my investment thesis for AMZN in my August 2026 Stock Watch List blog post linked earlier.

Stock Purchase #3: Domino's Pizza (DPZ)

I also scooped up another three shares of Domino's Pizza at an average price of share of $339.75. Once again, readers can check out my investment thesis for DPZ in my August 2026 Stock Watch List blog post linked above. That raised my net annual forward dividends by $23.88, which equates to a 2.34% net dividend yield.

Stock Purchase #4: Hamilton Lane (HLNE)

After opening a 30 share starter position in HLNE earlier in the month (more on that in a moment), I added an additional 10 shares at an average cost of $99.00 per share. This increased my net annual forward dividends by $24.00, which works out to be a 2.42% net dividend yield.

Stock Purchase #5: NVIDIA (NVDA)

I also added five more shares of NVDA at an average price per share of $220.00. Curious readers can find my investment thesis in my August 2026 Stock Watch List blog post linked above. That added $5.00 to my net annual forward dividends, which is equivalent to a 0.45% net dividend yield.

Stock Sales: FedEx (FDX) and TJX Companies (TJX)

Due to valuation and the resulting impact on overall forward-looking total return potential, I opted to close my positions in FedEx and TJX Companies at triple-digit percentage long-term capital gains. I sold four shares of the former for $325.74 each and 11 shares of the latter at $158.54 apiece.

Together, these moves lowered my net annual forward dividends by $40.64.

Stock Purchase: Hamilton Lane (HLNE)

I redeployed all but $42.56 of the net proceeds into a 30 share starter position in Hamilton Lane at an average cost of $100.14 a share. Curious readers can find my investment thesis in my September 2026 Stock Watch List blog post. This move added $72.00 to my net annual forward dividends.

Concluding Thoughts:

In August 2026, I deployed $5,229.57 in net capital. My stock purchases and stock sales added $136.40 to my net annual forward dividends. That equates to a 2.61% net dividend yield.

If my two pending dividend raises play out as anticipated, my net annual forward dividends will have increased by $18.60 in August 2026. Along with upward revisions in ADR dividends from strength in the GBP and CAD, this would boost my net annual forward dividends from roughly $8,010 at the start of August 2026 to roughly $8,175 going into September 2026.

Discussion:

How was your capital deployment for the month?

Did you close any positions (as I did with FDX and TJX) or open any new positions (as I did with HLNE) in August 2026?

I appreciate your readership and welcome your comments below!

Expected Dividend Increases for September 2026

As I'm writing this blog post, it's currently Monday August 17th, 2026. The temperature here in Central Wisconsin is set to reach a high of 82 degrees Fahrenheit later today. Along with a sunny forecast, that makes it a perfect day to spend some time outdoors!

With that said, I will be looking at my dividend announcement activity in August 2026. I'll also be looking ahead to the payout hikes that I'm expecting for September 2026. Let's get into it!

Actual Dividend Increase for August 2026

Dividend Increase: Carlisle Companies (CSL)

Carlisle Companies announced a 13.6% boost in its quarterly dividend per share to $1.25. Talk about an emphatic way to become a Dividend King! In this series' prior blog post, I was only expecting a 9.1% raise to $1.20.

Across my 11 shares of CSL, my net annual forward dividends surged $6.60 due to this dividend announcement.

Pending Dividend Increase #1: Intuit (INTU)

Intuit has yet to declare its next quarterly dividend per share. But I'm standing by my expectation of a 15% hike in the quarterly dividend per share to $1.38.

My net annual forward dividends would jump $7.20 higher from such a dividend declaration across my 10 shares of INTU.

UPDATE: As anticipated, INTU declared a 15% boost in its quarterly dividend per share to $1.38. This raised my net annual forward dividends by $7.20 across my 10 shares of INTU.

Pending Dividend Increase #2: Altria Group (MO)

Altria Group hasn't announced its next quarterly dividend per share yet. Still, I anticipate a 4.7% increase in its quarterly dividend per share to $1.11.

Across my 24 shares of MO, my net annual forward dividends would rise by $4.80 due to such a dividend announcement.

UPDATE: As I expected, MO announced a 4.7% increase in its quarterly dividend per share to $1.11. Across my 24 shares of MO, my net annual forward dividends grew by $4.80.

Expected Dividend Increases for September 2026

Expected Dividend Increase #1: Accenture plc (ACN)

The first dividend raise that I'm anticipating for September 2026 will come from Accenture plc. My best guess is that ACN will declare a 9.8% hike in its quarterly dividend per share to $1.79.

My net annual forward dividends would rise by $12.80 across my 20 shares of ACN from such a dividend declaration.

Expected Dividend Increase #2: Microsoft (MSFT)

The next dividend boost that I'm predicting for next month will be from Microsoft. I believe that MSFT will announce a 9.9% raise in its quarterly dividend per share to $1.00.

Across my 26 shares of MSFT, my net annual forward dividends would rise by $9.36 due to such a dividend announcement.

Expected Dividend Increase #3: Realty Income (O)

The third dividend bump that I'm expecting for September 2026 will come from Realty Income. My guess is that O will declare a 1.5% increase in its monthly dividend per share to $0.2750 (the REIT tends to announce four smaller increases each year and one larger increase).

My net annual forward dividends would grow by $7.248 across my 151 shares of O from such a dividend declaration.

Expected Dividend Increase #4: Philip Morris International (PM)

The next dividend hike that I'm anticipating for next month will be from Philip Morris International. My best guess is that PM will announce an 8.2% raise in its quarterly dividend per share to $1.59.

Across my 18 shares of PM, my net annual forward dividends would climb $8.64 higher due to such a dividend announcement.

Expected Dividend Increase #5: VICI Properties (VICI)

The fifth dividend raise that I'm predicting for September 2026 will come from VICI Properties. I believe that VICI will declare a 3.9% increase in its quarterly dividend per share to $0.4675.

My net annual forward dividends would surge $12.60 higher across my 180 shares of VICI from such a dividend declaration.

Concluding Thoughts:

My net annual forward dividends rose by $18.60 in August 2026. This would be equivalent to investing $620.00 at a 3% net dividend yield.

If my five dividend boosts in September 2026 play out as anticipated, my net annual forward dividends would rocket higher by $50.648. That would be like investing $1,688.27 at a 3% net dividend yield.

Discussion:

How was your August 2026 for dividend boosts? Did you receive any first-time raises in your portfolio like I did with CSL and INTU?

Are you expecting any first-time dividend raises like I am with ACN?

Thanks for reading and please feel free to comment below!

September 2026 Stock Watch List

As I'm writing this blog post, it's currently Tuesday, August 11th. The temperature here in Central Wisconsin reached a high of 85 degrees Fahrenheit today, with a heat index of 89 degrees. So, I limited my time spent outside.

With August almost half in the books, I will be turning my attention to several of the picks at the top of my watch list for September 2026. Without further ado, let's dive into it!

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

The first stock on my watch list for September 2026 is Amazon.com. I'm running it back from my August 2026 Stock Watch List blog post.

The Q2 earnings report released on Jul. 30 reinforced my investment thesis. The key highlights included the strongest quarter of growth for AWS since Q4 2021 (when AWS grew by roughly 40% to a $71 billion run rate business). In Q2 2026, the segment's growth accelerated from 28% in Q1 2026 to 37% in Q2 2026 (bringing the annual run rate to $169 billion heading into Q3 2026). 

For more context, AWS barely grew 17% on a much smaller base in Q2 2025. This is the latest and most concrete proof that the outsized capex in recent years is paying off in spades.

Then, there's the fact that the AI and chips businesses each topped $25 billion (with triple digit percentage YOY growth rates). Only NVIDIA and Broadcom have bigger businesses.

North America and International sales growth was exceptionally strong as well, with both growing at mid-teens percentage clips in Q2 2026. Overall, the company's OCF per share growth is poised to exceed 25% annually over the next several years.

AMZN is a financial fortress, with an AA S&P credit rating and a stable outlook.

GNG Research

From the current $272 share price, the stock is priced at a forward 12-month P/OCF ratio of 13.5. This is well below the 10-year average P/OCF ratio of 23.5 and 29% below my $382 fair value per share estimate (a fair value P/OCF ratio of 19). That also represents a 20% discount to the $342 fair value per share estimate (a fair value P/OCF ratio of roughly 17) of my friends at GNG Research.

Stock #2: Hamilton Lane Incorporated (HLNE)

The next stock on my watch list for the month ahead is Hamilton Lane Incorporated. After recently having sold a couple of lower conviction holdings to open a 1%+ starter position, this is a newcomer to my watch list.

As of Jun. 30, 2026, the global private markets investments solutions provider serving mostly institutional investors had $1.06 trillion in assets under management/advisement. Of that amount, $914.1 billion was AUA. The remaining $146.3 billion was AUM.

As private wealth professionals boost their market market investments in 2026 and beyond, this is an undeniable tailwind for HLNE. That's why the FAST Graphs analyst consensus is for its non-GAAP EPS to compound by 10.4% annually through FY 2029, off a FY 2026 base of $5.90.

The company's interest coverage ratio to kick off FY 2027 wasn't far off of 500, which is a testament to its financial strength. HLNE's non-GAAP EPS payout ratio is also likely to be in the mid-30% range for FY 2027, which should provide it plenty of room to hand out 10%+ annual dividend hikes over the next few years (very attractive when paired with a 2.3% starting yield).

GNG Research

At the current $106 share price (in after hours trading), HLNE is trading at a forward 12-month P/E ratio of 14.5. That's far less than the nine-year average P/E ratio of 24 and 34% under my $161 fair value per share estimate (a fair value P/E ratio of 22). This is also 26% below the GNG Research fair value estimate of $143 per share (a fair value P/E ratio just above 19).

Stock #3: Mastercard Incorporated (MA)

The third stock on my watch list for September 2026 is Mastercard Incorporated. This is returning to the watch list for the first time since June 2026.

The company has ample growth drivers for the future. The biggest one is that the world is transitioning from cash to alternative payments. Mastercard's mix of the network effect and competent execution should power more growth in the credentials on its network (over 3.7 billion as of Jun. 30, 2026), gross dollar volumes, and switched transactions over the long term.

The digitalization of payment methods is also a complementary growth catalyst for Mastercard. This is because it raises the demand for its value-added services, such as fraud, identity, and cyber. That's why mid-teens percentage annual adjusted diluted EPS growth is likely over the next several years for Mastercard.

The company's A+ S&P credit rating also provides it with the low cost of capital to execute the occasional bolt-on acquisition that's complementary to the business. The 0.6% dividend yield is modest, but the payout ratio is likely to be in the high-teens percentage range for 2026.

GNG Research

From the current $565 share price (in after hours trading), Mastercard is priced at a forward 12-month P/E ratio of 25.8. This is meaningfully below the 10-year average P/E ratio of 34.3 and 14% under my $656 fair value per share estimate. Shares are even more undervalued versus the GNG Research fair value per share estimate of $672, a 16% discount to fair value.

Honorable Mentions: PepsiCo, Inc. (PEP) And Verizon Communications Inc. (VZ)

On the income side of the equation, I'm planning on buying more PepsiCo, Inc. and Verizon Communications Inc. In the case of the former, I laid out my case in this Seeking Alpha article. In short, I also believed VZ to be a decent value, having redeployed proceeds from my T. Rowe Price Group sale in July 2026 to it.

Concluding Thoughts:

That's all for now. Five quality businesses that I would like to add to in September 2026. Overall, I'm leaning toward a slight preference toward the growth-oriented names in terms of allocation. The more income-oriented names in the portfolio and the HLNE hybrid should keep me around the mid- to high-2% yield that I target.

Discussion:

Are any of AMZN, HLNE, MA, PEP, or VZ on your watch list for next month?

If not, what stocks are you watching for September 2026?

I appreciate your readership and welcome your comments below!