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 thus far in August 2026. As my remaining two raises that I'm anticipating are declared, I will update this blog post. 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.

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.

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:

If my raises from INTU and MO pan out, my net annual forward dividends will have grown 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 is your August 2026 coming along for dividend boosts? Did you receive any first-time raises in your portfolio like I did with CSL?

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!

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!