Thursday Edition: Realty Income yields 4.96% — and today is the last day to lock in the August payment

I checked the ex-dividend calendar first thing this morning — today, July 30, is the last day to buy O and qualify for the August check.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Read online 💰 Dividend Dispatch Income is everywhere. I find it. Thursday, July 30, 2026·6 min read Today's Theme The number that tells you everything about a company's next raise I was going through bank earnings this morning — second cup of coffee, spreadsheet open — and PNC's numbers stopped me cold. They just raised their dividend 18%. One hike. Eighteen percent. And after that raise, they're still paying out less than 45% of their earnings. Then I pulled up Costco — 26% payout ratio. That's the lowest on any blue chip I follow. Today I've got two growers where the payout ratio is the whole story. Plus, Realty Income goes ex-dividend tomorrow after 673 straight months of payments. And I need to flag something about BCE.     This Startup is Growing 23X Faster than Nvidia See this official SEC document? On page 146 Elon Musk revealed the name of a startup that Jeff believes will be… The next monster IPO on Wall Street. (Click here to get the details.) Even though this has nothing to do with robots, self-driving cars, or rockets… This startup is growing faster than Tesla… faster than SpaceX… and even 23 times faster than Nvidia. That's why The Atlantic called it… "The fastest-growing business in the history of capitalism." (Click here to get the name, 100% free of charge.)     🚀 Dividend Growth Stars Fast-rising income builders PNCPNC just raised 18% — and the payout ratio barely moved PNC Financial just raised its quarterly dividend 18% — from $1.70 to $2.00 per share. The board approved it on July 6, right after the bank sailed through the Fed's 2026 stress test. Here's how this works. Every year, the Federal Reserve puts big banks through a stress test — basically a simulated severe recession to check whether they'd survive. Banks can only raise dividends or buy back stock after they pass. Think of it like a permission slip. PNC got its slip and immediately put it to use. What I love: the new $8.00 annual dividend still sits well under half of PNC's earnings. Analyst estimates for Q2 put earnings at $4.51 per share. Annualize that and you're looking at a bank earning roughly $18 per share while paying out $8. That's a payout ratio around 44%. There's room for more. Now I have to be straight with you — banks are cyclical. If the economy weakens and loan losses spike, earnings drop and so does the dividend math. PNC isn't a utility. But an 18% raise with a 44% payout ratio tells me management sees clear skies ahead. Yield: 3.2% $10K invested = $320/yr Paid: Quarterly     The Private Company That Big Tech Wants to Partner With The AI Company Tech Giants Tried to Acquire #1 work app on the Meta Quest Store. Samsung headset’s launch partner. 9500+ Investors already onboard 1.5M users have already adopted Immersed's Spatial Computing platform. The company is now building Visor for the computing shift expected to follow the smartphone, and you can invest before the rest of the market notices. Current price: $0.79/share. Invest Before The Round Closes on July 30.     COSTCostco's payout ratio is 26% — and that changes everything OK so here's the thing — Costco's yield is 0.61%. I know. Your $10,000 earns $61 a year. That's dinner for two, not retirement income. But I want to teach you something about payout ratios that changes how you look at a stock like this. The payout ratio is the percentage of earnings a company pays out as dividends. Think of it like a glass of water — a company earning $1 and paying $0.90 has a 90% payout ratio. The glass is almost full. There's nowhere to go. Costco's glass is only 26% full. They just raised the dividend 13% — from $1.30 to $1.47 per quarter — and didn't have to stretch at all. They could double the dividend tomorrow and still have room. And there's a bonus: special dividends. Costco has paid five since 2012, the most recent being $15 per share in January 2024. When you have a 26% payout ratio and growing earnings, the cash piles up and they hand it back. The risk: you're paying about 50 times earnings for a retailer. If growth slows, the stock price takes the hit even as dividends keep climbing. This is a growth-rate play, not a current-income play. Yield: 0.61% $10K invested = $61/yr Paid: Quarterly     Forget SpaceX, Elon's M.A.G.I. Could Be Bigger While everyone was distracted with the recent SpaceX IPO… Elon Musk quietly filed a patent with the U.S. Patent and Trademark Office to protect what Jeff Brown believes will be his next breakthrough… Something he called "the greatest tech invention in history." Click here to see the details because Elon is predicting this new AI breakthrough will unleash a $1 quadrillion new wealth wave.     🛡️ Safety & Watchlist Reliable picks + red flags Safe Pick ORealty Income goes ex-dividend tomorrow — 673 months and counting If you want Realty Income's August payment, today (July 30) is the last day to buy shares before the ex-dividend date. The monthly check is $0.271 per share. Realty Income is a REIT — a real estate investment trust — which means it owns properties (over 15,500 of them), collects rent, and sends most of it to shareholders. Their tenants include Dollar General, Walgreens, and 7-Eleven. The leases are triple-net, meaning tenants pay the property taxes, insurance, and maintenance. Realty Income just collects rent. That's the whole business. The track record is what earns the "safe" label. They've declared 673 consecutive monthly dividends. They've raised the payout 135 times since going public in 1994. That's 31 straight years of increases. Your $10,000 earns $496 a year — about $41 every month. Risk: Realty Income carries $29.4 billion in debt, and rising interest rates make that more expensive to service. But with 15,500+ properties across 1,500+ tenants, this is one of the most diversified monthly checks you can own. Yield: 4.96% $10K invested = $496/yr Paid: Monthly Red Flag BCEBCE has already cut once — and the numbers aren't improving BCE Inc. is Canada's largest telecom company. Two years ago, shareholders were collecting a dividend roughly twice what they get today. The quarterly payout has been slashed more than 50%. And the trajectory hasn't changed. Management guided 2026 adjusted earnings per share to decline another 5% to 11%. Q1 2026 adjusted EPS already fell to C$0.63 from C$0.69 a year earlier. Meanwhile, BCE is spending aggressively — C$1.7 billion on a Saskatchewan AI data center and C$5.0 billion on the Ziply Fiber acquisition — all funded with debt and cash on hand. The stock is down 39% over five years. At 5.7%, the yield looks attractive on paper. But remember — this yield is high because the stock price collapsed, not because the dividend grew. A company that already cut once, with earnings still declining, may not be done cutting. I'm flagging BCE because I know some of you own it. If you're holding for the yield, please check those earnings numbers before adding more shares. 📋 The Extra Yield This week's calendars, screens & answers Don't miss these ex-dates: Constellation Brands (STZ) goes ex-dividend today, July 30 — $1.03 per share, paid August 13. Realty Income (O) and Alliant Energy (LNT) both go ex tomorrow, July 31. LNT pays $0.535 on August 17. I ran a screen this morning: Stocks that raised dividends 10%+ in 2026 with payout ratios under 45%. PNC (18% raise, 44% payout), Costco (13%, 26%), Goldman Sachs (25% total raise in 2026, ~27% payout), Visa (14%, 21.5%). When the payout ratio is low, the raises become almost predictable. Someone asked me: "If a stock yields under 1%, is it even a dividend stock?" Yes — if the growth rate is 13%+ and the payout ratio is 26%, like Costco (COST). In five years at that growth rate, the dividend roughly doubles. Today's small yield is tomorrow's big yield-on-cost. The Dispatch Today was about two numbers: 18% and 26%. PNC just made one of the biggest bank dividend raises of the year, and Costco's payout ratio tells me those raises keep coming. Realty Income goes ex-dividend tomorrow — 673 consecutive months of payments, if you need something you can count on right now. And if you own BCE for the yield, please check those declining earnings before you add more. Tomorrow I'll tie the whole week together in the Friday roundup. See you then. — Charlie *Disclaimer: This is a paid advertisement for Immersed Regulation A+ offering. Please read the offering circular at https://invest.immersed.com/. Forward-looking statements appear here based on current information. They involve known and unknown risks, uncertainties, and other factors that may cause outcomes to differ. Investor references reflect factual individual or institutional participation and do not imply endorsement or sponsorship by the referenced companies. Nasdaq ticker “IMRS” has been reserved by Immersed and any potential listing is subject to future regulatory approval and market conditions. 💰 Dividend Dispatch The High Yield · Aristocrats · Growth Stars · The Weird Yield · Safety   Update your email preferences or unsubscribe here © 2026 Dividend Dispatch by Media Miami LLC 1712 Pioneer Avenue Suite 500 Cheyenne, WY 82001, United States Terms of Service