Three income names have real dates on the calendar over the next few weeks.

One is a global bank that just sent $4.1 billion back to shareholders in a single quarter, and one is a payroll processor yielding more than 4% that goes ex-dividend next week.

The third is a pipeline partnership paying better than 6% ahead of its November report.

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Insurance

Prudential Is Selling $4 Billion of Businesses to Build a More Focused Company

Prudential Financial, Inc. (NYSE: PRU) has agreed to sell its insurance businesses in Brazil and Mexico to CNP Assurances for about $4.03 billion in cash. The transaction continues a broader exit from emerging markets after Prudential also exited businesses in Indonesia, South Africa, and Kenya.

Management plans to redirect capital toward retirement, asset management, and selected insurance businesses in the U.S., Japan, and parts of Europe rather than maintaining such a wide geographic footprint.

Prudential Is Choosing Focus Over Geography

Brazil and Mexico give Prudential exposure to large growing markets, but the company has decided that operating across more countries does not automatically create the best returns.

If you bought Prudential for broad emerging-market exposure, this sale moves the company in the opposite direction. Management is deliberately concentrating the business around fewer markets where it believes its scale and products matter more.

A Smaller Map Can Still Support Growth

The Brazil and Mexico transaction is expected to close in the second half of 2027, giving Prudential time to continue reshaping the portfolio while directing capital toward the businesses it wants to keep.

Once the deal closes, you own a Prudential with a smaller geographic footprint, with more of its resources concentrated in the markets and businesses management considers most attractive.

PRU currently trades at $115 and pays a dividend of $5.60 per share, a yield of 4.85%.

Grocery

Kroger Is Going Back to the Grocery Business to Get Growth Moving Again

The Kroger Co. (NYSE: KR) is refocusing on its core grocery operations as competition intensifies from Walmart, Aldi, and other retailers.

The company is putting more emphasis on fresh food, prepared meals, private-label products, memberships, e-commerce, and retail advertising. 

The strategy is designed to strengthen Kroger's core grocery business while building additional businesses around the customers and data already flowing through its stores.

The Grocery Basket Still Comes First

Fresh food, prepared meals, and Kroger's own brands can give shoppers more reasons to consolidate purchases in one place rather than splitting spending across several retailers.

A stronger private-label offering gives you a reason to keep more of the weekly grocery budget inside Kroger without the company relying entirely on national brands or constant promotions.

More Businesses Can Sit Around the Same Customer

Kroger has been expanding areas such as memberships, delivery, and retail advertising, all of which become more valuable when the core grocery relationship is healthy.

Kroger already has a huge physical footprint, so the next phase does not depend on opening thousands of new locations. The bigger opportunity is getting more value from the stores, customers, and digital relationships it already has.

The strategy works best if you choose Kroger more often without the company having to win every visit through deeper discounts. More frequent trips can strengthen groceries, memberships, delivery, and advertising at the same time.

KR currently trades at $62 and pays a dividend of $1.56 per share, a yield of 2.46%.

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Energy Services

Halliburton Sees Years of New Work Behind the Middle East Energy Rebuild

Halliburton Company (NYSE: HAL) expects rebuilding energy production and inventories across the Middle East to create years of additional demand for its oilfield services and equipment. 

The company already generates roughly a quarter of its revenue from the region, giving it an established position as producers repair infrastructure and restore output.

The opportunity gives Halliburton another growth engine at a time when activity in the U.S. shale market remains more restrained.

Rebuilding Creates Work Beyond New Drilling

Restoring production involves far more than repairing damaged facilities. Producers also need well services, drilling support, equipment, maintenance, and technical work as fields return to normal operation.

A multi-year rebuilding cycle gives you a reason to treat Middle East demand as something broader than temporary repair work. Halliburton can remain involved as customers move from restoring output to expanding it again.

Existing Relationships Give Halliburton an Advantage

Halliburton has operated across the Middle East for decades, with local teams, equipment, and long-standing relationships with major producers already in place.

Those relationships matter when the question is whether higher regional spending will actually turn into business for Halliburton. 

The company does not need to enter the market or build a customer base before the rebuilding begins. If domestic shale remains subdued while overseas work expands, you still have a credible growth path that does not depend on another U.S. drilling boom.

HAL currently trades at $33 and pays a dividend of $0.68 per share, a yield of 2.04%.

Dividend Stocks Worth Watching

Citigroup (NYSE: C)

Citigroup declared its $0.67 quarterly dividend on Monday, payable November 25 to holders of record on November 2. That is the rate it set with a roughly 12% raise this summer, and the third quarter showed why the board felt comfortable.

Net income jumped to $5.2 billion, or $2.85 a share, on revenue of $23.8 billion, up 8% from a year earlier.

Citi sent $4.1 billion back to you through buybacks and dividends in the quarter while holding a 12.8% CET1 capital ratio, a key measure of a bank's capital cushion.

The stock sits about 18% below its 52-week high, yields about 2.2%, and trades at roughly 1.2 times its tangible book value of $101.59 a share.

Paychex (NASDAQ: PAYX)

Paychex goes ex-dividend Monday, October 26, so you need to own it by Friday's close to collect the $1.19 quarterly payment on November 25. That works out to a yield of about 4.3% from a payroll and HR company, and it comes after a 10% raise this spring.

The fiscal first quarter, reported in September, backs up the payout.

Revenue rose 6% to $1.6 billion, professional employer organization (PEO) and insurance revenue grew 12%, and adjusted EPS climbed 10% to $1.34.

Higher rates help too, with interest on client funds up 5% to $49.8 million. The stock sits about 14% below its 52-week high.

Plains All American (NASDAQ: PAA)

Plains pays $0.4175 per unit each quarter, or $1.67 a year, for a yield of about 6.6%. Units held at the close on October 30 collect the next payment on November 13.

Third-quarter results arrive Friday, November 6, before the open, and it is the first full report since Plains closed the sale of its natural gas liquids (NGL) business.

Your focus is what management does with the proceeds: debt paydown, buybacks, or future distribution growth. Plains is a partnership, so expect a K-1 at tax time.

Dividend Increases

West Pharmaceutical Services (WST) raised its quarterly dividend 18% to $0.26 per share from $0.22, a yield of about 0.3%.

Ally Financial (ALLY) raised its quarterly dividend 17% to $0.35 per share from $0.30, a yield of about 3.7%.

Citizens Financial Group (CFG) raised its quarterly dividend 13% to $0.52 per share from $0.46, a yield of about 3.3%.

Phillips 66 (PSX) raised its quarterly dividend 5% to $1.33 per share from $1.27, a yield of about 1.8%.

Dividend Decreases

Diageo (DEO) cut its final dividend 52% to $1.20 per ADS from $2.52, a yield of about 2.1% at the new rate.

Conagra Brands (CAG) cut its quarterly dividend 50% to $0.175 per share from $0.35, a yield of about 5.0% at the new rate.

Campbell's (CPB) cut its quarterly dividend 36% to $0.25 per share from $0.39, a yield of about 5.2% at the new rate.

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Upcoming Dividend Payers

Coca-Cola Consolidated (COKE) goes ex-dividend Friday, October 23, paying $0.25 per share on November 6.

GE HealthCare (GEHC) goes ex-dividend Friday, October 23, paying $0.04 per share on November 13.

Entegris (ENTG) goes ex-dividend Wednesday, October 28, paying $0.10 per share on November 18.

Casey's General Stores (CASY) goes ex-dividend Friday, October 30, paying $0.65 per share on November 13.

Texas Instruments (TXN) goes ex-dividend Friday, October 30, paying $1.52 per share on November 10.

Everything Else

That’s all for today’s edition of the Dividend Brief.

Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!

—Noah Zelvis
DividendBrief.com