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Three household names give you very different reasons to collect their dividends. One is a consumer staples giant closing in on a major acquisition, one is a medical device maker that just finished a spin-off, and one is a snack and soda leader trying to win back investors while it keeps a 54-year raise streak alive. All three pay you more than 2.5%.
Central Bank Move (Sponsored)
"Geopolitical tensions continue to drive strong central bank demand for gold," says ECB President Christine Lagarde.
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At the end of 2025 it made up 27% of global reserves, up from 20% a year earlier, while Treasuries fell to 22%.
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Finance
Microsoft Turns to $25 Billion in Borrowing as AI Spending Grows

Microsoft Corporation (NASDAQ: MSFT) has agreed to terms for a $25 billion bond sale, securing access to a large pool of borrowed money while taking on interest payments and repayment dates stretching as far as 2066.
The offering marks its first U.S. investment-grade bond sale in more than 9 years, arriving as technology companies commit large sums to data centers, computing equipment and the electricity needed to run AI services.
Borrowing Provides Money Before Projects Start Paying Back
Microsoft says the proceeds could fund construction and equipment, acquisitions, share repurchases, everyday business needs and existing debt repayments, so the announcement leaves room for several uses beyond AI expansion.
When you borrow for a project that takes years to build, interest can become payable before the project earns its first dollar, which helps explain why customer revenue timing matters alongside the size of Microsoft's spending plans.
Some Repayments Extend Across Several Decades
The offering is expected to close November 4, with repayment dates running from 2028 to 2066, giving Microsoft a mix of shorter and longer borrowing periods instead of one large payment falling due at once.
The longer schedule gives new facilities time to attract customers and recoup costs, but your expectations for that expansion should include the years of interest payments attached to the funding, especially if demand grows more slowly than the company anticipates.
MSFT currently trades at $522 and pays a dividend of $3.92 per share, a yield of 0.75%.
Acquisitions
ADT Agrees to $15.3 Billion Takeover by Thrive Holdings

ADT Inc. (NYSE: ADT) has agreed to be acquired by Thrive Holdings in a transaction valued at approximately $15.3 billion, including debt, taking the home-security company private once the required approvals and other closing conditions are met.
Thrive Wants to Build on an Established Service Business
Thrive plans to combine its engineering teams and long-term funding with ADT's nationwide service network, supporting spending on products, employees and technology across a business with more than 150 years of security experience.
Buying an established brand still leaves you with the work of keeping customers satisfied after the sale, so dependable monitoring, capable technicians and useful products remain central to whether Thrive can turn its plans into lasting business gains.
Other Buyers Still Have an Opportunity to Bid
ADT can seek competing proposals through November 28, with a possible extension for certain bidders, while financing commitments from Apollo-managed funds mean the agreed transaction is not dependent on arranging additional funding.
A signed agreement provides firmer terms than an opening takeover proposal, but the search for competing bids, the shareholder vote, and U.S. antitrust approval leave several steps before ADT's shares stop trading on the New York Stock Exchange.
ADT currently trades at $9 and pays a dividend of $0.22 per share, a yield of 2.23%.
Elon Off Earth (Sponsored)
While everyone is talking about the moon and Mars….
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Pharmaceuticals
Merck's $70 Billion Sales Ambition Raises the Stakes for New Medicines

Merck & Co., Inc. (NYSE: MRK) plans to raise its long-term sales forecast for new medicines above $70 billion, citing progress in drug studies and recently acquired treatments as reasons to expect stronger growth from its newer products.
The plan comes as Keytruda, its major cancer medicine, approaches the expiration of its main patent protection in 2028, pressuring Merck to develop other sources of sales before competing versions can challenge that business.
Keytruda’s Success Creates a Large Business to Replace
Patent protection helps a drugmaker keep competing versions of its medicine off the market, giving successful treatments time to recoup research costs and fund the next round of development.
Once that protection ends, the sales you would expect Merck to retain will depend on when competing versions arrive, how much they cost, and how widely doctors use them, making the timing of its newer medicines important.
The Sales Target Comes With Work Still Ahead
The proposed increase signals greater confidence in the opportunity, although a long-term forecast remains dependent on medicines reaching the market and winning enough business to meet the company’s expectations.
Insurance coverage and pricing also belong in your picture of that opportunity, because approval alone does not guarantee broad use, and Merck needs its newer treatments to bring in enough money after development, production, and selling costs to support lasting growth.
MRK currently trades at $148 and pays a dividend of $3.40 per share, a yield of 2.29%.
Dividend Stocks Worth Watching
Kimberly-Clark Corporation (NASDAQ: KMB)
Kimberly-Clark expects to close its acquisition of Kenvue, the maker of Tylenol, Listerine, and Band-Aid, in the fourth quarter, and in late October it completed a $4.9 billion bond sale to fund the cash part of the deal. The combined company would pair Huggies and Kleenex with Kenvue's consumer health lineup, giving you a much broader set of everyday brands.
Kimberly-Clark has raised its dividend for 54 consecutive years, and the $1.28 quarterly payout gives you a yield of about 4.7%. The stock is about 11% below its 52-week high, so watch how much debt the deal adds and whether management keeps your raise streak going while it integrates a business this large.
Medtronic plc (NYSE: MDT)
Medtronic completed the separation of its diabetes business, MiniMed, on October 15 through an exchange offer that was more than five times oversubscribed. In the swap, Medtronic took back about 55 million of its own shares, so you now own a slightly larger piece of a more focused medical device company.
Medtronic has raised its dividend for 49 consecutive years, and its $0.72 quarterly payout gives you a yield of about 3%. The next annual increase, usually announced in late spring, would mark its 50th straight year, and the shares are about 9% below their 52-week high if you want to start a position before then.
PepsiCo, Inc. (NASDAQ: PEP)
PepsiCo is about a year into its push to hit growth and margin targets set after Elliott Investment Management built a stake of roughly $4 billion, and it lowered its full-year profit forecast in October because of weakness in North America. On the plus side for you, Taco Bell renewed its beverage partnership with PepsiCo through 2036 after KFC moved to Coca-Cola.
PepsiCo raised its dividend for the 54th consecutive year in 2026, and the $1.48 quarterly payout gives you a yield of about 4.4%. The shares are about 22% below their 52-week high, so you are being paid well to wait while management works through pressure from weight-loss drugs on snacks and soda.
Dividend Increases
Cheniere Energy (LNG) raised its quarterly dividend 12.6% to $0.625 per share from $0.555, a yield of about 0.8%.
PBF Energy (PBF) raised its quarterly dividend 18% to $0.325 per share from $0.275, a yield of about 1.7%.
NewMarket (NEU) raised its quarterly dividend 8.3% to $3.25 per share from $3.00, a yield of about 1.6%.
Hubbell (HUBB) raised its quarterly dividend 7% to $1.52 per share from $1.42, a yield of about 1.4%.
Dividend Decreases
Blackstone (BX) lowered its quarterly dividend 13% to $1.12 per share from $1.29, and the lower payment goes ex-dividend Monday, November 2, a yield of about 3.7% at the new rate.
TPG (TPG) lowered its quarterly dividend 6.8% to $0.55 per share from $0.59, a yield of about 4.6% at the new rate.
Diageo (DEO) cut its final dividend 52% to 30 cents per share from 62.98 cents, with shareholders voting on it Thursday, November 5, a yield of about 2.2% at the new rate.
Twelve Month Warning (Sponsored)
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Upcoming Dividend Payers
ONEOK (OKE) goes ex-dividend Monday, November 2, paying $1.07 per share on November 16.
Las Vegas Sands (LVS) goes ex-dividend Monday, November 2, paying $0.30 per share on November 10.
Synchrony Financial (SYF) goes ex-dividend Thursday, November 5, paying $0.34 per share on November 16.
Carnival (CCL) goes ex-dividend Friday, November 6, paying $0.15 per share on November 27.
Wells Fargo (WFC) goes ex-dividend Friday, November 6, paying $0.50 per share on December 1.
Everything Else
🏰 Long-term investors are eyeing seven blue-chip stocks with fortress balance sheets and elite dividend records, built to hold through bull and bear markets alike.
☕ Starbucks announced a $1 billion share buyback as its turnaround strategy gained traction, alongside plans to improve margins and streamline operations.
🛢️ EQT agreed to acquire Range Resources for $13 billion in stock, creating America's largest natural gas producer amid rising demand from AI data centers.
🏦 Banco Santander confirmed its November dividend payment of €0.127 per share, alongside an ongoing buyback program supporting its shareholder-return strategy.
💊 Sanofi signaled plans for larger acquisitions as its new CEO explores deals beyond the company's traditional € 2 billion–5 billion range to replenish its drug pipeline.
📱 Samsung Electronics faced pressure for targeted buybacks as activist Palliser urged the company to repurchase discounted preferred shares to unlock shareholder value.
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



