Earnings season for income names starts in earnest this week, and a handful of dividend payers you can buy before their numbers land deserve a close look.

One is a household-products giant with a 70-year raise streak, one is a utility trading near its 52-week low, and one sends you a check every month. Each one reports between October 22 and November 2.

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Aerospace & Defense

Lockheed Martin Is Giving the C-130J a Much Bigger Strategic Role

Lockheed Martin Corporation (NYSE: LMT) has delivered the first C-130J-30 Super Hercules that will be converted into the Navy’s future E-130J Phoenix II. The aircraft will eventually replace the aging E-6B Mercury fleet used for one of the Navy’s most critical airborne communications missions.

The delivery gives the C-130J another important role in the U.S. military while extending the usefulness of an aircraft platform Lockheed has produced and supported for decades.

A Proven Aircraft Keeps Finding New Work

The C-130 family has survived because the basic platform can be adapted for very different missions. Instead of designing an entirely new aircraft, the Navy is using the C-130J as the foundation for its next-generation strategic communications capability.

The C-130 may feel like a mature platform, but every new mission gives Lockheed another reason to keep production, upgrades, and support work flowing around the aircraft.

One Mission Can Support Years of Work

The Navy plans to build a full E-130J fleet as it replaces the older E-6B aircraft, meaning the first delivery is only the beginning of the transition.

By the time the fleet is fully established, you are looking at more than another C-130 variant. Lockheed has positioned one of its oldest aircraft franchises inside a mission that can support production and services for years.

LMT currently trades at $545 and pays a dividend of $14.40 per share, a yield of 2.64%.

Mining

Gold Fields Is Putting $27 Billion Behind a Much Bigger Gold Business

Gold Fields Limited (NYSE: GFI) is pursuing a roughly $27 billion takeover of Australia's Northern Star Resources, a combination that would create the world's second-largest gold producer. Northern Star has rejected the proposal, but Gold Fields continues to argue that combining the companies would create a much larger mining group spanning Australia, Africa, and the Americas.

The attraction is not simply owning more mines. Northern Star would dramatically increase Gold Fields' presence in Australia, giving the company greater production scale in one of the world's most established gold-mining regions.

Australia Would Become Much More Important

Gold Fields already operates major mines across several countries, but Northern Star would give it a far larger position in Western Australia and create opportunities to combine nearby operations and infrastructure.

Owning Northern Star would give you exposure to a much larger Australian gold business under the same company, reducing Gold Fields' reliance on any single mine or region.

The Deal Would Change the Company

A successful takeover would move Gold Fields into a different league, with greater production, a broader asset base, and more weight inside the global gold industry. That scale could also give the company more flexibility when deciding where to invest future capital.

A higher bid only makes sense if you believe those additional mines and operating advantages can earn back the premium over time. Gold Fields' willingness to walk away rather than chase the deal may therefore matter almost as much as the offer's size.

GFI currently trades at $37 and pays a dividend of $1.89 per share, a yield of 5.05%.

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Shipping

International Seaways Is Adding More Scale to Its Global Oil Tanker Fleet

International Seaways, Inc. (NYSE: INSW) has agreed to acquire Bruton Limited in a deal valued at about $370 million, adding four very large crude carriers to a fleet of roughly 70 vessels. Three of the ships are still under construction, giving the company additional capacity without relying entirely on older vessels already operating.

The deal expands International Seaways at a time when changing trade routes are forcing crude oil to travel longer distances between producers and buyers.

Longer Routes Can Keep Ships Busy

Tanker demand depends on more than how much oil the world consumes. Where that oil comes from and how far it travels can matter just as much, because longer voyages keep vessels occupied longer.

You do not need global oil demand to surge for tanker utilization to improve. Rerouting the same barrels across longer distances can create additional demand for the ships already moving them.

Newer Vessels Improve the Fleet Mix

Fleet age becomes central to your assessment of the deal. Newer vessels can remain commercially useful for longer while giving the company more flexibility as efficiency and environmental standards continue to tighten.

With three new ships still to be delivered, you are buying into future fleet renewal as well as immediate scale. That makes the transaction more than a simple increase in vessel count.

INSW currently trades at $112 and pays a dividend of $12.61 per share, a yield of 11.22%.

Dividend Stocks Worth Watching

Procter & Gamble (NYSE: PG)

Procter & Gamble reports fiscal first-quarter results on Thursday, October 22, before the open, and the stock gives you a cleaner setup than it did this summer. Shares sit about 6% below their 52-week high, and management guided to fiscal 2027 earnings of $6.89 to $7.11 a share, so your key question is whether that range holds.

The ex-dividend date follows on Friday, October 23, so you need to own the stock by Thursday's close to collect the next payment. Procter & Gamble pays $1.0885 per quarter, a yield of about 2.8%, and it has raised that payout for 70 straight years.

WEC Energy Group (NYSE: WEC)

WEC Energy sits about 12% below its 52-week high and only about 6% above its low, as higher bond yields have pulled utilities down. That gives you a yield of about 3.6% on a regulated business serving Wisconsin and nearby states, where data center projects are adding to power demand.

The board declared its regular $0.9525 quarterly dividend on Thursday. Third-quarter results arrive Thursday, October 29, and you will want to hear whether management keeps its capital spending plan and growth targets intact. If it does, this is a utility yield you can lock in near the bottom of its range.

Healthpeak Properties (NYSE: DOC)

Healthpeak owns medical office buildings, lab campuses, and senior housing, and it pays you every month. The stock sits roughly 17% below its 52-week high, which pushes the yield to about 6.4% on a payout of $0.10167 per share each month.

Third-quarter results come Monday, November 2, after the close. Your focus on the call should be lab leasing and whether funds from operations keep covering the monthly payout. The October check goes to holders of record before Monday's ex-dividend date, so if you buy now, your first payment is the November one.

Dividend Increases

Interactive Brokers (IBKR) raised its quarterly dividend 71% to $0.15 per share from $0.0875, a yield of about 0.7%.

Lincoln Electric (LECO) raised its quarterly dividend 10% to $0.87 per share from $0.79, a yield of about 1.3%.

EQT (EQT) raised its quarterly dividend 3% to $0.17 per share from $0.165, a yield of about 1.3%.

Dividend Decreases

Skyworks Solutions (SWKS) ended its 71-cent quarterly dividend, redirecting the cash to a $2 billion buyback and debt paydown ahead of its Qorvo merger.

Banco Santander Brasil (BSBR) cut its quarterly payout 23% to about $0.080 per ADS from $0.105, a yield of about 5.8% 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% at the new rate.

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Upcoming Dividend Payers

Graco (GGG) goes ex-dividend Monday, October 19, paying $0.295 per share on November 4.

UDR (UDR) goes ex-dividend Monday, October 19, paying $0.145 per share on November 2.

Carpenter Technology (CRS) goes ex-dividend Tuesday, October 20, paying $0.20 per share on December 3.

Pentair (PNR) goes ex-dividend Friday, October 23, paying $0.27 per share on November 6.

nVent Electric (NVT) goes ex-dividend Friday, October 23, paying $0.21 per share on November 6.

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