Geopolitics, the yield curve and a Fed meeting are all landing in the same window, and each one is creating a distinct dividend setup.

You get a high-conviction defense compounder, a Texas banking franchise that has never cut, and a rate-sensitive REIT trading below net asset value.

Gold Moves Quietly (Sponsored)

Central banks have been accumulating gold while many Americans are asking the same question: what happens to retirement savings if the dollar keeps losing purchasing power?

A free new briefing looks at why gold has returned to the spotlight, what investors learned from the monetary changes of the 1970s, and where physical gold may fit in a long-term retirement plan.

It also explains one way eligible retirement savings can potentially be repositioned without an immediate tax hit.

Get the Free Gold Retirement Briefing and See Your Options

*Reagan Gold Group does not provide financial, legal, or tax advice. This information is for educational purposes only and should not be considered investment advice. All investments carry risk, including loss of principal. Past performance is not indicative of future results. Consult your licensed financial advisor before making investment decisions.

Healthcare

A $2.25 Billion Deal Adds Another Growth Platform to McKesson

McKesson (NYSE: MCK) is buying Precision Medicine Group for about $2.25 billion, adding clinical research, laboratory, and commercialization services to a healthcare business already moving well beyond traditional drug distribution. 

Precision will become part of McKesson’s Oncology & Multispecialty unit, one of the company’s fastest-growing operations.

The acquisition fits a broader strategy of shedding non-core assets while directing more capital toward oncology, specialty care, and services with stronger long-term growth potential. 

Specialty Care Gets Another Major Addition

Precision works with pharmaceutical and biotechnology companies from clinical research through the launch of new medicines. Bringing those capabilities inside McKesson gives the company another way to participate in healthcare beyond simply distributing products.

Look at where McKesson has been putting its money, and you find a clear pattern. The company is steadily adding businesses that place it closer to physicians, drug developers, and specialized patient care.

Distribution Is No Longer the Whole Story

McKesson’s Oncology & Multispecialty revenue climbed 33% to $14.2 billion in its fiscal first quarter, helped by previous acquisitions and growth in specialty services. Precision adds another layer to that expanding platform. 

With several deals in the strategy, you can now see McKesson becoming a broader healthcare-services company rather than simply one of America’s largest drug distributors.

The $2.25 billion acquisition pushes that transformation another meaningful step forward.

MCK currently trades at $884 and pays a dividend of $3.76 per share, a yield of 0.43%.

Oil & Gas

Woodside Just Scrapped a $5 Billion Plan and Reset Its Energy Strategy

Woodside Energy (NYSE: WDS) is abandoning plans to invest roughly $5 billion in clean-energy projects by 2030, marking a major strategic reversal as the company redirects attention toward its core oil, gas, and LNG operations. 

The reset goes beyond canceling a spending target.

Woodside is also reviewing its $2.35 billion Beaumont New Ammonia project in Texas and targeting another $350 million in future cost reductions, showing that projects now face a tougher test before receiving additional capital. 

Core Energy Moves Back to the Center

Woodside had spent years trying to build a larger clean-energy portfolio alongside its traditional business. Management now says several proposed projects failed to produce acceptable economics or enough customer demand. 

Follow where the capital is heading, and you get a much clearer picture of the company Woodside intends to build. Oil, natural gas, and LNG are again taking priority in major investment decisions.

A More Focused Woodside Takes Shape

The company is keeping its 2030 target for reducing direct operational emissions, but it is scaling back its broader long-term emissions ambitions as its business strategy changes.

What you are left with is a more concentrated Woodside, one prepared to put its strongest businesses ahead of diversification for its own sake.

The $5 billion reversal makes clear that future growth will be judged first by whether a project strengthens the core company and earns its place in the portfolio.

WDS currently trades at $22 and pays a dividend of $1.08 per share, a yield of 4.68%.

Hidden Tax Breaks (Sponsored)

Capital gains taxes may quietly reduce more of your investment returns than you realize.

But the tax code includes several strategies that may help reduce that bill.

Three often-overlooked areas include investment-related expenses, cost basis adjustments, and real estate selling costs.

When structured correctly, these deductions may help minimize taxable gains.

Because the rules can be complex, many investors work with fiduciary financial advisors to plan tax-efficient strategies.

Use SmartAsset’s free tool to find vetted financial advisors serving your area.

Retail

DICK’S Is Starting the Hard Work of Rebuilding Foot Locker

DICK’S Sporting Goods (NYSE: DKS) is beginning a major reset of Foot Locker less than a year after completing its roughly $2.5 billion acquisition, tackling excess inventory, heavy discounting, and a product assortment that has not kept pace with changing customer demand.

The challenge now is much bigger than improving one quarter.

DICK’S bought Foot Locker to build a larger global sports retail business, and management is reshaping the chain around fresher merchandise, stronger brands, and a shopping experience that can support that ambition.

Foot Locker Needs a Merchandise Reset

Foot Locker has been carrying too much older inventory while some major footwear franchises have lost momentum. DICK’S is responding by changing the variety and highlighting products customers are actively seeking.

Walk into the turnaround from the customer side, and you quickly reach the merchandise. Better stores matter, but Foot Locker first needs shoes and brands that give shoppers a reason to return.

DICK’S Brings a Stronger Retail Playbook

DICK’S enters the turnaround with years of experience managing brand relationships, product launches, inventory, and large-format sporting goods stores. Foot Locker gives it a different customer base and a much larger international presence.

DICK’S now has an opportunity to apply what works across its existing business to hundreds of Foot Locker locations and build stronger connections with major athletic brands.

Buying Foot Locker gave DICK’S immediate scale, but the real value will depend on whether it can modernize the business without losing what made the retailer important in sneakers and athletic footwear.

DKS currently trades at $129 and pays a dividend of $5.00 per share, a yield of 3.86%.

Dividend Stocks Worth Watching

Northrop Grumman (NYSE: NOC)

Northrop's dividend growth streak sits at over 20 years running, and the B-21 program is ramping into low-rate production. Backlog is deep.

If the Iran situation forces a supplemental defense appropriations package through Congress, Northrop and the shipbuilders benefit first and fastest. The yield is smaller than peers, though the growth rate is the point here, not the current payout.

If you already own defense exposure through primes, use NOC to concentrate on the highest-conviction platform names heading into fiscal 2027.

Cullen/Frost Bankers (NYSE: CFR)

Frost is the crown jewel of Texas regional banking, and Texas is one of the fastest-growing deposit markets in the country. The bank has never cut its dividend across multiple credit cycles.

With regional banks getting punished on funding cost concerns, CFR gives you a clean entry into a franchise that has historically compounded through downturns.

The next ex-date lands in September. Buy the fear on funding-cost headlines, hold through the cycle.

Extra Space Storage (NYSE: EXR)

Self-storage got beaten up on the thesis that consumers were done moving. That was overdone. EXR trades at a meaningful discount to net asset value, and the catalyst you're playing for is the September FOMC meeting.

If the committee signals rate cuts, storage REITs move fast. Build your position ahead of the meeting, not after. This is a rate-sensitive name in a sector with structural tailwinds, and the risk/reward has flipped in your favor.

Dividend Increases

MGE Energy (MGEE) declared a quarterly dividend increase in its August 21 8-K filing.

QCR Holdings (QCRH) lifted its quarterly dividend 50% to $0.15 per share, payable October 5 to holders of record September 18.

Carlisle Companies (CSL) raised its regular quarterly dividend from $1.10 to $1.25, marking a 50th consecutive year of increases.

Martin Marietta (MLM) bumped its quarterly cash dividend to $0.84 per share, payable September 30 to holders of record September 1.

Dividend Decreases

Crown Crafts (CRWS) cut its quarterly dividend 62.5% to $0.03 per share, ending 16 consecutive years of stable payouts.

UWM Holdings (UWMC) suspended its dividend after a $451.9 million quarterly loss and a $2.05 billion cash infusion from Oaktree.

Flowers Foods (FLO) trimmed its dividend and lowered full-year guidance following weak Q2 earnings.

Five AI Challengers (Sponsored)

AI researcher Keith Kaplan says investors may be looking in the wrong places.

After investing millions into AI research, he’s identified five stocks he believes could outperform the biggest tech names as the next phase of the AI boom unfolds.

His message is simple: don’t chase yesterday’s winners.

Reveal Keith Kaplan’s 5 AI Stocks Before August 31, 2026.

Upcoming Dividend Payers

S&P Global (SPGI) goes ex-dividend tomorrow, August 26, with its $0.97 quarterly dividend payable September 10.

Atmus Filtration Technologies (ATMU) goes ex-dividend Thursday, August 27, on its raised $0.06 quarterly payout, payable September 9.

NextEra Energy (NEE) goes ex-dividend Friday, August 28, with $0.6232 per share payable September 15.

T-Mobile (TMUS) rounds out the week on Friday, August 28, with $1.02 per share payable September 10.

Everything Else

  • 📡 MTN Group launched a $375 million buyback after adjusted first-half profit rose 21.3% and strong cash flow gave the telecom giant more room to return capital.

  • 🏦 Deutsche Bank will begin a new €500 million buyback after recently completing a separate €1 billion repurchase program.

  • 🛢️ Ampol sharply raised its interim dividend after first-half profit jumped nearly fivefold on stronger refining margins.

  • 📱 Samsung Electronics unveiled a record shareholder-return plan worth as much as $80 billion, though investors were disappointed by the lack of a more aggressive buyback commitment.

  • 💾 SK Hynix is moving ahead with a $28.6 billion buyback while pledging to return more than half of free cash flow through dividends and repurchases.

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