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The Daily Dividend 7/16/25

July 16, 2025

All raises all the time!

It’s mid-month and that means major dividend announcements.

A utility company is raising their payout. A REIT is hiking its distributions. And a 100 year-old engine-maker is increasing its dividend by an inflation-beating 10%.

Let’s start with the smallest raise first…

Duke Energy Corporation ($DUK) Raises Dividend By 1.9%

Duke Energy Corporation is a utility firm that provides electric and gas services.

The company’s electricity segment serves roughly 8.6 million customers throughout the Midwest and Southeastern United States. And Duke’s gas utilities service approximately 1.7 million clients.

Yesterday, Duke Energy Corporation announced a 1.9% dividend raise. And the firm will now pay a $1.065/share quarterly dividend.

  • Ex-dividend date: 8/15/25

  • Payout date: 9/16/25

  • Forward starting dividend yield: 3.54%

NNN REIT, Inc. ($NNN) Raises Dividend By 3.4%

NNN REIT, Inc. is a real estate investment trust that owns 3,641 properties in 50 states.

The company is one of only three publicly traded REITs that have consistently increased annual dividends for at least 35 years. And yesterday, NNN REIT, Inc. announced their 36th consecutive dividend raise.

The company hiked its distribution by 3.4%.

NNN REIT, Inc. will now pay a $0.60/share quarterly dividend.

  • Ex-dividend date: 7/31/25

  • Payout date: 8/15/25

  • Forward starting dividend yield: 5.44%

Cummins Inc. ($CMI) Raises Dividend By 9.89%

Engine and powertrain manufacturer Cummins Inc. announces its latest dividend raise.

The company was founded in 1919, and Cummins has consistently paid a dividend every year since 1986. And, the firm has raised its dividend for 16 consecutive years.

Yesterday, Cummins announced a 9.89% dividend increase.

The company will now pay a $2.00/share quarterly distribution.

  • Ex-dividend date: 8/22/25 

  • Payout date: 9/4/25

  • Forward starting dividend yield: 2.34%

Thank you for reading and have a great day!

Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.