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Intro

Hey everyone, Max here! Just a quick update — I'm still on a little mini vacation through Friday. I'll be back Friday morning and will be putting together the latest Buy Report. Since I was away, this Friday's report will cover the past two weeks.

In the meantime, check out the updated Dividend Radar and catch up on the latest dividend increase announcements!

Dividend Radar is a weekly updated list of reliable, dividend-growing companies — built on the timeless CCC method first introduced by David Fish.

Dividend Radar — Weekly Edition · 07/22/2026

The legendary method of dividend discipline returns every Wednesday — powered by MaxDividends.

It’s official: Dividend Radar is back — now on MaxDividends — rebuilt, refreshed, and ready for your review.

A quick note:

Every edition of Dividend Radar by MaxDividends is powered by the deep, real-time data inside the MaxDividends Research Platform — including our advanced Screener, which scans over 19,000+ companies worldwide to surface the next dividend gems.

🧾 Download the full Excel version below — just like the classic Dividend Radar everyone remembers.

You’re Premium — enjoy full access to the legendary Dividend Radar.

Dividend Radar Premium 07-22-2026.xlsx

Dividend Radar Premium 07-22-2026.xlsx

885.61 KBVND.OPENXMLFORMATS-OFFICEDOCUMENT.SPREADSHEETML.SHEET File

Interesting Picks from Today’s Dividend Radar List

Cummins Inc. (CMI)

The global power solutions manufacturer extended its dividend growth streak for a seventeenth consecutive year. Cummins designs and manufactures diesel, natural gas, hydrogen, and electric power systems, serving commercial vehicles, industrial equipment, and power generation markets worldwide.

  • Last Div Date: 12.07.2026

  • Recent Dividend Hike: $2.00 → $2.20 (+10.00%)

  • Dividend Growth Streak: 17 consecutive years

  • Dividend Safety Score: 94 / 99 (Premium Only)

💿 Weekly Dividend Hikes — July 13–20, 2026

Dividend growth remained strong this week, with companies from the United States and India announcing another round of higher shareholder payouts.

Several well-established financial institutions continued extending their dividend growth records, while industrial leaders and utilities reinforced their long-term commitment to steadily increasing shareholder returns.

🇺🇸 United States

Cummins Inc. (CMI)

Last Div Date: 12.07.2026
Dividend: $2.00 → $2.20 (+10.00%)
Dividend Growth Streak: 17 consecutive years
Consistent Years: 17
Dividend Safety Score: 94 / 99

The global power solutions manufacturer extended its dividend growth streak for a seventeenth consecutive year. Cummins designs and manufactures diesel, natural gas, hydrogen, and electric power systems, serving commercial vehicles, industrial equipment, and power generation markets worldwide.

Goldman Sachs Group Inc. (GS)

Last Div Date: 13.07.2026
Dividend: $4.50 → $5.00 (+11.11%)
Dividend Growth Streak: 14 consecutive years
Consistent Years: 16
Dividend Safety Score: 81 / 99

The global investment bank announced another dividend increase, extending its dividend growth streak to fourteen consecutive years. Goldman Sachs provides investment banking, asset management, wealth management, and global markets services to corporations, governments, institutions, and individuals.

Duke Energy Corporation (DUK)

Last Div Date: 14.07.2026
Dividend: $1.065 → $1.085 (+1.88%)
Dividend Growth Streak: 21 consecutive years
Consistent Years: 21
Dividend Safety Score: 82 / 99

The regulated electric utility extended its dividend growth streak for a twenty-first consecutive year. Duke Energy is one of the largest electric utilities in the United States, supplying electricity and natural gas to millions of residential, commercial, and industrial customers.

Morgan Stanley (MS)

Last Div Date: 15.07.2026
Dividend: $1.00 → $1.15 (+15.00%)
Dividend Growth Streak: 12 consecutive years
Consistent Years: 15
Dividend Safety Score: 78 / 99

The global financial services firm announced another significant dividend increase, extending its dividend growth streak to twelve consecutive years. Morgan Stanley provides investment banking, securities, wealth management, and investment management services to clients around the world.

Regions Financial Corporation (RF)

Last Div Date: 15.07.2026
Dividend: $0.265 → $0.30 (+13.21%)
Dividend Growth Streak: 13 consecutive years
Consistent Years: 15
Dividend Safety Score: 85 / 99

The regional banking company continued its record of annual dividend growth with another higher quarterly payout. Regions Financial provides consumer and commercial banking, mortgage lending, wealth management, and treasury services across the Southern and Midwestern United States.

Home Federal Bancorp Louisiana (HFBL)

Last Div Date: 16.07.2026
Dividend: $0.135 → $0.150 (+11.11%)
Dividend Growth Streak: 10 consecutive years
Consistent Years: 10
Dividend Safety Score: 67 / 99

The community bank extended its dividend growth streak to ten consecutive years. Home Federal Bancorp Louisiana provides traditional banking services, including residential and commercial lending, deposit products, and financial services for individuals and local businesses.

PPG Industries Inc. (PPG)

Last Div Date: 16.07.2026
Dividend: $0.71 → $0.74 (+4.23%)
Dividend Growth Streak: 55 consecutive years
Consistent Years: 55
Dividend Safety Score: 93 / 99

The global paints and coatings manufacturer extended its remarkable dividend growth streak for a fifty-fifth consecutive year. PPG develops coatings, specialty materials, and surface solutions for customers in the automotive, aerospace, construction, and industrial sectors worldwide.

🇮🇳 India

Nesco Limited (NESCO)

Last Div Date: 20.07.2026
Dividend: ₹6.50 → ₹7.00 (+7.69%)
Dividend Growth Streak: 3 consecutive years
Consistent Years: 10
Dividend Safety Score: 91 / 99

The diversified Indian company continued its annual dividend growth with another payout increase. Nesco operates exhibition and convention centers, commercial real estate, hospitality services, and information technology parks, generating diversified recurring income streams.

⭐ Weekly Standouts

  • Morgan Stanley — delivered the largest dividend increase of the week, raising its payout by 15.00%.

  • Cummins Inc — earned this week's highest Dividend Safety Score of 94.27 while extending its dividend growth streak to 17 consecutive years.

  • PPG Industries — continued the longest dividend growth record this week, reaching 55 consecutive years of higher dividend payments.

Why This Matters

Some hikes are modest, some are big — but all of them mean higher passive income. Week after week, this is how the compounding snowball keeps rolling.

👉 Congratulations to all shareholders who spotted their company among this week’s winners!

Full details are inside the MaxDividends Research Platform — where you can also set up email alerts to get notified about every dividend hike in real time.

***

📜 Dividend Radar: The Origin Story

In the early 2000s, the late David Fish — an independent analyst and dividend-growth pioneer — created what became known as the Dividend Champions, Contenders & Challengers List (CCC List).

It was simple but powerful: group companies by how many years in a row they’ve raised their dividends. Over time, this evolved into Dividend Radar, a weekly update trusted by thousands of income investors.

For more than two decades, dividend investors across the world followed one proven framework — Dividend Radar, built on the timeless CCC method:
Champions. Contenders. Challengers.

It wasn’t just a list. It was a reputation. To be included meant a company had achieved what only the strongest businesses ever do — raising its dividend every single year, without fail.

Here’s the essence of David Fish’s the system:

Dividend Champions (Aristocrats)

Companies that raised their dividends for 25 years or more. These are the icons of reliability — the long-term legends.

Dividend Eagles

15-24 years of dividend growth, identified using a modernized, data-driven framework that goes beyond streak length alone. Eagles combine long-term consistency with strong financial quality — spotlighting companies that not only raise dividends, but do so with superior fundamentals, healthy balance sheets, and durable business models.

Dividend Contenders

10 to 24 years of consecutive increases. Proven performers with strong growth and discipline.

Dividend Challengers

5 to 9 years of raises. Rising stars on their way to the upper tiers.

For nearly twenty years, the CCC system served as the investor’s compass — until mid-2024, when Dividend Radar was quietly discontinued.

The updates stopped. The spreadsheet disappeared. And with it, one of the most respected tools in dividend investing was gone.

⚙️ How It Works Now

Every Wednesday, we publish a refreshed MaxDividends Dividend Radar — a live list of companies that have raised dividends for at least five consecutive years.

Each company is automatically evaluated using our core metrics:

  • Business Quality Score — overall business quality, stability, and balance-sheet strength

  • Dividend Safety Score — dividend consistency, yield sustainability, and growth momentum

Alongside these scores you’ll find: ticker and name, sector, years of raises, current yield, payout ratio, 5- and 10-year dividend CAGR, and key financial metrics (EPS, revenue growth, debt, cash flow).

Everything updates automatically — no manual files, no downloads. Just clean data inside the MaxDividends Platform.

The Dave Fish Dividend Strategy

Powered by MaxDividends

Dave Fish, creator of the famous CCC (Champions, Contenders, Challengers) list, never claimed to have a complex investing system. His approach was remarkably simple:

Buy high-quality companies with long histories of dividend growth. Hold them while the dividend keeps growing and the business remains strong. Sell only when the original investment thesis breaks. Today, every part of that philosophy can be tracked using MaxDividends metrics.

BUY

Look for companies that meet these conditions:

Long History of Dividend Growth

  • 10+ consecutive years of annual dividend increases

Safe Dividend

  • Dividend Safety Score: 90+

  • Payout Ratio: Below 70%

Strong and Durable Business

  • Business Quality Score: 90+

Reasonable Valuation

  • Rated Fairly Valued or Undervalued

Attractive Income Potential

  • MaxRatio: 8+

This combination identifies companies that not only pay dividends today, but have a high probability of continuing to grow those dividends for years to come.

HOLD

Continue holding as long as:

The dividend continues to grow

The business remains financially strong

For Dave Fish, most successful investments were measured in years and decades, not quarters.

SELL

Consider selling when:

Dividend Cut

Dividend Freeze

Significant Deterioration in Business Quality

  • Business Quality Score falls below 80

  • Dividend Safety Score falls below 80

A dividend growth portfolio does not require frequent trading. The key is monitoring whether the original reasons for owning the company are still intact.

Every metric used in this framework is available inside the weekly Dividend Radar by MaxDividends publication and is continuously updated inside the MaxDividends Research Platform.

🧭 What You’ll See Every Wednesday

  • Top Dividend Champions — the elite 25+ year streaks

  • Top Dividend Eagles - top names with 15–24 years of dividend growth — a curated, higher-quality subset that blends consistency with stronger fundamentals than the broad Contender group.

  • Top Contenders — 10–24 year consistent raisers

  • Top Challengers — 5–9 year up-and-comers

  • New Additions & Drops — who entered or fell off the list

  • Dividend Raises of the Week — the latest increase announcements

Each name comes with a Financial Score, Dividend Score, yield, and growth rate — everything you need to spot quality and momentum at a glance.

💎 Why This Method Still Matters

Because true dividend growth isn’t luck — it’s discipline.
Companies that keep raising through recessions and rate cycles are built differently.

That’s why this approach stood the test of time for two decades. When you invest in consistent raisers, you’re not chasing price swings — you’re building income that grows year after year.

🗓 Every Wednesday

Each Wednesday morning, the new Dividend Radar 2.0 update goes live in your inbox.

Tomorrow’s first issue includes:

  • All Dividend Champions

  • Fresh Contenders with double-digit streaks

  • Rising Challengers entering the radar

  • All hikes, cuts, changes (soon)

As we move forward, we’ll gradually evolve it into a fully interactive experience inside the MaxDividends Research Platform — keeping the spirit of the original method alive while adding our own upgrades and precision analytics.

🦅 Dividend Radar 2.0 Is Back — Powered by MaxDividends

💌 Questions or thoughts? Reach me anytime at [email protected]

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*Disclaimer: This article reflects the author’s personal opinions and is intended for educational and entertainment purposes only. It does not constitute financial advice in any form. Always do your own research and consult a licensed financial advisor. The author may hold positions in some of the stocks mentioned, in line with the views expressed. This is a disclosure, not a recommendation to buy or sell any securities.
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