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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 · 08/05/2026
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.
Interesting Picks from Today’s Dividend Radar List
Cintas Corporation (CTAS)
The business services leader extended its dividend growth streak for a forty-first consecutive year. Cintas provides uniforms, facility services, safety products, and workplace solutions to businesses throughout North America.
Last Div Date: 28.07.2026
Dividend: $0.45 → $0.52 (+15.56%)
Dividend Growth Streak: 41 consecutive years
Dividend Safety Score: 97 / 99 (Premium Only)
💿 Weekly Dividend Hikes — July-August 27–03, 2026
Dividend growth activity remained steady through the final days of July, with companies from the United States, Canada, the United Kingdom, India, and Japan announcing another round of higher shareholder payouts.
Industrial leaders, financial institutions, consumer staples companies, and infrastructure businesses all contributed to this week’s dividend increases. Several long-established Dividend Growers also continued extending their impressive records of annual dividend growth.
⭐ This Week’s Standouts
Fastenal Company — earned this week’s highest Dividend Safety Score of 97 while extending its dividend growth streak to 27 consecutive years.
American States Water Company — continued the longest dividend growth record this week, reaching 71 consecutive years of higher dividend payments.
🇺🇸 United States
Federal Realty Investment Trust (FRT)
Last Div Date: 31.07.2026
Dividend: $1.13 → $1.16 (+2.65%)
Dividend Growth Streak: 39 consecutive years
Consistent Years: 39
Dividend Safety Score: 87 / 99
The retail-focused REIT extended its dividend growth streak to thirty-nine consecutive years. Federal Realty Investment Trust owns, develops, and operates high-quality shopping centers and mixed-use properties across major U.S. metropolitan markets.
The Clorox Company (CLX)
Last Div Date: 31.07.2026
Dividend: $1.24 → $1.25 (+0.81%)
Dividend Growth Streak: 49 consecutive years
Consistent Years: 87
Dividend Safety Score: 77 / 99
The consumer products manufacturer continued its annual dividend growth with another higher quarterly payout. The Clorox Company produces household cleaning products, disinfectants, trash bags, cat litter, water filtration systems, and personal care brands sold worldwide.
STERIS plc (STE)
Last Div Date: 30.07.2026
Dividend: $0.63 → $0.69 (+9.52%)
Dividend Growth Streak: 15 consecutive years
Consistent Years: 15
Dividend Safety Score: 92 / 99
The healthcare products and services provider extended its dividend growth streak for a fifteenth consecutive year. STERIS develops infection prevention, sterilization, surgical, and laboratory solutions for healthcare and life sciences customers worldwide.
Zions Bancorporation (ZION)
Last Div Date: 30.07.2026
Dividend: $0.45 → $0.48 (+6.67%)
Dividend Growth Streak: 11 consecutive years
Consistent Years: 11
Dividend Safety Score: 90 / 99
The regional banking company announced another dividend increase, extending its annual dividend growth record. Zions Bancorporation provides commercial banking, consumer banking, treasury management, and wealth management services across the western United States.
Union Pacific Corporation (UNP)
Last Div Date: 29.07.2026
Dividend: $1.38 → $1.42 (+2.90%)
Dividend Growth Streak: 19 consecutive years
Consistent Years: 27
Dividend Safety Score: 87 / 99
The railroad operator continued its annual dividend growth with another higher quarterly payout. Union Pacific operates one of North America’s largest freight rail networks, transporting agricultural, industrial, energy, and consumer goods.
Littelfuse Inc. (LFUS)
Last Div Date: 29.07.2026
Dividend: $0.75 → $0.80 (+6.67%)
Dividend Growth Streak: 15 consecutive years
Consistent Years: 15
Dividend Safety Score: 82 / 99
The electronic components manufacturer extended its dividend growth streak for a fifteenth consecutive year. Littelfuse designs and manufactures circuit protection, power control, and sensing technologies for industrial, automotive, and electronics markets.
Church & Dwight Company Inc. (CHD)
Last Div Date: 29.07.2026
Dividend: $0.308 → $0.310 (+0.81%)
Dividend Growth Streak: 29 consecutive years
Consistent Years: 35
Dividend Safety Score: 89 / 99
The consumer goods company continued raising its quarterly dividend, extending its long-term dividend growth record. Church & Dwight manufactures household, personal care, and specialty products, including the Arm & Hammer brand.
Republic Services Inc. (RSG)
Last Div Date: 28.07.2026
Dividend: $0.625 → $0.670 (+7.20%)
Dividend Growth Streak: 22 consecutive years
Consistent Years: 22
Dividend Safety Score: 83 / 99
The environmental services company extended its dividend growth streak for a twenty-second consecutive year. Republic Services provides waste collection, recycling, disposal, and environmental solutions across the United States.
MPLX LP (MPLX)
Last Div Date: 28.07.2026
Dividend: $1.077 → $1.080 (+0.33%)
Dividend Growth Streak: 10 consecutive years
Consistent Years: 10
Dividend Safety Score: 83 / 99
The energy midstream partnership announced another higher cash distribution. MPLX owns and operates pipelines, storage facilities, processing plants, and other energy infrastructure assets throughout the United States.
UMB Financial Corporation (UMBF)
Last Div Date: 28.07.2026
Dividend: $0.43 → $0.50 (+16.28%)
Dividend Growth Streak: 29 consecutive years
Consistent Years: 29
Dividend Safety Score: 87 / 99
The regional financial institution delivered a strong dividend increase while extending its dividend growth streak to twenty-nine consecutive years. UMB Financial provides commercial banking, consumer banking, institutional services, and wealth management.
Landstar System Inc. (LSTR)
Last Div Date: 28.07.2026
Dividend: $0.40 → $0.44 (+10.00%)
Dividend Growth Streak: 12 consecutive years
Consistent Years: 12
Dividend Safety Score: 82 / 99
The asset-light transportation company announced another double-digit dividend increase. Landstar System provides truckload transportation, logistics, freight brokerage, and supply chain solutions across North America.
Fastenal Company (FAST)
Last Div Date: 28.07.2026
Dividend: $0.24 → $0.26 (+8.33%)
Dividend Growth Streak: 27 consecutive years
Consistent Years: 35
Dividend Safety Score: 97 / 99
The industrial and construction supplies distributor extended its dividend growth streak to twenty-seven consecutive years. Fastenal distributes fasteners, safety equipment, industrial supplies, and inventory management solutions to manufacturing and construction customers worldwide.
HF Sinclair Corporation (DINO)
Last Div Date: 28.07.2026
Dividend: $0.50 → $0.525 (+5.00%)
Dividend Growth Streak: 0 consecutive years
Consistent Years: 33
Dividend Safety Score: 84 / 99
The independent energy company announced a higher quarterly dividend. HF Sinclair operates petroleum refineries and markets refined products, lubricants, renewable diesel, and specialty products across North America.
Cintas Corporation (CTAS)
Last Div Date: 28.07.2026
Dividend: $0.45 → $0.52 (+15.56%)
Dividend Growth Streak: 41 consecutive years
Consistent Years: 41
Dividend Safety Score: 95 / 99
The business services leader extended its dividend growth streak for a forty-first consecutive year. Cintas provides uniforms, facility services, safety products, and workplace solutions to businesses throughout North America.
American States Water Company (AWR)
Last Div Date: 28.07.2026
Dividend: $0.504 → $0.546 (+8.23%)
Dividend Growth Streak: 71 consecutive years
Consistent Years: 71
Dividend Safety Score: 87 / 99
The regulated water utility continued the longest dividend growth streak of the week, reaching seventy-one consecutive years of higher dividend payments. American States Water provides water and electric utility services as well as contracted utility operations for U.S. military bases.
Lithia Motors Inc. (LAD)
Last Div Date: 27.07.2026
Dividend: $0.57 → $0.70 (+22.81%)
Dividend Growth Streak: 16 consecutive years
Consistent Years: 16
Dividend Safety Score: 90 / 99
The automotive retailer announced one of the strongest dividend increases of the week while extending its dividend growth streak. Lithia Motors operates one of the largest automotive dealership networks in North America.
Principal Financial Group Inc. (PFG)
Last Div Date: 27.07.2026
Dividend: $0.82 → $0.84 (+2.44%)
Dividend Growth Streak: 17 consecutive years
Consistent Years: 17
Dividend Safety Score: 75 / 99
The financial services company continued its annual dividend growth with another higher quarterly payout. Principal Financial Group provides retirement services, asset management, insurance, and investment solutions worldwide.
Capital Power Corporation (CPX)
Last Div Date: 28.07.2026
Dividend: C$0.691 → C$0.705 (+2.00%)
Dividend Growth Streak: 13 consecutive years
Consistent Years: 16
Dividend Safety Score: 65 / 99
The independent power producer announced another dividend increase, extending its long-term growth record. Capital Power develops, owns, and operates power generation facilities across North America.
🇬🇧 United Kingdom
Scottish American Investment Company (SAIN)
Last Div Date: 30.07.2026
Dividend: £0.038 → £0.040 (+3.51%)
Dividend Growth Streak: 12 consecutive years
Consistent Years: 12
Dividend Safety Score: 63 / 99
The global investment trust extended its dividend growth streak to twelve consecutive years. Scottish American Investment Company invests in a diversified portfolio of global equities with a long-term focus on income growth.
🇯🇵 Japan
Computer Engineering & Consulting Ltd (9692)
Last Div Date: 30.07.2026
Dividend: ¥35 → ¥40 (+14.29%)
Dividend Growth Streak: 1 consecutive year
Consistent Years: 15
Dividend Safety Score: 92 / 99
The information technology services company announced another higher annual dividend. Computer Engineering & Consulting provides software development, systems integration, and IT consulting services for enterprise customers in Japan.
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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