5 Stocks Ready to Pay You a Dividend in August, but You Must Buy Them Today

By Gerelyn Terzo Published Aug 5, 10:32AM EDT

Quick Read

WTFC raised its quarterly dividend 10% to $0.55 and FELE extended a multi-decade streak of increases, both going ex-dividend August 6.
SIMO surged 184% on AI storage demand with Q2 revenue up 127%, making it a high-growth stock wearing a thin dividend label.
EGBN slashed its dividend 94% to a penny amid negative EPS and $48 million in charge-offs, flagging this as a credit turnaround, not income.
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5 Stocks Ready to Pay You a Dividend in August, but You Must Buy Them Today — © bernie_photo / Getty Images

Five Nasdaq-listed companies share the same deadline this week: all go ex-dividend on August 6, 2026. To collect the upcoming payment, investors need to own shares before the ex-date begins, which means the last day to buy is today, August 5, 2026. Miss it, and the next likely window is a full quarter away.

Quick refresher on the mechanics: the ex-dividend date is the cutoff. Buy before that date, and you are on the record book for the payment. Buy on the ex-date or after, and the seller keeps the dividend. The payment date is simply when cash hits your account, typically a week or two later. Just remember: the dividend date gets you in line for the payout, but it does not make the stock a buy on its own.

Wintrust Financial (WTFC)

Wintrust Financial (NASDAQ:WTFC | WTFC Price Prediction) is the highest-quality income name in this group. The Rosemont, Illinois regional bank pays a $0.55 quarterly dividend with a $2.20 annualized rate, translating to a 1.32% forward yield at the current $163.28 price. The ex-date is August 6, 2026, with payment on August 20, 2026. Buy by market close on August 5 to qualify.

Coverage looks excellent. Wintrust earns $12.44 in trailing EPS, so the $2.20 annual payout is a payout ratio in the mid-teens. The company delivered its sixth consecutive quarter of record net income in Q2 and raised the quarterly dividend from $0.50 to $0.55 in early 2026, a 10% bump. Shares are up 16.7% year to date, and the stock trades at a modest 13x earnings.

Silicon Motion Technology (SIMO)

Silicon Motion Technology (NASDAQ:SIMO) designs NAND flash controllers and pays a $0.50 quarterly dividend on its ADS, or $2.00 annualized. On the current $268.49 price, that is a 0.79% yield. The dividend goes ex on August 6, 2026 and pays August 20, 2026.

The yield is thin because the stock has run: SIMO is up 184.1% year to date on the back of an AI storage cycle that lifted Q2 revenue 127% year over year. Coverage is exceptional. Trailing EPS runs $8.55, and non-GAAP Q2 EPS came in at $2.43, dwarfing the $0.50 quarterly commitment. Payout ratio sits comfortably below a quarter of earnings.

Franklin Electric (FELE)

Franklin Electric (NASDAQ:FELE), the Fort Wayne-based maker of fuel and water pumping systems, declared its $0.28 quarterly dividend on July 27, 2026. The ex-date is August 6, 2026, with payment August 20, 2026. Annualized at $1.12, the forward yield is 1.04% on a $109.92 share price.

FELE raised the quarterly payout from $0.265 to $0.28 in early 2026, extending a multi-decade streak of increases. Trailing EPS of $3.48 covers the $1.12 annual payout roughly three times over. Q2 adjusted EPS beat at $1.55, and management raised full-year guidance to $4.50 to $4.70. The stock trades at a full 31x trailing earnings, so investors are paying up for the reliability.

TriMas (TRS)

TriMas (NASDAQ:TRS), a Michigan-based maker of packaging and aerospace components, pays a token $0.04 quarterly dividend, or $0.16 annualized. At $40.51, that works out to a 0.39% yield. The stock goes ex-dividend on August 6, 2026, with payment set for August 13, 2026, one of the quickest payout windows in this group.

The payout itself is well covered. Trailing EPS of $1.49 and FY2026 guidance of $1.60 to $1.70 in adjusted EPS make the $0.16 annual dividend a small obligation. The catch is growth: TRS has held the dividend flat for years, so this is more of a modest capital-return feature than a growth-of-income story. Shares are up 14.4% year to date.

Eagle Bancorp (EGBN)

Eagle Bancorp (NASDAQ:EGBN), a Maryland community bank, is the weakest name here and carries the clearest risk flag. The quarterly dividend was slashed from $0.165 to $0.01 earlier in 2026, a 94% reduction. The August 6, 2026 ex-date and August 17, 2026 payment are confirmed, but the annualized $0.04 payout yields just 0.14%.

Coverage of the $0.01 dividend is not the issue. The underlying business is stressed: Q2 EPS missed at $0.23 against a $0.33 estimate, owing to higher provisions for credit losses. Credit deteriorated with $47.9 million in net charge-offs, and management widened 2026 guidance to deposits down 10% to 13% and loans down 10% to 12%. Trailing EPS is negative at -$4.13. Buying EGBN for the penny dividend misses the point; this is a turnaround bet, not an income thesis.

The Bottom Line

All five ex-dates are confirmed for August 6, 2026, which makes today the buy-by deadline. Look past the single quarterly payment: WTFC and FELE are the best-covered dividend growers, SIMO is a low-yield technology story on a hot streak, TRS is a token payer, and EGBN is a credit turnaround story wearing a dividend label. Miss the ex-date, and the next likely window is roughly November.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.