5 Stocks Ready to Pay You a Dividend in August, but You Must Buy Them Today
Five Nasdaq stocks share the same ex-dividend deadline this week, but they are not all worth buying for the same reason, and at least one comes with a warning flag that most income investors will miss.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
Contact [email protected] for any questions or corrections.
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.
