Income investors have intriguing opportunities and a narrow decision window this week. Five NASDAQ-listed dividend payers all share the same ex-dividend date of August 10, meaning shares must be owned by the close of Friday, August 7 to collect the upcoming August payments.
Here’s how it works: to receive a dividend, you must own the stock before the ex-dividend date. Buying on or before August 7 captures the payment, while buying on August 10 or later doesn’t. The share price typically opens lower by the dividend amount on the ex-date; in other words, this is about eligibility, not free money.
With that in mind, here are five near-term income-investment opportunities to check out right now.
German American Bancorp
German American Bancorp (NASDAQ:GABC) pays a $0.31 quarterly dividend, an annualized rate of $1.22, with the ex-date on August 10 and payment on August 20. The yield sits at 2.4%, and coverage looks very comfortable given trailing EPS of $3.8 against annualized dividends of $1.22. To capture this payout, GABC shares must be owned by the close on Friday, August 7.
The Indiana-based regional bank serves markets across Indiana, Kentucky, and Ohio, and closed its acquisition of Heartland BancCorp in early 2025. German American Bancorp is on a multi-year streak of dividend increases, having raised the quarterly payout from $0.29 a year earlier. German American Bancorp stock trades at a trailing P/E ratio of 13.47x, with Q2 2026 net income up 21.4% year over year (YoY).
Bankwell Financial Group
Bankwell Financial Group (NASDAQ:BWFG) declared a $0.20 quarterly dividend, annualized to $0.80, with the same August 10 ex-date and a payment date of August 21. Coverage is exceptional: trailing EPS of $5.31 dwarfs the annualized payout, the yield reads 1.2%, and Bankwell stock trades at a trailing P/E ratio of 12.69x. Investors must own shares by Friday, August 7 to qualify.
The Connecticut-based commercial bank has quietly compounded returns for years, with Bankwell stock climbing 48% year to date (YTD). The low payout ratio leaves ample room for future increases if management chooses to accelerate distributions. Bankwell Financial Group posted Q2 2026 net income of $12.37 million, with an efficiency ratio of 47.5%.
Capital Bancorp
Capital Bancorp (NASDAQ:CBNK) just raised its quarterly dividend from $0.12 to $0.14, annualizing to $0.56, with payment on August 26 after the shared August 10 ex-date. The yield reads 1.3%, and trailing EPS of $3.41 keeps coverage well above the payout at a trailing P/E ratio of 11.03x. The buy-by deadline is the close on Friday, August 7.
The Rockville, Maryland lender runs three distinct businesses: a traditional community bank, the OpenSky secured credit card operation, and the Windsor Advantage SBA-servicing platform. The freshly raised payout continues an 18-month pattern of quarterly increases from $0.08 to $0.10 to $0.12 and now $0.14. Capital Bancorp stock has climbed 36% YTD, and analyst coverage skews positive with three buy ratings.
Carter Bankshares
Carter Bankshares (NASDAQ:CARE) offers a $0.10 quarterly dividend, an annualized $0.40, paying on August 24 after the August 10 ex-date. Coverage looks very deep given trailing EPS of $5.8 and a trailing P/E ratio of just 6.16x. Investors need to own Carter Bankshares stock by the Friday, August 7 close.
The Virginia and North Carolina lender is relatively new to paying a regular cash dividend, and recently divested its insurance arm to concentrate on core banking. Carter Bankshares stock has rallied sharply this year, with shares up 82% YTD, which has compressed the yield even as the payout held steady. Q2 2026 earnings growth was reported at 253.9% YoY, reflecting a comparison against a depressed prior-year quarter.
Astec Industries
Astec Industries (NASDAQ:ASTE) is the outlier here, an industrial rather than a bank, paying a $0.13 quarterly dividend that annualizes to $0.52, with payment on August 28 and the same August 10 ex-date. The yield sits under 1%, and coverage is thinner than at the banks: trailing EPS of $1.11 sits above the annualized $0.52 payout, but the trailing P/E ratio is stretched at 47.07x. The buy-by deadline is Friday, August 7, so the chance to capture the next distribution won’t last much longer.
The Chattanooga-based maker of asphalt, aggregate-processing, and construction equipment cut its FY 2026 adjusted EBITDA guidance and missed Q2 2026 estimates, with Astec stock down 12% to $45.96 midday Wednesday. The forward P/E ratio of 12.61x suggests analysts still expect an earnings recovery, but the current dividend rests on trough profits rather than a growing base. Astec Industries has held the $0.13 quarterly payout since 2023, with no increase in that stretch.
The Bottom Line
All five names share the same Monday, August 10 ex-dividend date, which puts the practical deadline at Friday, August 7. Miss that Friday close and the August payment goes to whoever else owned the shares.
Chasing a single quarterly dividend isn’t a viable investment strategy, and the quality of coverage varies widely across this group. GABC, BWFG, CBNK, and CARE all show trailing EPS as multiples of their annualized payouts, while ASTE’s coverage is closer to the edge and depends on an earnings rebound. Investors can watch for whether Astec Industries stabilizes guidance in future quarters before treating that payout with the same confidence as the four community banks on this list.
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