US Dividend Calendar: July 20–24 — Who's
Paying and Who's Cutting
Meta description: This week's US stock dividends calendar (July 20–24, 2026) — ex-dividend dates, payout amounts, and the names worth watching, from Costco to Coca-Cola Consolidated.
I check the dividend calendar the same way some people check the weather — not because I need to know every single day, but because it tells me what to expect before I walk out the door. This week's calendar is a good example of why: it's a mix of blue-chip payers quietly doing their thing (Costco, Coca-Cola Consolidated), a cluster of stressed-looking REITs paying pocket-change dividends, and a couple of commodity ETNs whose "annual dividend" numbers will make your eyes go wide until you understand why.
If you're new to dividend investing, the calendar below is a genuinely useful teaching tool, because it has a little bit of everything: healthy payers, distressed payers, and a few instruments that aren't really "dividend stocks" in the traditional sense at all. Let's walk through it day by day.
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Key Takeaways
- Monday, July 20 is the busiest ex-dividend day this week, dominated by externally managed REITs (DHC, ILPT, SVC, SEVN) tied to The RMR Group, most paying very small quarterly amounts.
- Thursday, July 23 is quiet — just one common stock (MDRR) and the daily SATA preferred accrual.
- Friday, July 24 is the heavyweight day: Costco ($1.47/share), Coca-Cola Consolidated ($0.25), GE HealthCare, APA Corporation, and several Gladstone-family funds all go ex-dividend.
- SATA (Strive preferred stock) shows up on the calendar almost every single day this week — that's normal for a floating-rate perpetual preferred with a short accrual cycle, not a sign of anything unusual.
- The GLDI, SLVO, and USOI covered-call ETNs show enormous "Historical Annual Dividend" figures relative to their distribution — that's a quirk of how these products compound frequent payouts, not a real double-digit yield most investors should expect going forward.
A Quick Refresher: Ex-Dividend Date vs. Record Date vs.
Payment Date
Before we get into the individual names, a fast refresher for anyone newer to this, because the calendar throws three dates at you and it's easy to mix them up.
- Ex-dividend date — the cutoff. Buy the stock on or after this date, and you will not receive the upcoming dividend. This is the date that actually matters for investors trying to capture a payout.
- Record date — the date the company checks its books to see who officially owns shares. In the current settlement system, this typically lands on the same day as the ex-dividend date.
- Payment date — the day the cash actually shows up in your brokerage account, usually two to four weeks after the ex-dividend date.
Worth noting: a stock's price typically drops by roughly the dividend amount on the ex-dividend date itself, since the company is literally distributing cash out of its own value. That's not a red flag — it's just accounting.
Monday, July 20 — The REIT Cluster
Monday is dominated by a group of small, externally-managed REITs, several of which are managed by The RMR Group, itself paying its own dividend today.
- Diversified Healthcare Trust (DHC) — $0.01/share, down from a $0.04 historical annual rate. A one-cent quarterly payout on a REIT is a signal worth paying attention to; it usually reflects a company prioritizing balance-sheet repair over shareholder distributions.
- Industrial Logistics Properties Trust (ILPT) — $0.10/share.
- Service Properties Trust (SVC) — $0.05/share, also a fraction of what it once paid.
- Seven Hills Realty Trust (SEVN) — $0.28/share, the healthiest-looking payout of the RMR-affiliated group this week.
- The RMR Group (RMR) — $0.45/share, the management company itself, generally the steadiest payer in this family since its fee-based business model is less exposed to property-level stress than the REITs it manages.
Elsewhere Monday: First United Corporation (FUNC), a Maryland-based community bank, pays $0.26/share, and Immersion Corporation (IMMR), the haptics-technology licensing company, pays $0.075.
The takeaway from Monday's list: when you see several small-cap REITs with historical annual dividends that have clearly been cut — DHC's $0.04 annualized, SVC's $0.20 — it's worth actually reading the latest 10-Q before assuming the current payout is stable. Externally managed REITs in commercial real estate and healthcare property niches have had a genuinely tough multi-year stretch with higher financing costs, and dividend cuts have been common across the sector, not isolated to these names.
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Tuesday, July 21 — A Quiet Day
Tuesday only has one entry: the SATA preferred stock's next accrual. If you're not familiar with this name, Strive Inc.'s Series A Perpetual Preferred is a variable-rate instrument that pays out in very small daily-ish increments (here, $0.0493), which is why it appears on the calendar almost every day this week rather than once a quarter like a normal common stock. Don't read anything into its frequency — it's simply how the security is structured.
Wednesday, July 22 — Energy, Metals, and Another SATA
Accrual
Wednesday brings a more varied mix.
- APA Corporation (APA) — $0.25/share. APA (formerly Apache) is a mid-cap oil and gas exploration and production company, and its dividend has been relatively stable through the recent stretch of elevated energy prices tied to Middle East tensions — a dynamic that's also been a tailwind for several refiners this year.
- GLDI, SLVO, USOI — these are Credit Suisse X-Links covered-call exchange-traded notes tracking gold, silver, and crude oil respectively. Here's the important nuance: their listed "Historical Annual Dividend" figures ($66.71 for GLDI, $84.48 for SLVO, $30.57 for USOI) look enormous relative to their per-share distributions, but that's a data quirk from summing trailing payouts on products that distribute frequently and have had their share prices adjusted repeatedly over time through reverse splits. These are income-generating options-strategy products, not traditional dividend growth stocks, and the "yield" math on data aggregator sites for this category should always be double-checked against the actual current share price before you draw conclusions.
Thursday, July 23 — Small Caps Only
Just Medalist Diversified REIT (MDRR) at $0.0675/share this Thursday, alongside the recurring SATA accrual. A genuinely light day — good for anyone who wants to catch their breath before Friday.
Friday, July 24 — The Big One
This is where the week's real substance is. Several well-known, widely-held names go ex-dividend on Friday.
Costco Wholesale (COST) — $1.47/share, a $5.88 annualized rate. Costco is a name I keep coming back to in these calendars because it's about as close to a "boring compounder" as retail investing gets: steady membership-fee cash flow, disciplined payout growth, and periodically a special one-time dividend layered on top of the regular quarterly payment (not reflected in this week's ordinary distribution).
Coca-Cola Consolidated (COKE) — $0.25/share. Worth distinguishing from The Coca-Cola Company (KO) — COKE is the largest Coca-Cola bottler in the US, a genuinely different stock with its own capital structure and, historically, a much lower dividend yield relative to price given how richly the stock has traded in recent years.
GE HealthCare (GEHC) — $0.035/share. A relatively young dividend payer, having been spun off from General Electric in 2023; small but growing payout typical of a recent spin-off still establishing its capital-return policy.
First Busey Corporation (BUSE) — $0.26/share, a regional bank holding company. Regional bank dividends are worth watching closely in the current rate environment, since their margins are directly exposed to Fed policy, as we covered in last week's piece on how Fed decisions move markets.
Concentrix Corporation (CNXC) — $0.36/share, the customer-experience/business-services spin-off from Synnex.
Gladstone Capital, Gladstone Investment, Gladstone Commercial (GLAD, GAIN, GOOD, GOODN) — a family of business development companies (BDCs) and a REIT, all managed by the same parent and all known for paying monthly rather than quarterly dividends. That's why you'll see these names cycling through weekly calendars far more often than typical common stocks — it's a structural feature of monthly-paying BDCs, not a special event.
ArrowMark Financial Corp (BANX) — $0.15/share, a closed-end fund focused on financial-sector debt and equity.
Why This Week's Calendar Is a Good Teaching Moment
Step back and look at the shape of this week's list, and you get a nice cross-section of the different "flavors" of dividend payers out there:
- Steady blue-chip compounders (Costco) that raise dividends slowly and predictably
- Distressed or recovering REITs (DHC, SVC, ILPT) where the payout has clearly been cut from prior levels
- Monthly-paying BDCs and small REITs (the Gladstone family) that show up on calendars far more frequently simply due to their payment schedule
- Non-traditional income instruments (the commodity ETNs, the floating-rate preferred) where the headline "dividend" numbers require extra context to interpret correctly
- Recent spin-offs (GEHC, CNXC) still building out their dividend track record
None of that is unique to this particular week — it's basically what every week's calendar looks like once you know what you're looking at. The skill isn't memorizing the calendar; it's knowing which bucket each name falls into before you react to a number.
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A Word on Ex-Dividend Investing Strategies
I'd be doing you a disservice if I didn't flag this: some investors try to buy shares right before the ex-dividend date specifically to "capture" a payout, then sell shortly after. In practice, this rarely works out favorably once you account for the price drop on the ex-date itself and any short-term capital gains tax treatment, since dividends received on shares held less than 60–61 days typically don't qualify for the lower "qualified dividend" tax rate. For most retail investors, buying a dividend stock for its long-term payout growth and business quality is a far more reliable approach than trying to time individual ex-dividend dates.
Full Dividend Calendar Data (All Entries, July 20–24, 2026)
Here's every single entry from this week's calendar, in full, with no rows or columns omitted — including every one of SATA's daily accruals, which is why it appears five separate times below.
Monday, July 20, 2026
| Symbol | Name | Ex-Dividend Date | Payment Date | Record Date | Dividend | Historical Annual Dividend | Announcement Date |
|---|---|---|---|---|---|---|---|
| DHC | Diversified Healthcare Trust Common Shares of Beneficial Interest | 7/20/2026 | 8/13/2026 | 7/20/2026 | 0.01 | 0.04 | 7/19/2026 |
| FUNC | First United Corporation Common Stock | 7/20/2026 | 8/03/2026 | 7/20/2026 | 0.26 | 1.04 | 6/17/2026 |
| ILPT | Industrial Logistics Properties Trust Common Shares of Beneficial Interest | 7/20/2026 | 8/13/2026 | 7/20/2026 | 0.1 | 0.2 | 7/19/2026 |
| IMMR | Immersion Corporation Common Stock | 7/20/2026 | 7/31/2026 | 7/20/2026 | 0.075 | 0.3 | 7/19/2026 |
| RMR | The RMR Group Inc. Class A Common Stock | 7/20/2026 | 8/13/2026 | 7/20/2026 | 0.45 | 1.8 | 7/19/2026 |
| SATA | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | 7/20/2026 | 7/21/2026 | 7/20/2026 | 0.0493 | 12.2757 | 6/13/2026 |
| SEVN | Seven Hills Realty Trust Common Stock | 7/20/2026 | 8/13/2026 | 7/20/2026 | 0.28 | 1.12 | 7/19/2026 |
| SVC | Service Properties Trust Common Shares of Beneficial Interest | 7/20/2026 | 8/13/2026 | 7/20/2026 | 0.05 | 0.2 | 7/19/2026 |
Tuesday, July 21, 2026
| Symbol | Name | Ex-Dividend Date | Payment Date | Record Date | Dividend | Historical Annual Dividend | Announcement Date |
|---|---|---|---|---|---|---|---|
| SATA | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | 7/21/2026 | 7/22/2026 | 7/21/2026 | 0.0493 | 12.2757 | 6/13/2026 |
Wednesday, July 22, 2026
| Symbol | Name | Ex-Dividend Date | Payment Date | Record Date | Dividend | Historical Annual Dividend | Announcement Date |
|---|---|---|---|---|---|---|---|
| APA | APA Corporation Common Stock | 7/22/2026 | 8/21/2026 | 7/22/2026 | 0.25 | 1 | 5/20/2026 |
| GLDI | Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033 | 7/22/2026 | 7/27/2026 | 7/22/2026 | 1.5878 | 66.7128 | 7/02/2026 |
| SATA | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | 7/22/2026 | 7/23/2026 | 7/22/2026 | 0.0493 | 12.2757 | 6/13/2026 |
| SLVO | Credit Suisse X-Links Silver Shares Covered Call ETNs due April 21, 2033 | 7/22/2026 | 7/27/2026 | 7/22/2026 | 2.004 | 84.4824 | 7/02/2026 |
| USOI | Credit Suisse AG Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 7/22/2026 | 7/27/2026 | 7/22/2026 | 2.0995 | 30.5676 | 7/02/2026 |
Thursday, July 23, 2026
| Symbol | Name | Ex-Dividend Date | Payment Date | Record Date | Dividend | Historical Annual Dividend | Announcement Date |
|---|---|---|---|---|---|---|---|
| MDRR | Medalist Diversified, Inc. Common Stock | 7/23/2026 | 7/30/2026 | 7/23/2026 | 0.0675 | 0.27 | 7/10/2026 |
| SATA | Strive, Inc. Variable Rate Series A Perpetual Preferred Stock | 7/23/2026 | 7/24/2026 | 7/23/2026 | 0.0493 | 12.2757 | 6/13/2026 |
Friday, July 24, 2026
| Symbol | Name | Ex-Dividend Date | Payment Date | Record Date | Dividend | Historical Annual Dividend | Announcement Date |
|---|---|---|---|---|---|---|---|
| BANX | ArrowMark Financial Corp. Common Stock | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.15 | 1.8 | 7/14/2026 |
| BUSE | First Busey Corporation Class A Common Stock | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.26 | 1.04 | 7/14/2026 |
| CNXC | Concentrix Corporation Common Stock | 7/24/2026 | 8/04/2026 | 7/24/2026 | 0.36 | 1.44 | 6/29/2026 |
| COKE | Coca-Cola Consolidated, Inc. Common Stock | 7/24/2026 | 8/07/2026 | 7/24/2026 | 0.25 | 1 | 7/10/2026 |
| COST | Costco Wholesale Corporation Common Stock | 7/24/2026 | 8/07/2026 | 7/24/2026 | 1.47 | 5.88 | 7/08/2026 |
| GAIN | Gladstone Investment Corporation Business Development Company | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.08 | 0.96 | 7/14/2026 |
| GEHC | GE HealthCare Technologies Inc. Common Stock | 7/24/2026 | 8/14/2026 | 7/24/2026 | 0.035 | 0.14 | 6/30/2026 |
| GLAD | Gladstone Capital Corporation Common Stock | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.15 | 1.8 | 7/14/2026 |
| GOOD | Gladstone Commercial Corporation Real Estate Investment Trust | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.1 | 1.2 | 7/14/2026 |
| GOODN | Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock | 7/24/2026 | 7/31/2026 | 7/24/2026 | 0.138021 | 1.656252 | 7/14/2026 |
Total entries this week: 26 (across 22 unique tickers — SATA appears 5 times due to its short accrual cycle).
Case Study: Costco's Dividend Track Record
Since Costco is the marquee name on this week's calendar, it's worth spending a bit more time on why dividend investors watch it so closely. Costco initiated its regular quarterly dividend back in 2004 and has raised it essentially every year since, building the kind of multi-decade track record that gets a stock included in "dividend growth" screens and watchlists.
What makes Costco unusual compared to most retailers is where its profit actually comes from. The bulk of Costco's operating income doesn't come from marking up milk and rotisserie chickens — it comes from membership fees, which renew at extremely high rates year after year and provide a predictable, subscription-like revenue base. That predictability is exactly what lets a retailer commit to steady dividend growth in a sector where competitors like traditional department stores have struggled to maintain any dividend at all.
Costco has also periodically paid special one-time dividends on top of its regular quarterly payment — sometimes quite large ones, funded by the balance sheet rather than a single quarter's earnings. Those specials aren't part of this week's $1.47 regular payout, but they're worth knowing about if you're researching the stock's total shareholder-return history, since screeners that only show "regular dividend yield" can understate how much cash Costco has actually returned to shareholders over time.
Understanding BDCs: Why the Gladstone Family Pays Monthly
Four names on Friday's list — GLAD, GAIN, GOOD, and GOODN — all trace back to the same sponsor, Gladstone Management. Three of them (GLAD, GAIN, GOOD) are structured as business development companies, a special type of closed-end investment vehicle created by Congress in 1980 specifically to channel capital toward small and mid-sized private US businesses that can't easily access public debt or equity markets.
BDCs get favorable tax treatment similar to REITs, on one condition: they must distribute at least 90% of their taxable income to shareholders every year. That structural requirement is exactly why BDCs, as a category, tend to be some of the highest-yielding names in any given market — they're mechanically forced to pay out almost everything they earn rather than retaining cash for reinvestment the way a typical growth company would.
It's also why you'll see Gladstone's various entities cycling through weekly and monthly dividend calendars far more often than a typical S&P 500 industrial or consumer name: monthly distribution schedules are a common feature among BDCs and small-cap REITs marketed specifically toward income-focused retail investors who like the psychological comfort of a paycheck-like cadence rather than waiting a full quarter between payments.
The tradeoff worth understanding: because BDCs lend to smaller, often more leveraged private companies, their portfolios can be more sensitive to credit cycles and interest-rate conditions than a diversified index fund. A high, steady-looking monthly distribution isn't automatically a "safer" income stream than a lower quarterly one — it just means the cash shows up more frequently, not that the underlying business risk is lower.
How Covered-Call ETNs Like GLDI, SLVO, and USOI Actually
Generate Their Payouts
I flagged earlier that the "Historical Annual Dividend" figures on GLDI, SLVO, and USOI look wildly out of proportion to a typical dividend stock, and I want to unpack exactly why, because I think it's genuinely useful for anyone who stumbles across these tickers while scanning for high-yield names.
These three products are exchange-traded notes (ETNs), not stocks or ETFs, issued by Credit Suisse and tracking underlying "covered call" strategies on gold, silver, and crude oil respectively. A covered-call strategy works by holding a long position in the underlying asset (or its futures) and simultaneously selling call options against that position, collecting the option premium as income. That premium is what gets distributed to holders on a regular schedule — monthly, in the case of these three notes.
Two things make the headline numbers on data aggregators misleading if you don't dig a layer deeper. First, these notes have gone through repeated principal erosion and periodic reverse splits over their lifetimes, since covered-call strategies cap the upside during rallies in the underlying commodity while still fully exposing holders to downside moves — meaning the share price itself has drifted meaningfully over the years even as distributions continued. Second, aggregator sites often sum trailing twelve months (or longer) of actual dollar distributions to produce a "historical annual dividend" figure without properly re-basing it against a current, post-split share price, which is exactly why you see numbers like $66.71 or $84.48 sitting next to per-share prices that are nowhere near that level.
The honest takeaway: these are income-generating trading instruments for investors who specifically want commodity exposure with an income overlay and who understand the capped-upside, full-downside tradeoff — not "high yield dividend stocks" in the way that phrase is normally used, and not something I'd suggest treating as a core income holding without understanding the options mechanics behind them first.
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Sector Diversification Snapshot: What This Week's List Tells You
Zooming back out, it's worth laying out how this week's 22 unique tickers break down by sector, because the concentration is informative on its own:
- REITs / real estate: DHC, ILPT, SVC, SEVN, MDRR, GOOD, GOODN — seven of the 26 total entries, the single largest bucket
- BDCs / closed-end funds: GAIN, GLAD, BANX — three entries, all monthly payers
- Regional/community banks: FUNC, BUSE — two entries
- Energy: APA — one entry, but a meaningful one given how much energy has moved this year
- Commodity-linked ETNs: GLDI, SLVO, USOI — three entries, all non-traditional income products
- Consumer/retail: COST, COKE — two entries, both well-established payers
- Healthcare/industrials: GEHC — one entry, a relatively young dividend payer
- Business services: CNXC — one entry
- Technology licensing: IMMR — one entry
- Externally managed platform: RMR — one entry
- Preferred stock: SATA (five entries), GOODN — the only fixed-income-style instruments on the list
That heavy REIT and BDC weighting isn't a coincidence specific to this particular week — smaller REITs and BDCs are structurally required to distribute the bulk of their income, so they show up disproportionately often on any given week's dividend calendar relative to their actual share of the broader market. If you're scanning weekly calendars looking for diversification, it's worth remembering that a calendar built purely from "who's paying this week" will always over-represent these high-payout-ratio sectors compared to a market-cap-weighted index.
About the Data
Dividend amounts, dates, and historical annual figures in this article are sourced from Nasdaq's dividend calendar as provided and reflect data as of mid-July 2026. Dividend schedules can change — companies occasionally postpone, suspend, or adjust declared dividends between announcement and payment — so confirm current figures directly with each company's investor relations page or your brokerage before relying on any specific date or amount.
FAQ
The ex-dividend date is the cutoff for owning shares in time to receive the dividend; the payment date, usually two to four weeks later, is when the cash actually lands in your account.
Why does SATA appear on the dividend calendar almost every day?
SATA is a variable-rate perpetual preferred stock with a very short accrual/payment cycle, so small distributions post far more frequently than a typical quarterly common-stock dividend.
Why do Gladstone Capital, Gladstone Investment, and Gladstone Commercial all pay dividends so often?
All three are part of the same externally managed family and pay dividends monthly rather than quarterly, which is common among business development companies (BDCs) and some REITs designed for steady income investors.
Are the high "Historical Annual Dividend" figures on GLDI, SLVO, and USOI real yields?
Not in the traditional sense. These are covered-call commodity ETNs, and their aggregated historical dividend figures reflect frequent compounding distributions relative to a share price that has been adjusted over time — always check the current yield relative to the current share price rather than relying on a trailing annual total.
Should I buy a stock right before its ex-dividend date to capture the payout?
Generally not recommended as a strategy on its own. The share price typically falls by roughly the dividend amount on the ex-date, and dividends on shares held for very short periods often don't qualify for favorable "qualified dividend" tax treatment.
Why do some REITs on this list pay such small dividends compared to their historical rate?
Several REITs in this week's calendar, including DHC, SVC, and ILPT, have visibly cut their payouts from prior levels — often a sign of balance-sheet stress or a deliberate choice to conserve cash amid a challenging financing environment for commercial and healthcare real estate.
That's the week. If you're building an income portfolio, my honest suggestion is to treat this calendar as a discovery tool rather than a buy list — it tells you when things are happening, not whether they're good investments. Check back next Monday for the following week's calendar, and if you found the REIT dividend-cut angle useful, take a look at our companion piece on how Fed rate decisions ripple through rate-sensitive sectors like these.
4 Stocks Under $20 With Real Dividends and Real Staying Power
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