Dividend shares remain an important building block for anyone who wants to build up a predictable and stable additional income on the stock market. As a dividend investor, you face the challenge of selecting the best shares for your portfolio every time you make an investment decision.
In this monthly series, we present 5 selected dividend stocks that pay out dividends in the respective month. The focus is not on short-term price opportunities, but on the dividend profile, the stability of the business model and the growth prospects.
The most important facts in brief:
- Dividend shares provide regular distributions and at the same time enable capital gains, which generate a strong compound interest effect through reinvestment of the dividends.
- If you set up a dividend calendar with monthly or quarterly payers, you create a predictable cash flow stream
- The dividend yields of the shares presented range up to over 5.2 %
Why dividend shares are attractive for many investors
Dividend shares combine current income with long-term wealth accumulation. They offer predictable distributions, independence from the share price and are a strong sign of financial solidity and crisis resistance.
Dividend shares with a long distribution history stand for stability, continuity and sustainable corporate success. It is precisely these characteristics that make them a reliable cornerstone of any portfolio.
The advantages for you as a dividend investor:
- Properly structured, a dividend custody account pays Dividend every month for passive income
- Reliable cash flow even in sideways or weak market phases
- Companies with a stable dividend history are considered financially robust
- Psychological stability thanks to reliable returns and low volatility
What CapTrader can do
CapTrader gives you worldwide access to over 170 stock exchanges, so that you can trade almost any share directly on your home exchange. At the same time you benefit from low, transparent fees, professional trading platforms and German-speaking support for active traders and long-term income investors.
These exciting 5 dividend stocks will pay out in February 2026
In this section, we present five selected dividend stocks that pay out in February and are characterized by a solid business model, attractive key figures and a convincing dividend profile.
Established valuation approaches focus on the following key figures:
- A Dividend yield from around 2 % to achieve an attractive current yield
- A forecast profit or sales growth of at least 5 % so that the dividend can be increased in the future
- A payout ratio (on profit) below 75 % to ensure sufficient scope for investments and solid company growth
1. Singapore Exchange: The exchange monopoly from Singapore
The Singapore Exchange (SGX) (ISIN: SG1J26887955) is the leading stock exchange in the financial hub of Singapore and a key player in the financial sector. in the Asian capital market.
It enables trading in shares, bonds, ETFs and fund units as well as an extensive derivatives area with futures and options on indices, commodities and currencies. In addition, SGX provides valuable market data, real-time prices and sector indices that offer traders and institutions a sound basis for decision-making.
Special features of the business model and moat
In its home market, SGX is the listing venue for Singaporean blue chips and many regional market leaders with virtually no alternative, which gives it a de facto monopoly and structurally very strong customer loyalty.
For issuers, a change of stock exchange would be associated with high costs, uncertainty among the investor base and reputational risks, while deep network effects between issuers, investors, banks and market makers continuously strengthen the liquidity and attractiveness of the platform.
- Almost exclusive domestic market access for Singaporean large caps and state-related companies stabilizes the listing volume.
- Regulatory anchoring and close cooperation with the Monetary Authority of Singapore (MAS) ensure a reliable, internationally recognized legal framework.
- Strong network effects increase the switching costs for all market participants and make alternatives unattractive.
In international competition with Hong Kong, Tokyo and Shanghai, SGX differentiates itself through a particularly stable regulatory framework, high market transparency and a fully digitalized, scalable trading and clearing platform.
The focus on multi-asset classes and global investors generates diversified, recurring income from trading, clearing and data licenses and reduces dependence on individual markets or cycles.
- Integrated multi-asset platform (equities, bonds, derivatives, ETFs) with high cross-selling and scaling potential.
- Global investor focus with Singapore's strong positioning as a safe haven for capital.
- Scalable platform model in which additional volume incurs only low marginal costs and strengthens margins and free cash flow in the long term.
This combination of domestic market monopoly, regulatory advantages, network effects, technological scalability and diversified, recurring revenues forms a resilient moat and makes SGX's business model robust and crisis-resistant with attractive long-term growth potential.
Dividend profile in detail
The table shows that SGX's current dividend yield of 2.23 % is slightly below the 12-month average of 2.37 %. With a payout ratio of 67.6 %, the dividend is considered solid and well secured. For income investors, the share therefore remains interesting primarily due to its reliability.
The average dividend growth of 4.64 % over five years underlines the stability of the distributions. However, exceptionally strong growth of 22.22 % is expected for 2026, which indicates better business prospects or a more active distribution policy.
| Key figure | Value¹ |
|---|---|
| Current dividend yield | 2,23 % |
| Ø dividend yield 12 months | 2,37 % |
| Distribution months | February, May, October, November |
| Payout ratio on the profit | 67,6 % |
| Ø 5-year growth | 4,64 % |
| Forecast dividend growth in 2026 | 22.22 % |
Future prospects for Singapore Exchange
The future outlook for the Singapore Exchange (SGX) is solid with moderate growth. They correlate closely with the Singapore economy, whose GDP growth was 4.8 % in 2025, is expected to be up to 3 % in 2026 and is targeting around 3.2 % in 2027, encouraging stable trading volumes.
The sales forecasts for 2026 predict growth of SGD 1.41 billion, or 4.4 %, and growth of SGD 1.48 billion, or 4.9 %, for 2027. This growth creates a buffer for dividend increases. With SGX, investors benefit from strong diversification in Asia, a stable GDP in 2026 and the robust SGD currency.²
What CapTrader can do
With CapTrader, the trading fees are extremely low: you trade Shares from Singapore already from 0.10 % Order fee (minimum order 5.00 SGD).
2 Siemens: The silent tech revolution in the industrial group
Siemens AG (ISIN: DE0007236101) is a global technology group with a strong Registered office in Germany. The portfolio includes Digital Industries (automation and software), Smart Infrastructure (energy and building technology), Mobility (transportation systems) and complementary areas such as Siemens Healthineers and Financial Services.
Special features of the business model and moat
Siemens is building a deep moat over enormous technical complexity, decades-long life cycles and very high replacement costs: Once integrated, automation platforms, control systems or digital twins intervene so deeply in production processes that replacing them would jeopardize entire factory architectures.
Global standards, trust in reliability that has grown over the years and a large data advantage from millions of networked devices reinforce network effects and ensure that customers usually remain in the ecosystem permanently after the initial installation.
- High technical complexity and depth of integration make switching providers risky and expensive.
- Long life cycles of often 10 to 20+ years mean that expansions and upgrades are almost always implemented with Siemens.
- Global standard role in many industries and a growing wealth of data are continuously improving software, services and AI models.
At the same time, targeted acquisitions are creating a scalable software moat: Acquisitions such as Altair and Dotmatics strengthen the position in AI, simulation and industrial software, increase margins and increasingly decouple the business model from traditional industry cycles.
The combination of hardware, software and in-depth process knowledge makes Siemens an integrated technology partner, not just a supplier of machines.
In competition with Schneider Electric, ABB and Rockwell, Siemens benefits from its size, broad diversification and leading multi-asset solutions in automation, electrification and digital industrial software.
At the same time, record cash flows enable high dividends, share buybacks and massive reinvestment in future fields such as automation, reshoring, decarbonization and ESG-driven infrastructure, which additionally secures structural growth.
Dividend profile in detail
Siemens' current dividend yield of 2.14 % is slightly below the 12-month average of 2.30 %, but remains well protected by a moderate payout ratio of 56.2 %.
This makes the share particularly suitable for investors who value reliability and long-term stable dividend development. With an average dividend growth of 9.55 % over five years, Siemens shows a considerable increase in payouts.
However, only moderate growth of 2.88 % is expected for 2026. This could be attractive for investors who are looking for continuous, quality-assured returns rather than short-term momentum.
| Key figure | Value¹ |
|---|---|
| Current dividend yield | 2,14 % |
| Ø dividend yield 12 months | 2,30 % |
| Distribution month | february |
| Payout ratio on the profit | 56,2 % |
| Ø 5-year growth | 9,55 % |
| Forecast dividend growth in 2026 | 2,88 % |
Future prospects for Siemens
Siemens has solid growth prospects: After sales of €82 billion in 2025, sales are expected to rise to €86 billion in 2026 and to around €89.36 billion in 2027. This represents an increase of around 9 % in two years.
The main drivers are the Digital Industries and Smart Infrastructure divisions, which are benefiting from automation, AI and energy efficiency trends. This sales growth strengthens the earnings base and enables further dividend increases and stable capital returns. ²
3 Iberdrola: Global pioneer for green energy
Iberdrola SA (ISIN: ES0144580Y14) is one of the largest energy suppliers in the world and has its Head office in Bilbao, Spain. The company is active in over 40 countries and supplies more than 30 million customers with electricity. Iberdrola is active in the generation, distribution and sale of energy and focuses on renewable energies, grid infrastructure and customer-oriented solutions.
Special features of the business model and moat
Iberdrola combines generation, grid operation and end customer business in an integrated model. This vertical structure creates economies of scale, stable, regulation-supported cash flows and makes it possible to leverage added value along the entire value chain.
- Leading position in renewable energies (especially wind and solar energy) with a globally distributed asset base.
- Integrated value creation: from generation and grid infrastructure to tariff and energy solutions for over 30 million customers.
- High predictability of income due to regulated grids and long-term purchase agreements in many markets.
Long-term investments worth billions in wind farms, solar farms and grid infrastructure lead to high barriers to entry because the capital requirements, regulatory complexity and technical expertise are considerable.
At the same time, Iberdrola is pursuing a strategy clearly geared towards sustainability with the continuous expansion of renewable capacities and ambitious CO₂ reduction targets, positioning the company as a reliable partner for the energy transition.
- Decades-long project durations and approval processes make it difficult for imitators to enter the market quickly.
- Strongly anchored in regulation and energy policy in key countries secures its role as a systemically relevant supplier.
- Ongoing projects in hydrogen, smart grids and electromobility are opening up additional growth areas.
Through its international presence, partnerships and acquisitions, Iberdrola can take advantage of regional opportunities and better diversify country-specific regulatory risks. For investors, this creates a profile of scaled green electricity business, predictable grid income and attractive upside in future topics such as hydrogen, smart grids and electromobility.
Dividend profile in detail
Iberdrola's current dividend yield of 3.44 % is slightly below the 12-month average of 3.79 %, but remains attractive. With a payout ratio of 77.1 %, a large part of the profit goes to the shareholders, which makes the company particularly interesting for investors looking for regular and predictable income.
The average dividend growth of 12.04 % over five years shows a strong and continuous increase. Exceptionally high growth of 73.17 % is forecast for 2026. This is a clearly positive signal for investors looking for above-average earnings growth combined with a solid dividend base.
| Key figure | Value¹ |
|---|---|
| Current dividend yield | 3,44 % |
| Ø dividend yield 12 months | 3,79 % |
| Distribution months | February, July |
| Payout ratio on the profit | 77,1 % |
| Ø 5-year growth | 12,04 % |
| Forecast dividend growth in 2026 | 73,17 % |
Future prospects for Iberdrola
The future prospects for the Iberdrola share are solid and moderately high-growth. The sales forecasts are +1.1 % for 2026 and +5.1 % for 2027 (cumulative +6.1 %). This growth creates a buffer for dividend increases.
The dividend has grown for 8 years in a row and will probably also be increased in 2026. Overall, this results in a defensive quality profile with a reliable payout.²
4 British American Tobacco: Global tobacco giant in transition
British American Tobacco (BAT) (ISIN: GB0002875804) is one of the largest tobacco manufacturers in the world and markets well-known brands such as Lucky Strike, Pall Mall, Camel, Newport and Kent. The company has since developed into a global group with around 55,000 employees and a presence in over 180 countries.
Special features of the business model and moat
BAT's core business continues to be based on high-margin, combustible tobacco products: Cheaply purchased tobacco leaf is processed into cigarettes in highly automated factories, which enables extremely low unit costs and very high profitability. This robust cash flow base finances dividends, marketing budgets and the expansion of new product categories.
- Oligopolistic world market with a few large global corporations (including Philip Morris, Japan Tobacco, Imperial Brands), which supports structurally high pricing power.
- Strong brands such as Lucky Strike, Pall Mall, Camel, Newport and Kent have been established in many markets for decades.
- Global production and sales network with a presence in over 180 countries scales costs and ensures broad market coverage.
At the same time, BAT is building up a second pillar in the non-combustible products segment (Vapour, Tobacco Heating, Modern Oral and Traditional Oral), which is in some cases more favorably positioned from a regulatory perspective and should serve as a future source of income.
The moat here is fed by global brand awareness, a globally scaled distribution and production network, high regulatory barriers for new entrants and enormous marketing investments.
At the same time, BAT remains clearly exposed to the structural risks of the industry: Cigarette consumption is declining in many countries, regulation and taxes are increasing, and social pressure on tobacco companies remains high.
For investors, this tends to result in a defensive value profile with very high current cash flows, but limited structural growth and significant reputational and regulatory risks.
Dividend profile in detail
The British American Tobacco share is convincing with a high dividend yield of 5.21 % and a solid payout ratio of 66.2 %, which indicates a well-financed, sustainable dividend policy.
This makes it particularly suitable for income-oriented investors who value stable, regular income.
The average dividend growth over the last five years is a moderate 2.69 %, which underlines the consistent, conservative distribution policy. A slight increase of 4.17 % is expected for 2026. This could be very attractive for investors who a high dividend yield with cautious growth.
| Key figure | Value¹ |
|---|---|
| Dividend last 12 months | 2.77 € per share |
| Current dividend yield | 5,21 % |
| Distribution months | February, May, August, November |
| Payout ratio on the profit | 66,2 % |
| Ø 5-year growth | 2,69 % |
| Forecast dividend growth in 2026 | 4,17 % |
Future prospects for British American Tobacco
The future prospects for British American Tobacco shares are solid and moderately high-growth. The sales forecasts for 2026 are +1.8 % and for 2027 +2.3 % (cumulative +4.1 %). This growth creates a buffer for dividend increases.
British American Tobacco uses global diversification for broader earnings and benefits from the stable GBP currency. The dividend has grown for 27 years and remained stable for 27 years. These past values are likely to continue in the future. Overall, the result is a defensive quality profile with a reliable payout.²
5 Procter & Gamble: Global brand giant in everyday life
Procter & Gamble (P&G) (ISIN: US7427181091) is one of the leading companies in the consumer goods industry and has been on the market since the 19th century; the company was founded in 1837.
P&G sells a wide range of branded products worldwide in areas such as personal care, household cleaning and health and has dozens of internationally recognized individual brands, including Pampers, Gillette, Ariel, Tide, Pantene, Head & Shoulders and Oral B.
The business model is based on the development, production and global marketing of these branded products as well as consistent brand management with high investments in research, development and marketing. Thanks to its diversified portfolio, a strong balance sheet and stable sales growth with solid margins, P&G benefits from the constant demand for everyday products, even in economically weaker phases.
Special features of the business model and moat
P&G has a pronounced moat consisting of the global strength of its brands, high pricing power and an extremely efficient distribution and logistics infrastructure in almost all relevant sales channels.
Economies of scale in purchasing and production, strong negotiating power with retailers and brand trust built up over decades make it very difficult for competitors to achieve comparable market positions.
- Leading global brands such as Pampers, Gillette, Ariel, Tide, Pantene and Oral-B secure top positions in many categories.
- Economies of scale in procurement, marketing and production reduce unit costs and at the same time enable high advertising investments.
- Broad distribution from traditional brick-and-mortar retailers to online and omnichannel platforms.
The consistent focus on the most profitable core brands and the simultaneous disposal of peripheral business areas raises average margins and improves the return on capital.
Continuous product innovations, the expansion of digital sales channels such as e-commerce and the focus on sustainability and social responsibility ensure the relevance of the brands compared to private labels and new market players.
P&G thus combines a defensively stable demand base for everyday consumer products with structural competitive advantages that enable long-term predictable cash flows, increasing profitability and attractive distributions to shareholders.
Dividend profile in detail
With a current dividend yield of 2.66 % and a stable payout ratio of 61.4 %, Procter & Gamble shares offer a reliable source of income. With over 70 years of dividend continuity, it is particularly suitable for investors looking for long-term stability and predictable income.
With average dividend growth of 6.08 % over five years, the company shows solid earnings growth. Moderate growth of 4.41 % is expected for 2026, which could make the share attractive to investors who value a balance between security and continuous growth.
| Key figure | Value¹ |
|---|---|
| Current dividend yield | 2,66 % |
| Ø dividend yield 12 months | 2,63 % |
| Distribution months | February, May, August, November |
| Payout ratio on the profit | 61,4 % |
| Ø 5-year growth | 6,08 % |
| Forecast dividend growth in 2026 | 4,41 % |
Future prospects for Procter & Gamble
The future prospects for the Procter & Gamble share are solid and moderately high-growth. The sales forecasts for 2026 are +6.2 % and for 2027: +3.1 % (cumulative +9.5 %). This growth creates a buffer for dividend increases.
Procter & Gamble benefits from ever broader global diversification. The dividend has been increased for 70 consecutive years. This streak is likely to continue in the future. Overall, the stock presents itself as a defensive quality share with a reliable distribution history.²
Yield leverage through dividend growth: How to increase your personal dividend yield
Many investors focus primarily on the current dividend yield when selecting their stocks. For you as a long-term investor, however, another key figure is of crucial importance: the Yield on cost (YOC) - i.e. the dividend yield in relation to your original capital investment.
While the general market yield for new buyers can fluctuate, you can secure an exponentially growing cash flow on your purchase price through continuous dividend increases.
The dynamics of yield on cost at a glance
Let's assume you make a one-off investment 1.000 € into a quality share with an initial dividend yield of 3 %. The company pursues a solid dividend policy and increases the dividend annually by an average of 7 %.
Without having to invest further capital, your personal return will develop as follows:
| Holding period | Annual dividend | Personal return (yield on cost) |
|---|---|---|
| Year 1 | 30,00€ | 3,00% |
| Year 5 | 39,32 € | 3,93 % |
| Year 10 | 55,15 € | 5,52 % |
| Year 15 | 77,35 € | 7,74 % |
| Year 20 | 108,49 € | 10,85 % |
As you can see, your personal return has more than tripled after 20 years. While the market may still be trading at 3 % for new entrants, your capital is already generating a double-digit return per year. Why dividend growth is your most important ally:
- Protection against loss of purchasing power: Quality companies often increase their dividends above the inflation rate. This means that your passive income remains stable in real terms or even grows.
- Psychological advantage: A high yield on cost ensures calmness in the event of market fluctuations. If your investment already delivers 10 % cash flow per year, short-term price corrections lose their terror.
What CapTrader can do
At CapTrader, the trading fees are extremely low: you can trade US shares from as little as $ 0.01 per share (order minimum $ 2.00) and German shares from as little as 0.1 % of the order volume (order minimum €2.00), options from €2.00, futures from €1.00, ETFs from €2.00 and much more!
Conclusion: 5 exciting dividend stocks in February 2026
In February 2026, dividend shares will remain a key building block for investors who want to invest in stable Cash flows and do not want to do without solid business models. Particularly interesting for income strategies are:
- Higher profitable TitleBritish American Tobacco and Iberdrola offer attractive dividend yields and in some cases strong dividend growth.
- Quality values mit Stability focusProcter & Gamble, Siemens and Singapore Exchange impress with their consistent dividends, strong market position and high cash flow quality.
It remains crucial to place each position in its own strategic context and to consider dividends not in isolation, but always in conjunction with the valuation and profitability of the business.
List of sources:
(1) Source: Aktienfinder from 08.02.26
(2) Source: Marketscreener from 08.02.26
