October is considered by many investors to be a particularly exciting month for dividend payments. For those seeking passive income, there are again many promising candidates in the portfolio this month.
In our current overview, we present five selected dividend stocks that will pay out dividends in October. In doing so, we do not solely focus on the level of the dividend yield: We carefully examine the companies’ financial stability and their long-term growth prospects.
The most important facts in brief:
- Dividend yields of up to 4.69 % and projected dividend growth of up to 45.00 % for 2026.
- Five international leaders from industries such as beverages, infrastructure, dental technology, real estate and climate technology.
- Only bonds with a % dividend yield of over 3.00, a positive growth outlook and several annual dividend dates.
These 5 interesting dividend stocks will pay dividends in October 2026
For our selection, we have set clear quality criteria. Only titles with an expected audience were taken into account. Dividend yield of at least 3 %, an average 5-year growth of at least 7 per year, % and a projected dividend increase of at least 4 % for 2026.
In addition, companies must pay out at least twice a year to allow you regular payment inflows.
These key figures serve as a first guide, but do not replace the examination of the specific business model and your personal investment strategy. A well-informed decision always requires looking at fundamental metrics such as operational cash flow or the continuity of past performance. Dividendenhistorie.
To trade these stocks, you need a corresponding securities account. How to open a securities account step by step and benefit from attractive conditions, Learn more in the CapTrader Guide.
1. Coca-Cola FEMSA: The world's largest independent cola distributor
Coca-Cola FEMSA (ISIN: US1912411089) is a major player in the global beverage industry. As a leading franchisor and the world’s largest independent distributor of Coca-Cola products, the Mexican company supplies hundreds of millions of consumers in Latin America with refreshing beverages, juices, water, and sports and energy drinks.
The operating business extends to strategically important markets such as Mexico, Brazil, Colombia, Argentina, and other countries in Central and South America. In addition to the iconic core brand Coca-Cola, the distribution network includes other successful brands such as Fanta, Sprite, Del Valle, and Monster Energy.
Coca-Cola FEMSA is responsible for the entire downstream process: from the bottling of the concentrate to logistics and the placement of the product on supermarket shelves and in kiosks.
Through this close partnership with Coca-Cola, the company benefits directly from the US parent company’s global marketing and combines its brand strength with its own local distribution power.
Special features of the business model and moat
Coca-Cola FEMSA’s strength is based on an infrastructure deeply rooted in the market that is virtually impenetrable for new competitors.
- Exclusive license rights and brand strengthThe company holds exclusive territorial rights to the production and distribution of Coca-Cola beverages. This ensures a monopoly-like position in the respective distribution area for some of the most valuable consumer goods brands in the world.
- Huge logistics and distribution networkWith over two million sales outlets and a dense network of bottling plants and delivery centers, Coca-Cola FEMSA has an unparalleled presence in Latin America. Even remote regions are efficiently supplied, which creates enormous advantages in terms of scale.
- Crisis-resistant consumer behaviorSoft drinks are among the goods of daily necessity. Demand remains stable even in economically weaker periods, which provides the company with reliable revenue and predictable cash flows.
Despite its resilient business model, the Group is subject to certain uncertainties. Currency fluctuations in its target Latin American markets, regulatory regulatory initiatives such as sugar taxes, and fluctuating raw material prices for plastics and aluminum can temporarily curb profit margins.
Dividend profile in detail
The company currently offers a dividend yield of 3.58 % (12-month average: 3.93 %) with a payout ratio of 69.8% % of earnings. Payments are made four times a year (May, July, October and December).
Historically, there has been strong 5-year growth of 12.75 % per year, while another dividend growth of 6.14 is % forecast for 2026.
| Key figure | Value¹ |
| Current dividend yield | 3,58 % |
| Ø dividend yield 12 months | 3,93 % |
| Distribution months | May, July, October, December |
| Payout ratio on the profit | 69,8 % |
| 5-Year Growth | 12,75 % |
| Forecast dividend growth in 2026 | 6,14 % |
Future prospects for Coca-Cola FEMSA
Steady revenue growth is forecast for the years 2026 to 2028: After 17,545 million US dollars in 2026 (+3.44 %%), revenue rises to 18,946 million US dollars in 2027 (+7.98 %%), and finally exceeds the mark of 20 billion US dollars in 2028 with 20,153 million US dollars (+6.37 %).
2. Vinci: The European leader in infrastructure and concessions
The French company Vinci SA (ISIN: FR0000125486) is considered a major player in the construction, energy and infrastructure concession sectors. The company combines two profitable business segments under one roof: the operation of profitable transport infrastructure and the planning, construction and maintenance of modern large-scale projects.
The operating business is divided into highly profitable segments. These include Vinci Autoroutes, the largest toll highway operator in France, as well as Vinci Airports, one of the world’s leading private airport operators with locations in Europe, America and Asia. This portfolio is complemented by the construction segment Vinci Construction and the energy division Vinci Energies, which offers solutions for the energy transition, industrial plants and digital infrastructure.
Through its global presence, the company serves both government clients and millions of private customers daily. Its core business combines reliable revenue from long-term concession agreements with the dynamic project business of the construction and energy sectors.
Special features of the business model and moat
Vinci has a strong foundation protected by decades of licenses and physically irreplaceable assets.
- Predictable cash flows through long contract termsMotorways and airports are operated through exclusive concession agreements that often run for many decades. These agreements guarantee Vinci a monopolistic position at the respective transport hubs and ensure continuous profits.
- High hurdles for competitorsThe construction of new motorway lanes or international major airports requires enormous investment amounts, complex approval procedures, and immense technical expertise. Direct competition in the same location is practically impossible in practice.
- Inflation protection through price adjustment clausesIn many toll and lease agreements, mechanisms are in place that link fee increases to the inflation rate. If prices rise, Vinci adjusts the usage fees accordingly, ensuring the margin even in periods of higher inflation.
Although the business model is considered extremely stable, there are risks. A drastic decline in global travel or freight transport could weigh on revenues at airports and toll stations. Furthermore, future contract extensions depend heavily on political decisions and regulatory frameworks.
Dividend profile in detail
The company currently offers an attractive dividend yield of 4.69 % (12-month average: 3.99 %) with a moderate payout ratio of 59.00 % of earnings.
The dividends are paid twice a year in April and October. Historically, there has been strong 5-year growth of 15.03 % per year, while for 2026 another dividend growth of 6.32 is % forecast.
| Key figure | Value¹ |
| Current dividend yield | 4,69 % |
| Ø dividend yield 12 months | 3,99 % |
| Distribution months | April, October |
| Payout ratio on the profit | 59,00 % |
| 5-Year Growth | 15,03 % |
| Forecast dividend growth in 2026 | 6,32 % |
Future prospects for Vinci
For the Vinci share, steady revenue growth is forecast for the years 2026 to 2028: After 76,589 million € in 2026 (+2.67 %%), revenue rises to 79,082 million € in 2027 (+3.25 %%), and finally exceeds the 81 billion € mark in 2028 with 81,664 million € (+3.26 %%).
3. Modern Dental Group: The global specialist in dental prosthetics and dental technology
A radiant smile is in demand worldwide: This is exactly where Modern Dental Group Limited (ISIN: KYG618201092) has built a global empire. The Hong Kong-listed medical technology company is one of the leading international providers of custom-made dental prosthetics.
Whether crowns, bridges, implants, orthodontics or state-of-the-art invisible braces (Clear Aligner): The group supplies dentists, laboratories and clinics around the globe.
Unlike many purely regional dental laboratories, Modern Dental is extremely well-positioned. With well-known distribution brands such as Labocast in Europe, MicroDental in North America, and Modern Dental Laboratory in Asia, the group combines a dense network of manufacturing facilities and customer service centers.
The key to success lies in the intelligent interplay between digital shaping (3D scans) and cost-efficient, highly precise production. Thanks to demographic change and the growing demand for aesthetic dentistry, the company serves a market with built-in momentum.
Special features of the business model and moat
Modern Dental distinguishes itself from the fragmented market of dental laboratories through a combination of scaling effects and close customer engagement.
- High barriers to switching dentistsFor practices, dental replacement solutions primarily rely on precision fit, speed, and a smooth service experience. Once a dentist has become accustomed to the digital interface and the quality of Modern Dental, they are very reluctant to switch labor partners. This ensures reliable repeat orders.
- Cost advantage through global logistics and digitalizationWhile small, local labs struggling with high personnel costs, Modern Dental utilizes digital data transmission and centralized manufacturing capabilities. These scale effects enable an attractive margin while maintaining competitive prices.
- Demographic boost and aesthetic trendThe aging population in industrialized nations creates a constantly high demand for crowns, bridges, and implants. At the same time, younger generations are increasingly willing to spend money on cosmetic treatments and corrective braces.
Despite its strong market position, the company is not completely risk-free. Since the stock is primarily traded in Hong Kong, geopolitical factors and currency fluctuations play a role. Additionally, rising commodity prices (such as for precious metals or specialty ceramics) and strong competitive pressure can temporarily weigh on margins in the short term.
Dividend profile in detail
The company currently offers a dividend yield of 3.85 % (12-month average: 3.55 %) with a conservative dividend payout ratio of 39.05 % of earnings. Payments are made twice annually in June and October.
Historically, there has been very strong five-year growth of 21.67 % per year, while a high dividend growth of 45.00 is % forecast for 2026.
| Key figure | Value¹ |
| Current dividend yield | 3,85 % |
| Ø dividend yield 12 months | 3,55 % |
| Distribution months | June, October |
| Payout ratio on the profit | 39,05 % |
| 5-Year Growth | 21,67 % |
| Forecast dividend growth in 2026 | 45,00 % |
Future prospects for Modern Dental Group
In 2025, sales² amounted to 3.74 billion HKD. No forecasts are currently available for the years 2026, 2027 and 2028.
4. Iron Mountain: Physical vaults and data centers
What began with high-security vaults for old paper files and confidential documents has evolved into a state-of-the-art data giant. Iron Mountain Incorporated (ISIN: US46284V1017) is a world leader in information management and archiving as an real estate investment trust (REIT).
Over 225,000 customers trust that the company keeps their most valuable documents, data, and physical assets securely stored.
Today, the business model rests on two key pillars: The traditional business includes the physical storage of documents, magnetic tapes, art objects, and their destruction. At the same time, management is pushing ahead with the transformation with great urgency:
Iron Mountain is rapidly expanding its network of data centers and offers companies tailored solutions for digital archiving and data security.
As a US REIT, the company is legally obligated to pay a large portion of its taxable profits directly as dividends to investors. This ensures regular and reliable payment streams for investors.
Special features of the business model and moat
Iron Mountain benefits from a level of customer loyalty and contractual structure that is rarely found in the capital market.
- Extremely high switching costsA company that has stored thousands of folders or data drives with Iron Mountain rarely changes providers. The logistical and financial cost of a move is enormous. Many files remain untouched in the shelves for decades and generate rental revenue month after month.
- Successful bridge into the digital worldInstead of being overwhelmed by the paperless office, Iron Mountain uses existing customer relationships to conclude contracts for data centers and cloud services. Those who have already entrusted their physical records to the company often also use its server capacities.
- Inflation-tolerant rental agreementsContracts usually include clauses for price adjustments. If operating costs or the general rate of inflation rise, Iron Mountain can increase prices within a certain range without customers leaving.
The rapid expansion in the data center sector consumes enormous amounts of capital. Iron Mountain operates with a relatively high debt burden, which makes the company more sensitive to persistently high interest rates. Although demand for pure paper storage is slowly declining in Western markets, it has so far been more than offset by higher prices and digital growth segments.
Dividend profile in detail
Iron Mountain companies currently offer a dividend yield of 3.09 % (12-month average: 3.06 %) with a payout ratio of 61.5% % of earnings. Payments are made four times a year in the months of January, April, July and October.
Historically, there has been solid 5-year growth of 7.66 % per year, while another dividend growth of 7.45 is % forecast for 2026.
| Key figure | Value¹ |
| Current dividend yield | 3,09 % |
| Ø dividend yield 12 months | 3,06 |
| Distribution months | January, April, July, October |
| Payout ratio on the profit | 61,5 % |
| 5-Year Growth | 7,66 % |
| Forecast dividend growth in 2026 | 7,45 % |
Future prospects for Iron Mountain
For the stock, steady revenue growth is forecast for the years 2026 to 2028: After 8,037 million US dollars in 2026 (+16.44 %%), revenue rises to 8,756 million US dollars in 2027 (+8.95 %%) and finally reaches 9,459 million US dollars in 2028 (+8.03 %%).
5. Watsco: Market leader in US climate and refrigeration technology
The US company Watsco Inc., with the ISIN: US9426222009, is the largest retailer and distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) technology in North America. What distinguishes Watsco from traditional industrial or retail companies is its excellent positioning in a stable niche market:
The business is primarily a replacement and repair market, driven significantly by non-deferrable replacement needs and outdated inventory systems.
The product portfolio includes a wide range of air conditioning devices, heat pumps, spare parts, as well as tools and accessories for professional tradespeople and climate technicians.
The group’s strategy has been based for decades on a proven double strategy: a consistent „buy-and-build“ strategy to acquire regional wholesalers, as well as continuous investments in the digitalization of the retail network.
Many investors value Watsco primarily for its reliable business model, its outstanding history of continuously increasing dividends, and its impressive return on capital over the long term.
Special features of the business model and moat
Watsco combines the size advantages of the North American market leader with strongly established local customer relationships.
- Fragmented marketThe North American HVAC market is highly fragmented. Watsco leverages its enormous purchasing power and logistical reach to secure better purchasing terms from manufacturers like Carrier and to keep products instantly available in closely connected stores.
- Digital pioneer of the industryWatsco developed its own e-commerce and app platforms early on for climate technicians and contractors. Tradespeople can view real-time inventory, place orders directly from the construction site, and retrieve technical documents, which significantly increases customer loyalty.
- Crisis-resistant Replacement businessA large part of the sales comes from the replacement and maintenance of existing residential and commercial buildings. If the air conditioning breaks down in the summer or the heating system fails in the winter, replacement must be procured immediately, which gives Watsco a high pricing power and weather- and economic-independent underlying demand.
However, the business model is closely linked to the US home market and regional consumer sentiment. Additionally, unusually mild weather during the summer months or short-term supply chain bottlenecks at individual manufacturers can temporarily dampen demand.
Dividend profile in detail
The company currently offers a dividend yield of 4.29 % (12-month average: 3.39 %). The dividends are paid quarterly in the months of January, April, July and October.
The historical 5-year growth is strong at 11.80 % per year, while a moderate dividend growth of 4.96 is % forecast for 2026. The payout ratio on earnings is above % average at 109.3, but according to estimates¹ in the coming years will again be below 100%.
| Key figure | Value¹ |
| Current dividend yield | 4,29 % |
| Ø dividend yield 12 months | 3,39 % |
| Distribution months | January, April, July, October |
| Payout ratio on the profit | 109,3 % |
| 5-Year Growth | 11,80 % |
| Forecast dividend growth in 2026 | 4,96 % |
Good to know:
In the short term, a payout ratio above 100 is % usually not a problem, as one-time effects or weaker quarters can be offset by cash reserves. In the long term, however, this situation is not sustainable, as more money flows in permanently than is generated.
Future prospects for Watsco
For the Watsco stock, steady revenue growth is forecast for the years 2026 to 2028: After 7,561 million US dollars in 2026 (+4.44 %), revenue rises to 8,002 million US dollars (+5.84 %) in 2027 and finally reaches 8,474 million US dollars (+5.89) in 2028 %.
The interest rate effect: This is how wealth grows over the years
One of the strongest drivers of wealth accumulation is the interest-income effect. The principle behind it is incredibly simple: Those who do not spend their earnings and dividends directly but reinvest them immediately ensure that from the next year onwards, these returns will generate new income as well. In this way, over time, not only the originally deposited money, but the entire accumulated capital will be reinvested.
Over the years, a snowball effect is created: The balance no longer grows in a rigid linear manner, but instead gains in dynamism noticeably with each year. Three levers play a significant role in determining success:
- The factor of timeThe earlier you start, the more time it takes for you to work towards your goal. Even modest monthly amounts can grow enormously over a 20- or 30-year horizon thanks to the long-term mindset.
- Persistence instead of one-time paymentIt doesn’t have to be a huge sum all at once. What’s much more important is to stay consistent. A monthly savings rate that fits comfortably into your own budget and is maintained over the years often yields significantly more than irregular spurts of effort.
- The power of earnings and dividendsEven just one or two percentage points more yield per year can make a huge difference in the end result over decades. If dividends are also automatically reinvested and grow over the years, this greatly accelerates the accumulation of wealth.
In the end, successful investing is not a sprint, but a marathon. Those who maintain composure, do not let short-term fluctuations in the markets throw them off course, and consistently follow their strategy lay the best foundation for a solid financial cushion.
Yield on Cost: Personal dividend yield increases
A favorite term among long-term dividend investors is the so-called yield on cost (in German: die Rendite auf den historischen Anschaffungswert). While the normal dividend yield in your portfolio fluctuates daily and always adjusts to the current stock price, the yield on cost looks back at the day of your purchase. It shows you how much percent of return your invested money generates today.
The nice thing about it: Once purchased and never sold again, this value can rise rapidly over the years.
A simple example illustrates the effect: Imagine you buy shares worth €1,000 that % yield a dividend of €3 in the first year. That’s exactly €30.
If the company then % increases its dividend by an average of 7 each year in the following years, your personal return on your initial investment will continue to grow continuously.
After a few years, you suddenly receive a return on the money you invested at the time, which newcomers can only dream about, even though you didn't buy a single share.
| 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 % |
After 20 years, your annual dividend would already be 108.49 euros in this scenario. Based on your original investment of 1,000 euros, that means your personal dividend yield has % climbed to a whopping 10.85. In practice, of course, this only works under one condition: The company must really increase its dividend payments over the years without resorting to drastic measures in between.
The yield-to-cost ratio is therefore primarily an excellent tool for looking back. It vividly illustrates how enormously the profitability of a stock can grow over the years.
An important difference for your purchasing decisions:
If you are considering investing fresh money in a stock today, the yield on cost from the past does not help you. For a new purchase, the current dividend yield is always important, as it is measured at the current stock price.
CapTrader can do that:
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: Top 5 Dividend Stocks in October 2026
October offers investors an exciting opportunity to strategically strengthen their portfolios with high-yield and crisis-resistant stocks. The five companies presented (Coca-Cola FEMSA, Vinci, Modern Dental Group, Iron Mountain and Watsco) combine solid business models, strong market positions and reliable dividend histories.
Whether a stable consumer goods giant, a margin-heavy infrastructure operator, a dental specialist, a data center REIT, or a leader in climate technology: Each of these companies brings its own advantages that can provide predictable cash flows and attractive returns in the long term.
Overall, these values form a strong foundation for dividend investors in October 2026, with Vinci achieving % the highest current dividend yield at 4.69 and Modern Dental Group taking % the top positions both in historical 5-year growth at 21.67 % per year and in projected dividend growth for 2026 at 45.00.
Nevertheless, as with any investment, careful consideration of personal risk tolerance, diversification, and current company valuations remains essential. A stock savings plan is ideal for regular savings rates in selected quality values such as Dividend Aristocrats investing. This flexible method also works, among other things, in AI shares, Gold Stocks, Automotive stocks, Consumer goods stocks or Crypto shares.
List of sources:
(1) Source: Aktienfinder from 12.10.26
(2) Source: Marketscreener from 10/13/26
