In times of geopolitical tensions and uncertain markets, investors are increasingly seeking stable returns. Dividend stocks are thus coming into focus as a reliable source of income.
Even in July 2026, it's worth looking at companies with solid business models, stable cash flows, and sustainable payouts. We present five stocks that combine these very qualities and pay dividends this month.
The most important facts in brief:
- Five solid companies (HOCHTIEF, Repsol, Mondelez, Enel, and Bank OZK) that will distribute earnings to their shareholders in July are presented.
- The selected stocks impress with crisis-proof business models, strong market positions, and dynamic dividend growth.
- Enel offers the highest current dividend yield (4.81 %), while HOCHTIEF has the highest projected dividend growth for 2026 (26.2 %).
These 5 Interesting Dividend Stocks Pay in July 2026
July is traditionally considered a quieter dividend month, as relatively few companies make their distributions during this time. This makes a closer look at five selected dividend stocks all the more exciting, which, despite the limited selection, impress with stable business models, solid finances, and a reliable Dividendenhistorie convince.
All five stocks meet clear quality criteria: a dividend yield of at least 1.5 %, an average dividend growth rate of at least 5 % over the past five years, and a payout ratio of no more than 75 %. As a result, they combine attractive returns with a fundamentally sound dividend policy.
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1. HOCHTIEF: The global infrastructure company from Germany
HOCHTIEF Aktiengesellschaft (ISIN: DE0006070006) is one of the world's leading construction and infrastructure groups, headquartered in Essen, North Rhine-Westphalia.
The company develops, plans, builds, and operates complex infrastructure projects worldwide, playing a central role in the global construction industry.
In addition to classic civil engineering and building construction, HOCHTIEF is strongly positioned in international projects through subsidiaries such as Turner and CIMIC, enabling broad geographic diversification.
In addition, the Group is consistently expanding its position in promising high-tech fields such as data centers, energy transition projects, social infrastructure, and the digitization of construction processes.
Special features of the business model and moat
The MDAX stock benefits from decades of project expertise, an excellent global network, and high technological competence in complex large-scale projects. The combination of a strong international presence and state-of-the-art digital planning tools (such as Building Information Modeling) secures HOCHTIEF sustainable competitive advantages.
Since infrastructure investments and government construction programs are often long-term in nature, HOCHTIEF has proven to be relatively resilient to short-term economic fluctuations.
In economically challenging times, the company benefits from government-funded transformation projects in the energy, rail, and digitalization sectors.
- Strengths of the Business Model: Through its multi-brand strategy, which includes strong regional pillars (such as Turner in the U.S. or CIMIC in Australia), HOCHTIEF secures access to local markets while maintaining global financial strength.
- High barriers to entry: Managing multi-billion projects in tunnel or bridge construction requires extensive technical expertise, decades of experience, and a high degree of financial trust on the part of the clients.
- Focus on Growth Markets: HOCHTIEF is increasingly focusing on high-margin specialty areas such as the construction of semiconductor factories, battery plants, and green energy infrastructure.
Compared to more regional competitors, HOCHTIEF stands out due to its enormous size, global reach, and disciplined risk selection in project acquisition.
The combination of proven construction expertise and a clear focus on future-oriented technology sectors creates a solid and broadly diversified revenue base.
Dividend profile in detail
The dividend profile shows a solid and consistent payout with a current yield of 1.46 % (12-month average: 1.75 %) and an annual payment in July.
With a payout ratio of 62.9 %, the payments are well covered by earnings. Particularly noteworthy are the stable dividend growth averaging 12.98 % over five years, as well as a strong projected increase of 26.2 % for 2026.
| Key figure | Value¹ |
| Current dividend yield | 1,46 % |
| Ø dividend yield 12 months | 1,75 % |
| Distribution months | July |
| Payout ratio on the profit | 62,9 % |
| 5-Year Growth | 12,98 % |
| Forecast dividend growth in 2026 | 26,2 % |
Outlook for HOCHTIEF
HOCHTIEF's revenue is expected² to rise from €38,236 million in 2025 to €43,290 million in 2026, an increase of approximately 13.22 %.
A further increase to €48,498 million is expected for 2027, representing an increase of approximately 12.03 % compared to 2026. This points to stable and steady growth for the company.
2. Repsol: The integrated multi-energy company from Spain
Repsol S.A. (ISIN: ES0173516115) is one of Europe's leading energy companies, headquartered in Madrid, Spain.
The company is active across the entire oil and gas value chain (from exploration and production to refining and distribution) and plays a key role in Europe's energy supply.
In addition to its traditional oil and gas business, Repsol is systematically transforming itself into a diversified multi-energy company. The company is massively expanding its capacity in the renewable energy sector, such as wind and solar power.
In addition, the dividend stock is resolutely expanding its presence in forward-looking fields such as green hydrogen, second-generation biofuels, and the expansion of electric vehicle charging stations.
Special features of the business model and moat
The Spanish Blue-chip stock has a strong competitive advantage, based in particular on state-of-the-art, integrated refineries on the Iberian Peninsula and a dense, well-established network of gas stations in Spain and Portugal. This physical infrastructure enables extremely efficient operations and a strong market position.
Thanks to its vertical integration, Repsol has proven to be resilient in the face of extreme fluctuations in the energy market. When crude oil prices fall, the Group’s earnings are often supported by solid margins from its chemicals and refining businesses (downstream) as well as its stable retail business.
- Strengths of the Business ModelThe combination of classic energy generation and the rapid expansion of low-emission technologies ensures the Group's long-term relevance in the course of global decarbonization.
- High barriers to entry: The operation of large-scale refineries, complex petrochemical plants, and global logistics chains requires immense capital investment and strict regulatory approvals.
- Decarbonization as a Growth Area: Repsol is firmly committed to the circular economy and biofuels in order to become a net-zero emissions company by 2050 and tap into new, high-margin markets.
Compared to companies that focus solely on oil production, Repsol offers a significantly more balanced risk profile thanks to its diversified portfolio as an electricity and natural gas provider and a pioneer in green hydrogen.
The combination of a resilient core business and forward-looking green energy projects creates a stable and future-proof revenue base.
Dividend profile in detail
With a current yield of 4.33 % (which averaged as high as 5.66 % over the past 12 months), the dividend profile stands out thanks to an attractive payout, which is distributed in January and July.
The fact that the company pays out only 40.7 % of its profits—despite a rapid average dividend growth rate of 34.32 % over the past five years—underscores its financial discipline. For 2026, the forecast—which calls for an increase of 7.14 %—suggests that this solid growth trajectory will continue.
| Key figure | Value¹ |
| Current dividend yield | 4,33 % |
| Ø dividend yield 12 months | 5,66 % |
| Distribution months | January, July |
| Payout ratio on the profit | 40,7 % |
| 5-Year Growth | 34,32 % |
| Forecast dividend growth in 2026 | 7,14 % |
Future prospects for Repsol
Repsol's revenue is expected² to rise from €57,218 million in 2025 to €73,528 million in 2026, an increase of approximately 28.51 %.
Revenue is expected to decline to €63,577 million in 2027, representing a decrease of approximately 13.53 % compared to 2026. This points to noticeable market volatility or a temporary consolidation phase following the strong growth year of 2026.
3. Mondelez: The Global Snack Giant from the USA
Mondelez International, Inc. (ISIN: US6092071058) is one of the world's leading food companies, headquartered in Chicago, Illinois.
The company produces and markets popular snack and confectionery brands worldwide, holding an absolute top position in the global confectionery market.
In addition to its core business with well-known brands such as Milka, Oreo, Toblerone, and Ritz, Mondelez manages its global business through highly efficient supply chains, enabling the company to grow very profitably and organically.
In addition, the consumer goods giant is consistently expanding its position in future-oriented areas such as healthier snack alternatives, the expansion of digital sales channels, and e-commerce.
Special features of the business model and moat
The company scores with its enormous brand strength, long-term customer relationships with global retailers, and a seamless global distribution infrastructure.
World-renowned everyday brands and optimized production processes enable consistent margins and sustainable competitive advantages.
Mondelez is considered particularly robust against economic fluctuations and inflation. Since snacks and confectionery are small everyday luxuries, consumers generally remain loyal to their favorite brands even in economically weaker times.
In addition, the company has extremely high pricing power, allowing it to pass increased raw material costs directly on to the market.
- Strengths of the Business ModelThe portfolio focuses on high-margin categories such as chocolate and biscuits, which are less susceptible to the trend towards no-name products than classic staples.
- High barriers to entryA new competitor would have to spend billions to build similar brand awareness and a global presence on supermarket shelves in over 150 countries.
- Economies of scale in purchasingAs one of the world's largest buyers of cocoa and sugar, Mondelez controls enormous volumes, ensuring noticeable cost advantages in production.
Compared to more broadly diversified competitors like Nestlé or Unilever, Mondelez scores points through its clear focus on the high-margin snack division and very disciplined capital allocation.
The combination of crisis-resistant iconic brands, global reach, and continuous product innovation creates an extremely solid earnings base.
Dividend profile in detail
For income-oriented investors, the dividend profile—with quarterly payouts in January, April, July, and October—is particularly attractive. The current yield stands at a solid 3.32 %, which is close to the 12-month average of 3.25 %.
With a payout ratio of 71.4 %, a large portion of the profits is distributed directly to shareholders. At the same time, historical data shows reliable growth averaging 10.08 % over five years, which is expected to continue steadily in 2026 with a projected increase of 6.7 %.
| Key figure | Value¹ |
| Current dividend yield | 3,32 % |
| Ø dividend yield 12 months | 3,25 % |
| Distribution months | January, April, July, October |
| Payout ratio on the profit | 71,4 % |
| 5-Year Growth | 10,08 % |
| Forecast dividend growth in 2026 | 6,7 % |
Outlook for Mondelez
Mondelez's revenue is expected² to rise from 38,537 million U.S. dollars in 2025 to 39,910 million U.S. dollars in 2026, an increase of approximately 3.56 %.
A further increase to 41,073 million U.S. dollars is expected for 2027, representing an increase of approximately 2.91 % compared to 2026. This points to moderate but steady and stable growth for the company.
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4. Enel: The Green Giant and Utility Champion from Italy
Enel S.p.A. (ISIN: IT0003128367) is one of the world's leading energy companies, headquartered in Rome, Italy.
The company generates, distributes, and transmits electricity and gas across multiple continents, playing a leading role in sustainable energy supply.
In addition to operating modern power grids, Enel, through its subsidiaries, is one of the largest private players in renewable energy worldwide. This ensures reliable returns in the regulated market.
In addition, the Southern European utility giant is consistently expanding its position in future fields such as the digitalization of power grids, smart charging infrastructure for e-mobility, and innovative energy storage solutions.
Special features of the business model and moat
The European stock possesses significant competitive advantages, primarily based on its enormous physical infrastructure, millions of direct customer connections, and state-regulated network monopolies. The combination of stable network infrastructure and the rapid expansion of green energy sources secures a strong moat for Enel.
As a classic utility company, Enel is considered particularly robust against economic fluctuations.
Since electricity and heat are essential basic services, demand for the Group’s services remains virtually unchanged even during economically challenging times. This ensures crisis-resistant and predictable revenue.
- Strengths of the Business ModelThe high proportion of regulated grid businesses provides stable, government-guaranteed returns that are largely independent of current economic fluctuations.
- High barriers to entry: Building a competing, nationwide power grid is practically impossible, both economically and from a regulatory standpoint. This effectively protects Enel's market share.
- Economies of scale in green electricity: As one of the world's largest operators of wind and solar farms, Enel benefits from enormous cost advantages in the construction and operation of new facilities.
Compared to smaller, regional municipal utilities or pure green energy developers, Enel excels due to its gigantic financial power, global diversification, and excellent risk management.
The synergy of regulated network revenues and market leadership in the energy transition creates a very robust earnings base.
Dividend profile in detail
This dividend profile is characterized by an above-average dividend yield and reliable semi-annual payments (January and July). The current yield stands at 4.81 % (12-month average: 5.31 %).
With a payout ratio of 74.8 %, a large portion of the profits flows directly to investors. The historical 5-year growth rate of 7.27 % per annum underscores the stable dividend track record, which, according to the forecast for 2026, is expected to continue growing steadily at a rate of 4.26 %.
| Key figure | Value¹ |
| Current dividend yield | 4,81 % |
| Ø dividend yield 12 months | 5,31 % |
| Distribution months | January, July |
| Payout ratio on the profit | 74,8 % |
| 5-Year Growth | 7,27 % |
| Forecast dividend growth in 2026 | 4,26 % |
Future prospects for Enel
The energy company Enel is projected to see a steady increase in revenue². Starting at €80,346 million in 2025, revenue is expected to rise by approximately 3.3 % to €82,997 million in 2026.
For 2027, further—albeit somewhat moderate—growth is expected, with an anticipated increase of approximately 1.54 % to 84,276 million U.S. dollars.
5. Bank OZK: The US-based real estate specialist financier
OZK Bank (ISIN: US06417N1037) is one of the leading regional banks in the United States, headquartered in Little Rock, Arkansas.
The company operates a traditional branch-based business in the southeastern United States; however, it has established itself as the undisputed national market leader in highly complex construction and real estate financing, primarily through its specialized division, the „Real Estate Specialties Group“ (RESG).
In addition to traditional deposit and lending business, Bank OZK is growing by originating prime-secured major projects in economically strong locations.
In addition, the credit institution is consistently expanding its digital banking services, asset management, and its presence in high-income growth regions.
Special features of the business model and moat
This U.S. financial stock enjoys a strong moat, based primarily on its unique underwriting expertise and its reputation as a reliable partner for the largest real estate developers in the U.S.
The combination of strict risk management and deep expertise in large projects secures Bank OZK sustainable competitive advantages and above-average margins.
Although the real estate industry is cyclical, Bank OZK is considered particularly resilient to crises. This is due to its conservative lending practices: the institution typically finances only a fraction of the total project value (low loan-to-value) and always secures the first position in the land register.
Even during market corrections, the bank's capital is exceptionally well protected.
- Strengths of the Business ModelThe RESG model allows the bank to issue highly profitable loans, while the regional branches in the Southeast ensure favorable and stable refinancing through customer deposits.
- High barriers to entryThe structuring and management of large commercial construction projects in the hundreds of millions range require specialized teams and decades of experience that smaller regional banks cannot provide.
- Excellent credit qualityHistorically, Bank OZK has recorded one of the lowest default rates in the entire US banking industry, as it focuses on prime locations and financially strong project partners.
Compared to typical US regional banks, Bank OZK scores with a far superior net interest margin, an extremely efficient cost structure (low efficiency ratio), and disciplined capital allocation.
The combination of defensive lending, a strong deposit business, and clear market leadership in a highly profitable niche creates an extremely robust earnings base.
Dividend profile in detail
The dividend profile stands out thanks to its excellent fundamentals: With a current yield of 3.68 % (nearly identical to the 12-month average of 3.66 %), the company pays out only 30.3 % of its profits.
This extremely low rate leaves plenty of room for future increases and provides ideal coverage for the quarterly payments in January, April, July, and October. The strong 5-year growth average of 12.44 % and the promising forecast of a 9.2 % increase for 2026 demonstrate that there is still significant momentum here.
| Key figure | Value¹ |
| Current dividend yield | 3,68 % |
| Ø dividend yield 12 months | 3,66 % |
| Distribution months | January, April, July, October |
| Payout ratio on the profit | 30,3 % |
| 5-Year Growth | 12,44 % |
| Forecast dividend growth in 2026 | 9,2 % |
Future outlook for Bank OZK
Bank OZK's revenue is expected² to rise from 1,728 million U.S. dollars in 2025 to 1,750 million U.S. dollars in 2026, an increase of approximately 1.28 %.
A further increase to 1,855 million U.S. dollars is expected for 2027, representing an increase of approximately 5.97 % compared to 2026. This points to capable management and favorable market conditions.
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Why are dividend stocks so popular with investors?
Dividend shares are ideal for investors seeking stability and regular income. They offer a perfect blend: assets can grow long-term, and you directly benefit from the companies' success through dividends.
Attractive cash flows and predictable returns
A big advantage of dividend stocks is their predictability. Many corporations regularly share their profits with shareholders. Depending on the strategy and market, this happens monthly, quarterly, semi-annually, or once a year.
These payments are generally very stable and often even increase over the years. This brings you tangible advantages:
- Constant cash flowThe regular earnings secure a passive income for you, which is also excellent for retirement planning.
- Protection against stock market downturnsEven if the stock prices stagnate or fall, you will continue to receive your payouts.
- Composure during fluctuationsThe steady inflows help you calmly ride out volatile market phases.
Furthermore, a reliable dividend history usually shows that a company is financially strong, has a crisis-proof business model, and is well-managed.
If you are looking for more fundamentals on investing, we recommend our Beginner's Guide to Stocks.
The Compound Interest Effect: Your Strongest Leverage in Investing
Anyone who wants to successfully build wealth cannot ignore one of the most powerful mechanisms in the financial world, namely the power of compounding interest.
This principle ensures that your invested money grows at an ever-increasing rate over the years, entirely without your active involvement.
The key lies in a continuously reinforcing cycle. By reinvesting all profits directly back into the market, these returns begin to generate new profits themselves.
What may seem like small amounts at first gains enormous momentum in the long run, causing your capital to swell noticeably.
Why the compound interest effect is so powerful:
- Exponential growthSince the returns generated are reinvested and thus form the future basis for new earnings, the asset development does not proceed in a straight line. Instead, the curve shoots upward disproportionately over time, massively maximizing the end result.
- The factor of timeThe true power of the effect only becomes apparent over the years. The more time you give your portfolio, the more drastic the gains will be in the later stages. Therefore, starting promptly and having staying power are the best prerequisites.
- The Potential of RegularityYou don't have to have huge sums to start. Those who stay in the game and continuously invest even small amounts will accumulate a substantial fortune over the decades. The crucial factor here is iron discipline: never touch the payouts, but always reinvest them.
- Yield-Nuances with leverageEven minimal performance optimizations, for example through growing dividend income, have gigantic effects in the long run. What sounds like a few percentage points more per year can make a difference of many thousands of euros in the final asset balance.
Make full use of this mathematical advantage to achieve your financial goals. Combining strategic thinking, perseverance, and the necessary composure will lay the perfect foundation for a worry-free financial future.
Dividends as a Characteristic of Corporate Strength
Regular profit-sharing is much more than just a nice extra for investors. In the financial world, it is considered a reliable indicator of a company's economic health, its financial strength, and the high quality of its management.
Corporations that manage to generate solid returns over long periods and pass on a portion of them to their owners usually stand on an extremely secure foundation. They are characterized by a crisis-resistant business model and forward-looking management.
Behind such successes often lies shrewdly balanced financial management. Those responsible manage to coordinate investments in the future, debt reduction, and dividends in such a way that the expansion of the operation never jeopardizes financial security.
What characterizes reliable dividend payers?
- Calculable business developmentThe profits are steady, which ensures reliable and well-plannable cash flows.
- Reasonable payout ratioUsually, only 30 to 60 percent of profits are paid out. This keeps enough capital in the company's coffers to finance new ideas and continue expanding.
- Focus on the shareholdersThe orientation is characterized by consistency, long-term focus, and a deep sense of responsibility towards investors.
- Strong market positionThe companies mostly operate in defensive and therefore economically independent sectors such as the healthcare industry, energy supply, telecommunications, or in the consumer goods sector.
For you as an investor, consistently reliable or even continuously increasing dividends are a clear signal. They show you that a company is financially healthy, managed with foresight, and possesses high resilience even in challenging market phases.
Stocks in this category are therefore perfect for adding calming stability to your portfolio if you place great value on regular income and long-term security.
The Development of Yield on Cost Over Time
Let's assume you make a one-time investment of €1,000 in a security that initially yields a dividend yield of 3 %.
If this corporation increases its dividend by an average of 7 % each year based on a reliable dividend policy, something exciting happens:
Your very own return on your invested capital climbs higher year after year, without you ever having to inject your own money again.
| 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 % |
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Conclusion: Top 5 Dividend Stocks in July 2026
The selection for July 2026 clearly shows that dividend stocks are far more than just a defensive shield in turbulent market phases.
With a mix of global infrastructure giants like HOCHTIEF, multi-energy groups like Repsol, crisis-resistant consumer goods titans like Mondelez, and specialized financial and utility champions like Bank OZK and Enel, a highly diversified income stream can be built.
While Enel, with the highest current yield of 4.81 %, immediately generates strong cash flows, HOCHTIEF, with a projected dividend growth rate of over 26 % for 2026, underscores the tremendous momentum that can be found in quality stocks.
Along with a disciplined reinvestment of these distributions, investors optimally leverage the power of compounding, increasing their personal Yield on cost and lay the foundation for long-term wealth building.
List of sources:
Source: Aktienfinder of 07/14/2026
(2) Source: MarketScreener of 07/14/2026
