Happy Monday,

It’s Zach here with another weekly investing update for you!

The core goal remains the same: buying high-quality, cash-flowing businesses that regularly pay growing dividends. Today, I’m breaking down the 2 high-yield dividend stocks I'm buying in August, followed by 5 dividend growth stocks that are historically cheap.

Today’s Topics:

The Key Story

2 High-Yield Dividend Stocks I'm Buying in August

📊 Research HESM: DividendData.com/stocks/hesm

📊 Research MPLX: DividendData.com/stocks/mplx

It is officially dividend payday!

On August 14th, I received $2,364 in dividends, and every single dollar is being reinvested to buy more shares.

Ticker

Forward Yield

3-Year Dividend CAGR

Total Return (Since 2025)

Tax Form

7.87%

9.5%

+25%

1099-DIV

7.18%

11.6%

+31%

K-1

Why keep buying near all-time highs? Both stocks offer a rare combination of 7%+ forward yield and high single- to double-digit dividend growth.

  • HESM offers a 7.87% yield, raises its payment every quarter, and management guides for at least 5% annual dividend growth. Using a Dividend Discount Model (DDM) with a conservative 5% dividend growth assumption and a 10% required return, HESM shows an intrinsic value of $49.92 (~24.5% upside).

  • MPLX trades at a 7.18% yield, backed by management targeting 12.5% dividend growth this year and next. A conservative DDM model with 5% long-term growth yields an intrinsic value of $68.00 (~13.6% upside).

Reinvesting these payouts creates a massive compounding snowball—adding over $46/year in brand new forward income without adding a single dollar of fresh capital.

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Stock Analysis

5 Historically Cheap Dividend Growth Stocks

I screened my watchlist for high-growth dividend stocks trading above their 90th percentile 5-year dividend yield.

Here are 5 names trading near historic low valuations:

  • Intuit ($INTU): Trades at a 1.43% yield (96th percentile over 5 years, 99th all-time). Dividend has grown at a 14.87% CAGR over 10 years with a sustainable ~19.5% FCF payout ratio. Caught in the SaaS sell-off, it trades at its cheapest forward P/E in history.

  • Rollins ($ROL): Down 43% from all-time highs, bringing the forward yield to 1.97%—its highest ever going back to 2007. Features a 10-year dividend CAGR of 15.17% and a low ~50% FCF payout ratio.

  • Salesforce ($CRM): Offers a 0.89% yield with an ultra-safe 11% FCF payout ratio. Free cash flow grew 15.9% year-over-year to $14.66B, with $37.2B returned via buybacks over the TTM.

  • Tractor Supply Co. ($TSCO): Yields 2.72% (94th percentile 5-year yield). While recent dividend growth has slowed to single digits, it trades near its lowest 10-year valuation multiple.

  • Domino's Pizza ($DPZ): Trades at a 2.23% yield (94th percentile 5-year yield) after a 30% drop over the past 5 years. Boasts an 18% 10-year dividend CAGR with a safe ~35% FCF payout ratio.

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– Zach
Founder, Dividend Data

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Disclaimer: Dividend Dividend (Dividend Data LLC) is not a professional financial service. All materials released from Dividend Data (Dividend Data LLC) are for educational and entertainment purposes. Dividend Data (Dividend Data LLC) is not a replacement for a professional's opinion. Contributors to the Dividend Data (Dividend Data LLC) might have equities mentioned in the newsletter