S&P 500 Dividend Weekly For the Week Ended 14-Jul-2026

Research evidence excerpt

S&P 500 Dividend Weekly For the Week Ended 14-Jul-2026

J P M O R G A N Global Markets Strategy

15 July 2026

S&P 500 Dividend Weekly

For the Week Ended 14-Jul-2026

• Recap: Over the past week, 15 S&P 500 members announced new dividends Global Equity Derivatives Strategy

AC in line with their previous payouts, seven announced hikes, and there were no Bram Kaplan, CFA

cuts or suspensions. (1-212) 272-1215

• Dividend News: bram.kaplan@jpmorgan.comJ.P. Morgan Securities LLC

Daniel Motoc, CFA

• GS declared a new dividend reflecting an 11% increase, in-line with its (1-212) 622-0105

post-CCAR guidance, and DUK raised its dividend by 2%. Additionally, daniel.motoc@jpmchase.com

MRSH, CMI, STT, FAST, and CF hiked by an average of ~12%. J.P. Morgan Securities LLC

Together, these 7 hikes add add ~0.14 ip to the SPX’s annual dividend run Arda Sebuktekin

rate. (1-212) 270-4397

arda.sebuktekin@jpmchase.com

• Large payers PG, COST, CVS, and PSX announced unchanged dividends J.P. Morgan Securities LLC

over the past week, in line with expectations. Tony SK Lee

• Dividend hike watch list: In Table 1 below, we list the largest payers that are (852)tony.sk.lee@jpmorgan.com2800-8857

expected to announce dividend increases over the rest of this quarter. J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

Morgan Broking (Hong Kong) Limited

Table 1: Expected dividend increases in Q3 Davide Silvestrini

Among the top quintile of S&P 500 dividend payers, sorted by announcement date (44-20) 7134-4082

Expected Increase in davide.silvestrini@jpmorgan.com Forecast Expected

Ticker Name Sector Last DPS Announcement Index Points J.P. Morgan Securities plc DPS (BBG) Increase (%)

Date (Annualized)

BAC Bank of America Financials 0.28 7/15/2026 0.30 7% 0.061