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- Consumer Spending Sends This Stock’s Performance Soaring
Consumer Spending Sends This Stock’s Performance Soaring
America’s appetite for spending is showing no signs of slowing.
With card fees climbing and transactions surging, this financial giant has just delivered one of its strongest quarters yet.
Is that premium relaunch powering your portfolio yet?

This Technology Makes Every City a Potential Surf Destination
Topgolf revolutionized golf by turning it into a social, tech-driven game for anyone. And they’ve made billions in annual revenue doing it. Surf Lakes is applying that same model to surfing. Their patented tech creates 2,000 ocean-quality rides per hour, anywhere in the world, across all skill levels.
Surf tourism is a $65B global industry, yet fewer than 1% of people live near real waves. Licenses sold across the U.S. and Australia, with plans for a first commercial park in the works.
3x world champ Tom Curren and surf icon Mark Occhilupo have joined as ambassadors and shareholders. Even actor Chris Hemsworth has praised Surf Lakes.
You have until October 30th at 11:59 PM PT to invest in Surf Lakes.
This is a paid advertisement for Surf Lakes’ Regulation CF offering. Please read the offering circular at https://invest.surflakes.com

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Consumer
The Bottler That Could Become Coca-Cola’s Next Billion-Dollar Baby

Coca-Cola (NYSE: KO) is stirring the market with plans to list its Indian bottling arm, Hindustan Coca-Cola Beverages, in what could be a $1 billion public debut. If the deal moves forward, it would value the unit at a refreshing $10 billion and mark one of the biggest consumer IPOs in India’s history.
For you, that means another chance to watch one of the world’s most recognizable brands test its strength in one of the planet’s fastest-growing markets. The discussions are still in early fizz mode, but bankers are already circling like bees at a soda fountain.
India: The New Growth Playground
India has become the crown jewel for global consumer giants, and Coke knows it. The country’s booming middle class and rising disposable incomes have turned it into a battleground for beverage dominance.
If you’ve noticed more global names betting on India lately, you’re not imagining things. For Coca-Cola, this IPO could anchor deeper local ties and unlock billions in regional growth.
A Toast to Transparency
Taking the bottling arm public gives Coca-Cola more financial flexibility while letting Indian investors own a piece of the fizz. It also sends a strong signal about the company’s confidence in its long-term growth story there. You might say this move is Coke’s way of bottling the future—one share at a time.
KO currently trades at $68.14 and pays a dividend of $2.04 per share, a yield of 2.99%

Tobacco
Why Italy Just Lit a Match Under Philip Morris’ Marketing Playbook

Philip Morris (NYSE: PM) is catching heat in Italy after regulators launched an investigation into how it markets its so-called “smoke-free” products. The probe centers on whether the company misled consumers with slogans like “a future without smoke,” suggesting its alternatives are safer than traditional cigarettes.
For you, that means another reminder that even corporate giants walking the innovation tightrope can trip over wording. The watchdog argues the claims might blur the line between reduced combustion and reduced harm, putting Philip Morris’ entire messaging strategy under review.
Marketing on Thin Ice
This investigation could ripple far beyond Italy. Philip Morris has spent billions branding itself as a company “beyond nicotine,” building its global growth narrative on next-gen products like IQOS.
If you follow the company, you know how much its future hinges on these devices replacing cigarettes in global markets. Any marketing setback could slow adoption and stir fresh skepticism among regulators worldwide.
A Cloud Over the “Smoke-Free” Future
For investors, this is more than a PR problem—it’s a test of credibility. The company’s pitch to shareholders has been built on the trust that “smoke-free” means safer, cleaner, and regulation-friendly.
You might see short-term turbulence if the case gains traction, but long-term, it’s a warning that even the best rebrands need to match the science behind them.
PM currently trades at $158 and pays a dividend of $5.40 per share, a yield of 3.41%.

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Telecome
The iPad Pro Just Got Smarter, and AT&T Wants You on Its Network

AT&T (NYSE: T) is flexing its tech muscles by rolling out Apple’s new M5-powered iPad Pro, blending cutting-edge hardware with its powerful 5G network. The move signals that AT&T wants to be seen as more than a carrier—it wants to be the launchpad for next-gen AI devices.
If you’re someone who relies on fast connections for work or play, this partnership puts you squarely in the crosshairs of AT&T’s strategy. The telecom giant knows that pairing the world’s most advanced tablet with ultra-low latency networks is how you win the data game.
Built for the Always-On Era
Apple’s M5 chip unlocks serious AI and performance gains, making tasks like editing 4K video or running enterprise apps a breeze. AT&T is leaning on that power to show off its own infrastructure, promoting a future where mobility and intelligence go hand in hand.
You’ll also get global eSIM support and Wi-Fi 7 connectivity, meaning fewer dropped signals and smoother streaming when you travel. For AT&T, that’s one more way to keep you plugged into its ecosystem from anywhere in the world.
Beyond the Smartphone
AT&T’s device lineup has quietly evolved into a showcase of what 5G can really do. Each Apple collaboration cements its image as the go-to network for creators, professionals, and anyone chasing productivity on the move.
You might not notice it at first, but this is the long game—one where every new device keeps you more connected to AT&T’s growing digital universe.
T currently trades at $26 and pays a dividend of $1.11 per share, a yield of 4.23%.

Dividend Stocks Worth Watching
Citigroup (NYSE: C) is riding a wave of good fortune after reporting record revenue across its divisions in this week’s Q3 earnings release. The bank’s net income has risen 16%, with revenue increasing by 34%, and profits by 23% despite incurring losses after selling a 25% stake in its Mexico business.
The strong earnings results highlight the success of Citigroup’s restructuring efforts, along with its commitment to launching new products, deploying AI, and using other digital tools to improve capabilities.
C currently pays a 60-cent dividend, yielding 2.49%.
American Express Company (NYSE: AXP) is also celebrating a strong quarter, fueled in part by the successful relaunch – and continuing hot demand – for its revamped U.S. Platinum consumer and business credit cards. The financial services company turned in powerful results in today's earnings call, with revenue growing to $18.4B and earnings per share up 19%.
The earnings release also reveals that Americans are spending more on their credit cards, with spending accelerating. AXP has lifted its full-year guidance on the back of the unexpected success of its updated card launch, growth in consumer spending, and strong card fee growth, amongst other factors. It now expects to hit 9%-10% revenue growth, and an EPS of $15.20 to $15.50.
APX pays an 82-cent dividend, with a 0.97% yield.
CSX Corporation (NYSE: CSX)’s Q3 earnings delivered on Wall Street projections, but the most interesting part of the release wasn't the flat year-on-year sales. CEO Steve Angel gave an intriguing insight into operational improvements and infrastructure projects, which could set the company up for continued growth in the years ahead.
Examples include greater capacity and fluidity across the network, the addition of a double-stack intermodal service to the Northeast, improved asset utilization, and new cost efficiencies. The early completion of two major infrastructure projects will also contribute to future growth, while management continues to pursue strategic industry partnerships.
CSX currently pays a 13-cent dividend, yielding 1.41%.

Dividend Increases
MTDR has increased its dividend payment to 37 cents, a boost of 20%. Its new yield is 3.48%.
ADC has lifted its dividend payment to 26 cents, a rise of 2.34%. Its new yield is 4.29%.
BANR has boosted its dividend payment to 50 cents, an increase of 4.17%. Its new yield is 3.19%.
LECO has increased its dividend payment to 79 cents, a rise of 5.33%. Its new yield is 1.33%.

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© 2025 Boardwalk Flock LLC. All Rights Reserved. 2382 Camino Vida Roble, Suite I Carlsbad, CA 92011, United States
The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Readers acknowledge that the authors are not engaging in the rendering of legal, financial, medical, or professional advice. The reader agrees that under no circumstances Boardwalk Flock, LLC is responsible for any losses, direct or indirect, which are incurred as a result of the use of the information contained within this, including, but not limited to, errors, omissions, or inaccuracies.
Results may not be typical and may vary from person to person. Making money trading digital currencies takes time and hard work. There are inherent risks involved with investing, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.

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Upcoming Dividend Payers
PM’s ex-dividend date for the forthcoming $1.47 payment is 10/20/25.
AMT’s ex-dividend date for the forthcoming $1.70 payment is 10/20/25.
DG’s ex-dividend date for the forthcoming 59-cent payment is 10/21/25.
TTC’s ex-dividend date for the forthcoming 38-cent payment is 10/21/25.

Everything Else
Apple's streaming platform, Apple TV, has been awarded the exclusive rights to broadcast Formula 1 in the United States from 2026, beating existing broadcaster ESPN.
Walmart U.S. CEO John Furner says the supermarket is increasing the number of U.S.-made products it buys as part of its commitment to creating more U.S. jobs and building a more flexible supply chain.
Jeep’s parent company, Stellantis, has confirmed plans to invest $13 billion in its U.S. auto manufacturing operations over the next four years.
Is Disney about to jump on the co-CEO trend? Speculation is building that the company could appoint Dana Walden and Josh D’Amaro to replace outgoing CEO Bob Iger.

That’s all for today’s edition of the Dividend Brief.
Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!
—Noah Zelvis
DividendBrief.com



