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Online Broadcaster Confirms Major Merger As Regulations Relax
This week’s dividend landscape is buzzing with activity. Media mergers, regulatory rulings, and shifting dividend payouts are shaping investor sentiment.
Here’s a round-up of the latest developments to keep a close eye on.

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Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.

Utilities
Duke Energy (NYSE: DUK) Moves to Merge Carolina Subsidiaries, Targeting $1B in Savings

Duke Energy (NYSE: DUK) has formally asked regulators to merge its North and South Carolina utility subsidiaries into a single entity, projecting more than $1 billion in customer savings over the next decade.
The consolidation of Duke Energy Carolinas and Duke Energy Progress would streamline operations across 4.7 million customers and 34,600 megawatts of capacity.
For investors, the move signals more than just administrative efficiency.
Consolidating regulatory filings and rate structures removes duplicative costs and unlocks scale advantages, both of which strengthen Duke’s margin profile in a capital-intensive sector.
Utilities are valued for steady dividends and reliable cash flows, and reducing long-term cost burdens improves the company’s ability to protect payouts even as it faces rising capital requirements tied to grid modernization and renewable integration.
Potential new shareholders should view this as an efficiency-driven play in a sector where regulatory approval often dictates growth.
If regulators grant the request, Duke could set a precedent for other utilities exploring similar consolidation strategies.
As the regulatory process unfolds, investors will be watching how the company balances customer savings with shareholder returns, and whether the merger accelerates Duke’s positioning as a dominant Southeastern utility with cleaner operations and more predictable earnings.
DUK currently trades at $125 and pays a dividend of $4.18 per share, a yield of 3.35%.

Restaurants & Dining
McDonald’s Revives ‘Extra Value Meals’ in Bid to Restore Traffic and Loyalty

McDonald’s (NYSE: MCD) will slash prices on popular combo meals this fall, marking its most aggressive push in years to reclaim its reputation for value dining.
Eight of the chain’s best-selling meal bundles will be priced roughly 15% lower than the sum of their items, with options like the Big Mac meal dropping to $8 and breakfast staples reintroduced at the $5 level.
For investors, the move represents a calculated trade-off: slimmer margins on each combo, but the potential for a broader traffic rebound.
The company has recently faced pushback from customers frustrated by rising menu costs, particularly lower-income diners who historically formed the backbone of its U.S. sales.
By leaning into affordability, McDonald’s is positioning itself against not only Burger King and Wendy’s, but also fast-casual rivals that have steadily poached price-conscious customers.
If the initiative succeeds, it could restore McDonald’s volume growth while reinforcing brand loyalty at a critical moment when competitors are expanding their discount platforms.
The rebranding of these bundles under the legacy “Extra Value Meals” banner adds a nostalgic touch, signaling that the company is listening to its base.
The coming quarters will reveal whether this renewed focus on affordability delivers the dual payoff of customer goodwill and sustainable investor confidence.
MCD currently trades at $314 and pays a dividend of $7.08 per share, a yield of 2.25%.

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Pharmaceuticals & Biotechnology
AbbVie Completes Capstan Acquisition, Gaining First-in-Class Autoimmune Therapy Candidate

AbbVie (NYSE: ABBV) has completed its acquisition of Capstan Therapeutics, adding a potential first-in-class in vivo CAR-T candidate and a proprietary lipid nanoparticle (tLNP) platform designed for targeted RNA delivery.
Capstan’s lead asset, CPTX2309, is currently in Phase 1 for B-cell-mediated autoimmune diseases and aims to deliver drug-free, durable remissions without the toxicities associated with traditional CAR-T treatments.
Upon examining the acquisition, it’s clear that this goes far beyond a pipeline bolt-on. AbbVie is strengthening its immunology portfolio at a time when its legacy blockbuster, Humira, is in decline and biosimilar pressures are weighing on revenue.
By acquiring Capstan, AbbVie secures both a high-potential autoimmune therapy and a technology platform that could extend into multiple therapeutic areas, including oncology and rare diseases.
This positions the company not just as a follower in cell therapy but as a potential category re-definer in in vivo programming.
Shareholders will be watching closely to see whether AbbVie can translate this scientific edge into commercial durability, especially as competition intensifies from rivals like Bristol Myers and Novartis.
The acquisition underscores AbbVie’s strategy of building depth in immunology while diversifying into next-generation platforms.
If successful, the Capstan deal could provide AbbVie with both new revenue streams and a hedge against looming patent cliffs.
ABBV currently trades at $210 and pays a dividend of $6.56 per share, a yield of 3.12%.

Dividend Stocks Worth Watching
Nexstar Media Group, Inc. (NYSE: NXST) is a cable and online broadcaster producing and distributing local and national news, sports, and entertainment content.
It has enjoyed a strong year to date with a 28.69% increase in stock price.
That healthy margin could expand further after news that it has successfully closed a $6.2 billion takeover of rival local news broadcaster, Tegna.
This is one of the early examples of broadcasters taking advantage of new rules to allow more mergers and greater reach for TV stations.
Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide and will add Tegna’s 64 news stations to its portfolio when the takeover is approved.
NXST pays a $1.86 dividend with a yield of 3.63%.
Alphabet, Inc. (NYSE: GOOGL) has finally bowed to the European Union competition watchdog after it faced accusations of breaching EU regulations by favoring Google Play.
The search engine has been in discussions with the EU for more than a year, after it was accused of breaching the EU's landmark Digital Markets Act (DMA).
The watchdog says it doesn’t do a good enough job of informing users of alternatives to Google Play, which may have better offers, while also favoring its search verticals, such as Google Flights.
While it says it fears doing so could expose its users to harmful content. GOOGL says it will update its offers and increase options for developers.
The tech giant pays a 21-cent dividend with a 0.42% yield.
Apple (NYSE: APPL) has emerged victorious in a longstanding battle with UK regulators.
It firmly opposed demands for officials to be given a ‘back door’ to electronic devices, including Apple's encrypted cloud service, effectively granting police and prosecutors access to private user data.
Apple has contested the creation and use of a technical ‘back door’ into its cloud services for almost a decade, beginning with a case in the USA and now spreading across the pond to Great Britain.
While police say it would help prosecute criminals, Apple has argued it was a violation of privacy and could create cybersecurity risks.
On Monday, the UK government dropped its demand for such access. APPL pays a dividend of 26 cents, with a yield of 0.45%.

Dividend Increases
ECO has increased its dividend payment to 70 cents per share, a rise of 118.75%. Its new yield is 10.8%.
MGE has boosted its dividend payout to 48 cents per share, an increase of 5.56%. Its new yield is 2.2%.
DEO has lifted its dividend payment to $2.52 per share, an increase of 55.51%. Its new yield is 3.7%.
Dividend Decreases
SFL has cut its dividend payment to 20 cents per share, a reduction of 25.93%. Its new yield is 8.77%.
WHR has trimmed its dividend payment to 90 cents per share, a drop of 48.57%. Its new yield is 4.08%.
TAIT has reduced its dividend payment to 3 cents per share, a decline of 30%. Its new yield is 6.4%.

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Upcoming Dividend Payers
C’s ex-dividend date for the forthcoming 60 cents payout is 08/22/25.
CHCT’s ex-dividend date for the forthcoming 47 cents payout is 08/22/25.
DEA’s ex-dividend date for the forthcoming 45 cents payout is 08/25/25.

Everything Else
Best Buy has launched a new third-party marketplace, which will give website and app shoppers access to additional brands as it strives to boost sales.
Comcast will spin off MSNBC later this year into a separate corporate entity. With that move, the broadcaster will change its name to MS NOW and debut a new logo.
Northwestern Energy will merge with Black Hills to create a new regional regulated electric and natural gas utility company.
Luxury automaker Cadillac, which is part of the General Motors family, has launched a new custom paint option with 160 exterior colors to choose from.

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