Eleven Consumer, Health and REIT Stocks Go Ex-Dividend: Earnings, Cash Flow, Dividend Changes

Key Highlights

• Eleven consumer, healthcare, technology, media and REIT stocks trade ex-dividend on October 1, 2026, with payments from October 15 to November 2.
• Four companies changed their quarterly dividend: Campbell's lower, Federal Realty, Cardinal Health and Encompass Health higher.
• CubeSmart's listed yield of 5.60% leads the group, followed by Campbell's at 4.94% and Versant at 4.66%.
• Two REITs report cash earnings: CubeSmart's FFO, as adjusted, is $0.63 and Federal Realty's Core FFO is $1.88.
• Pegasystems reports first-half free cash flow above $285 million beside a $0.03 dividend.

A dividend change is a decision a board makes explicit, and today four companies in this group carry one. Eleven consumer, healthcare, technology, media and real estate companies trade ex-dividend on October 1, 2026. From today, new buyers of these shares do not receive the next payment, which goes to holders of record on October 1.

The Payout Calendar

Four Dividend Changes in One Session

Campbell's (NASDAQ:CPB) is the only company here to lower its payout. Its board set the quarterly dividend at $0.25 from $0.39, a 36% reduction in the company's words, and linked the decision to faster debt reduction. Fiscal 2026 net sales fell 5% to $9.7 billion, with GAAP earnings of $1.31 per share and adjusted earnings of $2.17. The company announced a cost-savings program targeting $500 million through fiscal 2030 and acquired La Regina in May.

Three others raised theirs. Federal Realty (NYSE:FRT) moved to $1.16 from $1.13, which it describes as its 59th consecutive year of annual increases. Cardinal Health (NYSE:CAH) moved to $0.5158 from $0.5107. Its fiscal 2026 revenue was $254.2 billion, with GAAP earnings of $7.23 per share and non-GAAP earnings of $11.26, and its board approved a $5.0 billion incremental repurchase authorization. A one-time tariff refund added $0.31 to fourth-quarter non-GAAP earnings. Encompass Health (NYSE:EHC) moved to $0.21 from $0.19. Its second-quarter revenue was $1.5974 billion and earnings from continuing operations were $1.55 per share, against $1.40.

Real Estate: Two Trusts, Two Cash Measures

REITs distribute most of their taxable income, so their reports lean on funds from operations (FFO), which adds back property depreciation. Each trust adjusts the measure in its own way.

CubeSmart (NYSE:CUBE) reports diluted earnings of $0.39 per share and FFO, as adjusted, of $0.63 per share against $0.65. Same-store net operating income fell 0.7% while same-store revenue rose 0.8% and operating expenses rose 4.4%. Occupancy ended the quarter at 91.0%. The company repurchased 1.1 million shares for $42.5 million, expanded its revolving credit facility to $1 billion and formed a joint venture with Heitman, with closing given as the fourth quarter of 2026. Guidance for 2026 is FFO, as adjusted, of $2.54 to $2.60 per share.

Federal Realty reports Core FFO of $1.88 per share against $1.76, and GAAP earnings of $0.97 per share against $1.78, which the company attributes mainly to a smaller gain on property sales. The portfolio was 96.1% leased and 93.8% occupied, and it signed 819,000 square feet of comparable leases. Guidance for 2026 is Core FFO of $7.48 to $7.56 per share.

Consumer and Services: Revenue, Earnings and Guidance

Wolverine World Wide (NYSE:WWW) reports revenue of $506.4 million, up 6.8%, with adjusted earnings of $0.40 per share against $0.35. Merrell revenue rose 11.1% and Saucony 9.9%, while Work Group revenue fell 1.6%. Management raised its 2026 outlook. The dividend of $0.10 is unchanged from the prior quarter.

Village Super Market (NASDAQ:VLGEA) reports fiscal third-quarter sales of $572.6 million and earnings of $0.61 per Class A share against $0.75. Same-store sales fell 0.2%, or rose 1.3% excluding the estimated effect of Winter Storm Fern, and digital sales rose 9%.

Choice Hotels (NYSE:CHH) reports GAAP earnings of $1.41 per share against $1.75, and adjusted earnings of $2.02 against $1.92. U.S. room openings rose 27%. Its 2026 outlook includes adjusted EBITDA of $635 million to $650 million, and net income of $230 million to $241 million against a prior range of $265 million to $275 million.

TriNet (NYSE:TNET) reports revenue down 5% to $1.2 billion and GAAP earnings of $1.15 per share against $0.77. Its insurance cost ratio was 86%, and it raised its full-year guidance.

Versant (NASDAQ:VSNT) reports revenue of $1.644 billion against $1.708 billion and net income attributable to the company of $211 million against $302 million. Adjusted EBITDA was $624 million. Its 2026 guidance is revenue of $6.2 billion to $6.45 billion and free cash flow of $1.0 billion to $1.2 billion, and it completed a $100 million accelerated share repurchase.

Technology: Cash Flow Beside Earnings

Pegasystems (NASDAQ:PEGA) pays $0.03 per share. Its second-quarter GAAP earnings were $0.08 per share against $0.17, and non-GAAP earnings were $0.35 against $0.28. First-half cash flow from operations and free cash flow both exceeded $285 million. Annual contract value rose 7% and Pega Cloud annual contract value 22%. The company's release states that cash flow generation may continue to be adversely affected for the rest of the year.

Dividend Moves Beside the Earnings Record

Set beside the earnings figures, the four changes line up as follows. Campbell's lowered its payout while fiscal 2026 adjusted earnings per share fell 27% to $2.17 and fourth-quarter GAAP earnings were a loss of $0.23. Federal Realty raised its payout while Core FFO per share was $1.88 against $1.76, although GAAP earnings were $0.97 against $1.78. Cardinal Health raised its payout while fiscal 2026 non-GAAP earnings rose 37% to $11.26. Encompass Health raised its payout while earnings from continuing operations were $1.55 against $1.40.

Three companies left their rates unchanged. Wolverine's $0.10 matches the prior quarter, beside revenue up 6.8% and adjusted earnings of $0.40 against $0.35. Choice Hotels' $0.2875 matches July, beside GAAP earnings of $1.41 against $1.75 and adjusted earnings of $2.02 against $1.92. TriNet's $0.29 matches April and July, beside GAAP earnings of $1.15 against $0.77.

Conclusion: Changes Set Against the Evidence

Four of the eleven companies changed their dividend this period. The reduction at Campbell's sits beside lower adjusted earnings per share and a debt-reduction plan. The increases at Federal Realty, Cardinal Health and Encompass Health sit beside higher per-share earnings or FFO. The other seven report their own mix of revenue, earnings and cash flow, from Versant's lower net income to Pegasystems' first-half free cash flow above $285 million.

Payments arrive between October 15 and November 2. Boards decide each quarter's amount, and listed yields come from a dividend table rather than company filings, so they move with share prices. Earnings data cover each company's latest reported quarter. This article is informational and does not recommend buying, selling or holding any security.