My 2026 “No-Buy” Dividend List

Big names, long dividend history… but I’m out in 2026.

Partners, hello — Max here.

As promised yesterday, today we slowly step into a new season and into the new year, 2026. And we’re starting this year a little differently than usual.

I want to begin with a list of companies that, in my view, are unlikely to become targets or candidates for portfolio additions in 2026 — for me and for our team. I believe it’s only fair to share this list with you as well.

All of these businesses have something in common. They are going through major transitions or deep structural changes. In situations like this, it’s hard for me to make a truly balanced, long-term decision.

This is also part of the MaxDividends philosophy. It’s part of our capital protection and passive income protection strategy.