Stocks that Pay Dividends in August: Cash in Now!

Best August Dividend Stocks For Making Money Off Dividends

Summer is here, so it’s time for stocks that pay dividends in August.

Whether you are trying to fill out your dividend calendar. Or just looking for a few good dividend stocks.

I hope today’s list of stocks paying dividends in August will meet your needs.

Let’s not delay. And get right to our August dividend payers today.

stocks that pay dividends in August

Disclosure: At no cost to you, I may get commissions for purchases made through links in this post.

10 Stocks That Pay Dividends In August

Here is today’s list of stocks that pay dividends in August.

  1. NYSE: CLX – Clorox
  2. NYSE: HRL – Hormel Foods
  3. NYSE: PG – Procter & Gamble
  4. NASDAQ: AAPL – Apple
  5. NYSE: T – AT&T
  6. NYSE: VZ – Verizon
  7. NYSE: ABT – Abbott Labs
  8. NYSE: ABBV – AbbVie
  9. NYSE: O – Realty Income
  10. NASDAQ: PAYX – Paychex

We will focus on 2 aspects. Of how these August dividend stocks work for us.

First, the timing of their August dividends. Second, how they stack up for dividend growth.

In other words, I want to focus on their cash dividends now. And how fast these companies paying dividends in August can grow their payouts.

But please note that all data is as of the date of publication. Furthermore, the information can change quickly. Due to company or stock performance.

For this reason, I excluded dividend yield. Since dividend yield moves in the opposite direction of stock prices. And we all know how quickly stock prices can change.

So, check the latest data. Before investing.

Or, check with the Simply Investing Report. I use Simply Investing to get dividend stock recommendations. And on-point stock analysis delivered to my inbox every month.

You can learn more about Simply Investing here.

Now, before we go through the list. There are a couple of things I want to point out…

Stocks That Pay Dividends In February, May, August, and November

First of all, you already know that the companies on today’s list make their dividends payable in August.

Furthermore, 9 out of the 10 companies pay their dividends quarterly. And they follow the quarterly dividend payable pattern of February, May, August, and November.

One stock pays dividends every month of the year. And don’t forget this next point if you want dividends paid in August…

Be Sure To Mind Your Dividend Dates

To get a company’s August dividend. You must buy your shares before their ex-dividend date.

So, I have noted the approximate timing of the ex-dividend date for each company. As it relates to the August dividend.

But, it’s best to check the company’s website site for the exact dates each quarter. For any dividend approved and declared.

Otherwise, just choose your dividend stocks. Then buy and hold.

And you will receive every quarterly dividend. That a company approves moving forward.

Are you too late for August dividends? Then check out these September dividend stocks.

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With those points in mind, let’s go through the list of August dividend-paying stocks in more detail. Then I’d like to offer a few words on the benefits of dividend growth stocks.

We will kick it off with 3 stocks that pay dividends from the consumer staples sector. These companies have steady demand for household products and packaged food.

Making each of them a great source. For reliable August dividends.

August dividend stocks

1. NYSE: CLX – Clorox

  • Industry:  Consumer staples
  • 7-year annual dividend growth rate:  7.5%
  • Increased dividend annually since 1978
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for August dividend:  Late July
  • The stock pays dividends in February, May, August, and November

Clorox is one of my favorite dividend stocks. For its long history of annual dividend increases. And steady dividend growth rate.

Plus, I like a lot of the company’s products. Many of which dominate market share in the categories they compete in.

I’m certain Clorox will keep increasing its dividend every year. And soon become a Dividend King. Representing more than 50 consecutive years of higher dividend payouts.

Plus, I believe the dividend growth rate will remain strong. 6-8% a year based on my calculations. And judgment about the company’s future financial performance.

Learn more about Clorox stock.

2. NYSE: HRL – Hormel Foods

  • Industry: Food Processing
  • 7-year annual dividend growth rate:  15.5%
  • Increased dividend annually since 1967
  • Dividend status list: Dividend King
  • The ex-dividend date for August dividend: Early July
  • The stock pays dividends in February, May, August, and November

Like Clorox, Hormel dominates the markets it pursues.

First of all, the company’s brands hold the number 1 or number 2 market share position in more than 35 categories.

Furthermore, Hormel pepperoni is the leading brand in retail grocery stores. And nearly 100 million jars of Skippy peanut butter are produced annually.

Finally, that brand strength fuels the Hormel dividend.  Evidenced by the company’s status as a Dividend King. And a strong 7-year dividend growth rate.

Get the details on Hormel’s dividend.

3. NYSE: PG – Procter & Gamble

  • Industry: Consumer staples
  • 7-year annual dividend growth rate: 5%
  • Increased dividend annually since 1957
  • Dividend status list: Dividend King
  • The ex-dividend date for August dividend: Late July
  • The stock pays dividends in February, May, August, and November

In recent years, P&G has pursued a more focused strategy. While shedding many underperforming brands.

The restructuring has led to a leaner company. With higher profit margins.

Dividend growth slowed during this time. But appears poised to resume at higher rates than we have seen the last several years.

To protect its status as a Dividend King. I expect to see many more years of annual dividend increases from Procter and Gamble.

All about Dividend King, P&G.

Next, we have 3 stocks paying August dividends from the technology and telecommunications sectors…

4. NASDAQ: AAPL – Apple

image of Apple products
  • Industry:  Technology
  • 7-year annual dividend growth rate: 10%
  • Increased dividend annually since 2013
  • Dividend status list: Will soon become a Dividend Achiever
  • The ex-dividend date for August dividend: Early August
  • The stock pays dividends in February, May, August, and November

We all know Apple. For its popular iPhone. And those classy retail stores that dot the globe.

On the other hand, Apple is not your typical dividend stock. Why not? Because of the stock’s low dividend yield.

Nevertheless, Apple pays dividends in August. Also February, May, and November. That makes it a dividend stock from my perspective.

And the low dividend yield is not so bad. When you consider its high dividend growth. Since the company reinstated its dividend in 2012.

Plus, the spectacular share price appreciation. That Apple investors have enjoyed.

Read more about Apple stock.

5. NYSE: T – AT&T

  • Industry:  Telecommunications & Media
  • 7-year annual dividend growth rate:  2.1%
  • Increased dividend annually since 1985
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for August dividend: Early July
  • The stock pays dividends in February, May, August, and November

I’ve patiently held AT&T stock for many years. And have collected some pretty hefty dividends.

Because, unlike Apple, AT&T has typically carried a high dividend yield. On the other hand, AT&T stock has not been a good investment overall.

Furthermore, I’m becoming less and less of a fan of AT&T. Why? The company’s changing business strategies.

Because AT&T incurred a significant amount of debt to acquire and build out their media businesses. And now, only a few years later, the company is selling those businesses to Discovery.

This means a slimmed-down AT&T will pay a lower dividend. On the other hand, AT&T investors will receive shares in the newly formed company.

I’ve been debating selling my AT&T stock. And reinvesting the proceeds in Home Depot.  A high-quality dividend growth stock that pays dividends in March, June, September, and December.

Home Depot is a stock I’ve long desired to own. But unfortunately, have never made a purchase.

Get the details on AT&T shares.

6. NYSE: VZ – Verizon

  • Industry:  Telecommunications
  • 7-year annual dividend growth rate:  2.5%
  • Increased dividend annually since 2005
  • Dividend status list: Dividend Achiever
  • The ex-dividend date for August dividend: Early July
  • The stock pays dividends in February, May, August, and November

Unlike AT&T, Verizon has stuck much more closely to its core telecommunications business. And in hindsight, this appears to have been the better strategy between these 2 big U.S. telecom companies.

With Verizon, you won’t benefit from rapid dividend growth. As a result of investing in Verizon stock.

Partly because the company must invest large amounts of cash. To build out and maintain its wireless infrastructure.

This leads me to 5G networking. Where Verizon has spent massive amounts of money buying 5G spectrum. And is a leader in rolling out this new technology to consumers and businesses alike.

5G is expected to bring massive scale to the internet of things. Making me happy to have a small investment in this technology. That is expected to revolutionize the ways we get things done!

More about Verizon (NYSE: VZ).

For our next 2 August dividend-paying stocks. I would like to transition into the health care and pharmaceutical sectors.

There is increasing demand for health care by aging populations in the developed world.  And that’s a good demographic trend that supports these companies rising dividends.

7. NYSE: ABT – Abbott Labs

  • Industry:  Health Care
  • 7-year annual dividend growth rate:  14%
  • Increased dividend annually since 1972
  • Dividend status list:  Dividend Aristocrat
  • The ex-dividend date for August dividend: Mid-July
  • The stock pays dividends in February, May, August, and November

Abbott has all the things I like from a dividend stock.

First of all, the company has a durable business model. That has withstood the test of time. Because the company has been operating profitably for more than 130 years.

Furthermore, Abbott participates in growing markets. That promise a bright future.

Finally, from a dividend perspective, an investor earns consistent quarterly dividend payments. While benefiting from a high degree of dividend safety. And excellent dividend growth.

Finally, let’s not forget. That Abbott’s stock has appreciated nicely over the years. As the company has become more valuable to its stakeholders.

Abbott Labs stock and dividend review.

Here’s another top dividend stock…

8. NYSE: ABBV – AbbVie

AbbVie stock pays dividends in February, May, August, and November
  • Industry:  Pharmaceuticals
  • 7-year annual dividend growth rate:  17%
  • Increased dividend annually since 2013
  • Dividend status list: Will soon become a Dividend Achiever
  • The ex-dividend date for August dividend:  Mid-July
  • The stock pays dividends in February, May, August, and November

AbbVie was founded in 2013. The company was formed through a spin-off by our previous August dividend stock, Abbott Labs.

AbbVie’s pharmaceutical products target tough diseases such as cancer and viruses. In addition to general medicines to promote good health of the immune system, nervous system, and brain.

The company has benefited from the huge success of the blockbuster drug Humira.  Looking to diversify its product lines, AbbVie acquired Allergan in 2020. The maker of Botox.

Most importantly, AbbVie has increased its dividend rapidly. Sometimes more than once per year. Since the spin-off from Abbott.

Learn more about AbbVie for dividends.

Next, an August dividend stock from the real estate sector…

9. NYSE: O – Realty Income

  • Industry: Real estate investment trust (REIT)
  • 7-year annual dividend growth rate: 3.8%
  • Increased dividend annually since 1994
  • Dividend status list:  Dividend Aristocrat
  • The ex-dividend date for August dividend: Late June
  • The stock pays dividends monthly

Realty Income’s dividend track record is impressive. And going by the nickname “The Monthly Dividend Company” shows the company’s resolve. To provide shareholders with a steady passive income stream from dividends.

Consecutive monthly dividend payments date back to 1969. Before the company started trading publicly in 1994.

Dividend growth has slowed as the company has matured. But the combination of current dividend yield, consistent dividend growth, and share price appreciation. Have been something dividend investors like you and me have come to count on.

But this company is not resting on its past accomplishments. Having recently entered into a merger agreement with VEREIT.

The merger is expected to produce higher profits and increased diversification to the combined businesses. As a result, I am excited to see how this merger plays out.

I’m thinking Realty Income’s dividend growth will benefit from the merger too.  Could we see 5% or more per year moving forward?

I’m not exactly sure. But, time will tell.

Learn more about Realty Income stock.

And last but not least, a provider of business services. To allow for some unique business diversity to our list of 10 stocks paying dividends in August.

10. NASDAQ: PAYX – Paychex

  • Industry:  Business Services
  • 7-year annual dividend growth rate:  9.5%
  • The ex-dividend date for August dividend:  Late July
  • The stock pays dividends in February, May, August, and November

Paychex is one of those under the radar dividend growth stocks. Serving as a business-to-business provider of payroll processing services. And supplying human resources outsourcing.

Furthermore, I’m a big fan of the company’s dividend policies. Because Paychex pays out about 80% of its accounting earnings. To investors in the form of dividends.

Such a high payout ratio requires the company to pause dividend growth. In times of economic stress. And this limits the company’s consecutive annual dividend increase history.

But the record shows that as soon as the economy recovers. And Paychex’s earnings bounce back.  Management resumes its excellent track record of dividend growth.

Paychex stock review.

That concludes the review of 10 stocks that pay dividends in August. But don’t go. I’ve got more…

More About Dividend Growth Stock Investing

investing

Let’s touch on a few related topics before we wrap it up for today. Because I can’t help myself.

Since I enjoy talking and writing about dividend stock investing. And building dividend portfolios that make monthly passive dividend income.

Never Buy A Stock Just Because It Pays Dividends In August

Dividends are a great way to supplement your income. And it’s nice that there enough good dividend stocks to choose from. To build out a portfolio for dividends every month.

But never buy a stock just for the timing of its dividend payment.  First look at the company’s business prospects, dividend payment track record, dividend safety, and financial position.

Because if a company isn’t in a strong position to maintain its dividend rate going forward. Then it probably won’t be a successful investment for you.

As I look back over today’s list of stocks that pay dividends in August. I think they are all fine long-term holdings.

Investments that provide for dividend income today. And, future dividend growth.

Well, all except AT&T. As I mentioned, I may sell out in favor of Home Depot (NYSE: HD).

Home Depot does not pay dividends in August. But case in point. Never buy a stock just because of the timing of its dividend payments.

And…

Invest Wisely When Building Your Dividend Stock Portfolio

Always look at an individual dividend stock in the context of your overall investment portfolio.  Putting the timing and amount of dividend payments aside, I like the mix of stocks we have discussed today.

Let’s forget about AT&T for a moment. Since they are going through a big business transition. And I dislike the uncertainty that brings to my investments.

Look at the industry diversification the other 9 stocks have. Specifically, these companies provide the following essential services.

  • Household goods
  • Packaged foods
  • Technology devices
  • Telecommunication services
  • Diversified health care products
  • Pharmaceuticals
  • Business services
  • Real estate

Swap out AT&T and throw in a retailer like Home Depot. And there you have it. You can create a diversified portfolio for recurring income. From these 10 stocks that pay dividends.

Where the whole (the portfolio). Is greater than the sum of the parts (each stock).

Monitor Your Dividend Stock Portfolio

Furthermore, as your investments grow. Along with your living expenses.

You need a good resource to pull all of your finances together in one place. I like and use Personal Capital for this.

It’s easy to use. And best of all Personal Capital is free to sign up and get started.

So, there are no excuses for not keeping a close eye on your finances. You can learn more about Personal Capital here.

Don’t Forget About Income Taxes On Your August Dividends

Everyone’s tax situation is different. But most of us can count on paying taxes on the dividends we receive in our taxable accounts. It is just one of the unfortunate realities of dividend investing.

There is one way to avoid or defer paying taxes on dividend income. It is by buying and holding your dividend stocks in an IRA.

If you have been meaning to open and fund an IRA. Don’t delay. Because retirement will be here sooner than you think.

M1 Finance has easy to open online IRA accounts. And excellent money management and investing tools to help you get started.

You can open an IRA with M1 Finance here.

Lastly…

Look For Dividend Growth In Stocks That Pay Dividends In August

While it’s nice that each of today’s companies pays August dividends. I made a point to emphasize their dividend growth stock investing prospects as we went through the review.

Why? Because companies and their stocks with solid dividend growth track records have these advantages:

  • Possess durable business models that survive good times and bad
  • Provide strong total investment returns
  • Provide a hedge against inflation
  • Generate a passive income today
  • Have prospects for higher income in the future

Okay. Enough of my preaching. Let’s wrap this up with a summary…

Summary: Stocks That Pay Dividends In August

list of stocks that a pay dividends in August

Today, we reviewed a list of 10 stocks that pay dividends in August. They were:

  1. NYSE: CLX – Clorox
  2. NYSE: HRL – Hormel Foods
  3. NYSE: PG – Procter & Gamble
  4. NASDAQ: AAPL – Apple
  5. NYSE: T – AT&T
  6. NYSE: VZ – Verizon
  7. NYSE: ABT – Abbott Labs
  8. NYSE: ABBV – AbbVie
  9. NYSE: O – Realty Income
  10. NASDAQ: PAYX – Paychex

While 1 stock, Realty Income, pays dividends every month. The other 9 are quarterly dividend-paying stocks in August.

They make their dividend payments 4 times per year. During February, May, August, and November.

Finally, remember to never buy a stock solely because of the timing of its dividend payments. Look for solid business fundamentals. And dividend growth too.

Good luck with your dividend stocks. Don’t forget that dividend investing is a journey.

So do your research.  Invest in small increments. And do so regularly. Then watch your dividends grow.

More Reading About Stocks That Pay Dividends

My Favorite Resources About Stocks That Pay Dividends

Make the most of your money and investments. With these investing and personal finance resources, I mentioned throughout the article.

conclusions about stocks paying dividends in August

Disclosure & Disclaimer: I am not a licensed investment adviser, financial adviser, or tax professional. And I am not providing you with individual investment advice, financial guidance, or tax counsel. Furthermore, this website’s only purpose is information & entertainment. And we are not liable for any losses suffered by any party because of information published on this blog.

Except for Home Depot, I own all of the stocks mentioned in today’s article.

Cash In With Stocks That Pay Dividends In August