Stocks That Pay Dividends In February: Cash In Now

Best February Dividend Paying Stocks

stocks that pay dividends in February

Kick-off Super Bowl month with stocks that pay dividends in February!

So for today, we have a big serving of February dividend payers.

First of all, what is an important goal for a dividend investor?  It is to achieve a consistent stream of monthly dividends.

Furthermore, to hit this goal, it is important to know a stock’s dividend payment pattern.  Specifically, the month that each of its dividends is payable.

So, to help with your money-making dividend calendar, I want to share 10 of my favorite stocks that pay dividends in February.

10 Stocks That Pay Dividends In February

Here is your list of stocks that pay dividends in February. We will review each of them a little later in the article.

  • Abbott Labs
  • AbbVie
  • Apple
  • AT&T
  • Clorox
  • Hormel Foods
  • Paychex
  • Procter & Gamble
  • Realty Income
  • Verizon

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

Why This List Of Stocks That Pay Dividends In February?

As I said, most dividend stock investors seek a consistent amount of monthly dividend income

Whether you are retired and need dividends to pay bills.  Or, seeking financial freedom and trying to build a reliable passive dividend income stream for the future.

So, you not only need good stocks that pay dividends in your dividend portfolio.  But you need stocks that pay dividends during each month of the year.

Having some February dividend payers to choose from is a good step toward a steady monthly dividend income.

But wait, it gets better…

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

Of course, every stock on the list is a February dividend payer.  Furthermore, all of the listed stocks also pay dividends in May, August, and November.  They are stocks that pay dividends quarterly, starting in February each year.

On the other hand, in this list of stocks paying regular and recurring dividends, you will find that 1 of the February dividend payers has a slightly different dividend payment schedule.  I will point out this exception a little later.

And it gets better yet…

February Dividend Stocks That Increase Their Dividends Every Year

February dividend paying stocks

These stocks not only pay dividends in February, May, August, and November.  But, they are stocks that almost always increase their dividends annually.

That means your dividend in February of the next year will be higher than it was this year.  And you don’t have to do anything to make that happen.

The company does all of the work for you.  It is the beauty of building a large and growing stream of passive dividend income.

We Are Talking About Dividend Growth Stocks

So, we are highlighting companies that increase dividends regularly.  Therefore, today’s list is full of high-quality dividend growth stocks.  Let me explain…

First of all, some of these stocks that pay dividends are Dividend Kings.  They have increased their dividends every year for at least 50 years in a row.

Furthermore, today’s list includes some other top stocks that pay dividends.  They are Dividend Aristocrats.  An Aristocrat has increased its dividend annually for at least 25 years in a row.

Unfortunately, today’s list of stocks for February dividends does not include 1 or more Dividend Achievers.  These blue-chip stocks that pay dividends have increased their dividend payout for at least 10 years in a row and counting.

How To Use This List Of Stocks That Pay Dividends In February

First of all, check your monthly dividend income.  Is February one of your lower months for receiving dividends?

Or maybe you just want to have more income during this month to pay for your Super Bowl party! Whatever the reason. Invest in one or more stocks from the list.

Before You Invest For More February Dividends…

Never buy a stock just because it pays its dividend at a certain time.  It is far more important to buy safe stocks that pay dividends regardless of when they pay.

It’s important to do your stock research.  Because investing has a risk of loss.  Do your homework!

After all, it’s your money.  So, make smart investments and manage your money wisely. I use Personal Capital to manage my total financial picture.

Helping With Your Research On February Dividend Stocks

Each of today’s stocks that pay dividends in February is a holding in the Dividends Diversify model portfolio.  And also, a personal stock holding of mine.

Since I’m invested in these stocks I’ve done more investment research using Morningstar and other quality resources.  So you don’t have to.

Do any of these stocks interest you for investment purposes?  Then, just follow the link I have included for a complete dividend stock analysis.

But again, think and invest for yourself.  It’s your money.  Hopefully, by looking at my dividend stock analysis, you will learn how to select the best dividend stocks for your investment portfolio.

For today, I will just include a few facts and financial metrics for each company.  Such as:

  • Company name
  • Stock symbol
  • Dividend yield
  • Dividend payout ratio
  • 7- year dividend growth rate
  • Last ex-dividend date of the year

Plus any thoughts I have on the company’s operations or tips about dividends that they pay.

Note that the metrics will be as of the date of publication.  So be sure to check for any changes before you invest.  

Furthermore, the dividend yield is one metric that can change quickly.  Since dividend yields have an inverse relationship with a company’s stock price.  And we all have experienced how quickly stock prices can change.

Finally, I prefer to calculate dividend payout ratios based on accounting earnings. But sometimes earnings are not the best indicator of dividend coverage.  Or, if a company has a comfortable dividend payment capacity.  When that’s the case I compute the payout ratio using the company’s free cash flow.

One last point.  Before we move on to our list of stocks that pay dividends in February…

A Final Point About Stocks That Pay Dividends In February: Ex-Dividend Date

To receive a stock’s February dividend, you must make your investment no later than the day before the ex-dividend date.

Typically, but not always, a stock’s ex-dividend date falls in the month BEFORE it pays dividends.  The timing of each company’s ex-dividend date is different.  And this important dividend date can change with every dividend that is declared. And approved by a company’s board of directors.

So be sure to check the company’s investor relations website for the exact date.  If and when you are ready to invest.  And want to receive the February dividend.

Are you too late for February? Then check out our list of the best March dividend payers.

In most cases, be prepared to make your investment(s) no later than the first half of January. That is if you want to make money from dividends in February.

Regardless, as we go through each of these good stocks paying dividends in February, I will note the approximate timing of the ex-dividend date. If you invest on or after that date you won’t be eligible to receive the February dividend.

In a few cases, you will see stocks from the list going ex-dividend in the early part of February.  That gives you a little more time to make your investments.  If and when you choose to do so.

Next up, a brief review of these 10 stocks rewarding investors with dividends in February.

make money from dividends

Abbott Labs

  • Stock symbol: ABT
  • Dividend yield: 1.4%
  • Dividend payout ratio: 61%
  • 7-year annual dividend growth rate: 14%
  • Increased dividend annually since 1972
  • The ex-dividend date for February dividend: Mid-January

Abbott is a global health care company.  And has been in business for more than 125 years.

The company’s business lines are focused on 4 areas. Those areas are diagnostic tests, medical devices, generic pharmaceuticals, and nutritional products.

Abbott spun off its branded pharmaceutical products division in 2013. Into a separate publicly traded company.  As it so happens, AbbVie is our next stock that pays dividends in February.

AbbVie

  • Stock symbol: ABBV
  • Dividend yield: 4.8%
  • Dividend payout ratio: 50%
  • 7-year annual dividend growth rate: 16.5%
  • Increased dividend annually since 2013
  • The ex-dividend date for February dividend: Mid-January

AbbVie has over 100 years of operating history. In the pharmaceutical sector, as part of Abbott. Plus the more recent years as a stand-alone company.

Since its inception, this company has rewarded shareholders with rapid dividend growth.  And it’s just a matter of time before AbbVie will become a Dividend Achiever, in my opinion.

Apple

cash dividends
  • Stock symbol: AAPL
  • Dividend yield: .7%
  • Dividend payout ratio: 25%
  • 7-year annual dividend growth rate: 10%
  • Increased dividend annually since 2013
  • The ex-dividend date for February dividend: Early February

Headquartered in Cupertino, California, Apple designs, makes, and markets mobile communication devices, media devices, and personal computers. Of course, the company is most well-known for the iPhone.

With such a low dividend yield, some might argue that Apple is not a good dividend stock.  On the other hand, the dividend yield is so low because the stock price has increased rapidly.

As a result, Apple stock has made for excellent long-term total returns. Not just income.

AT&T

From a low dividend yield to a high one. Yet another February dividend payer, AT&T.

  • Stock symbol: T
  • Dividend yield: 6.8%
  • Dividend payout ratio: 59%
  • 7-year annual dividend growth rate: 2.1%
  • Increased dividend annually since 1985
  • The ex-dividend date for February dividend: Early January

AT&T is a world leader in communications, media, entertainment, and technology.

But the stock market has not rewarded AT&T’s shares in recent months. Pushing down the price. And increasing the dividend yield.

So, when looking for high income from a Dividend Aristocrat. AT&T stock may be one to consider.

Clorox

stocks that pay dividends
  • Stock symbol: CLX
  • Dividend yield: 2.2%
  • Dividend payout ratio: 60%
  • 7-year annual dividend growth rate: 7.5%
  • Increased dividend annually since 1978
  • The ex-dividend date for February dividend: Late January

The Clorox Company is a leading manufacturer and marketer of consumer products. And owns some very trusted and recognized brands in the household products and food and beverage categories.

Clorox is another Dividend Aristocrat. One that has benefited recently from our desire to stay at home.  And keep our homes clean.

So pull out that bottle of Clorox Clean-Up.  Clean your countertops. And collect your Clorox dividends.

Hormel Foods

upcoming dividends

Next up, Hormel.  One of the best stocks that pay dividends.  And the first of 2 Dividend Kings on our list.

  • Stock symbol: HRL
  • Dividend yield: 2.1%
  • Dividend payout ratio: 58%
  • 7-year annual dividend growth rate: 15%
  • Increased dividend annually since 1967
  • The ex-dividend date for February dividend: Early January

Hormel Foods is a Fortune 500 company. They manufacture and market high-quality, brand-name food, and meat products.

Their brands number more than 50.  Chances are you have consumed one or more of their products as part of a meal or snack.

Furthermore, Hormel has a long history of paying dividends.  And, increases the dividend by a substantial amount each year.

Paychex

  • Stock symbol: PAYX
  • Dividend yield: 2.7%
  • Dividend payout ratio: 85%
  • 7-year annual dividend growth rate: 9.5%
  • Increased dividend annually since 2011
  • The ex-dividend date for February dividend: Late January

First of all, Paychex is a leading provider of integrated human capital management (HCM) solutions. Their services include payroll, benefits, human resources, and insurance. Furthermore, Paychex specializes in small to mid-sized businesses.

Furthermore, Paychex has become known for increasing its dividend rapidly in recent years. But dividend growth has temporarily been put on pause.

Why so? Because of the global recession. And a rise in unemployment.

Finally, once the economy picks up again. Look for a return to dividend growth from Paychex. Because Paychex is one of those dividend stocks that fly under the radar.

Similar to others I find. In my Simply Investing report for dividend stock recommendations.

Procter & Gamble (P&G)

P&G pays February dividends
  • Stock symbol: PG
  • Dividend yield: 2.3%
  • Dividend payout ratio: 62%
  • 7-year annual dividend growth rate: 4.1%
  • Increased dividend annually since 1957
  • The ex-dividend date for February dividend: Mid-January

Procter & Gamble is a branded consumer goods company.  Think Tide detergent and Bounty paper towels.

And another business that has benefited by our increased time spent at home.  Also, consumers trending back to tried and true brands that they know and trust.

Dividend growth has slowed in recent years.  But there is no arguing P&G’s place as a good dividend stock. After all, P&G is a Dividend King.

Verizon

dividends payable in February

Next, a 2nd telecommunications firm on today’s list of stocks that pay dividends in February.  It is Verizon.

  • Stock symbol: VZ
  • Dividend yield: 4.1%
  • Dividend payout ratio: 56%
  • 7-year annual dividend growth rate: 2.6%
  • Increased dividend annually since 2005
  • The ex-dividend date for February dividend: Early January

Verizon’s portfolio of investments, assets, and services makes it one of the world’s leading providers of communications, information, and entertainment products.

The stock is known for slow, but steady dividend growth. And a higher than average dividend yield.  Verizon is a popular holding for many dividend stock investors. For the steady dividend income, it provides.

Realty Income

Realty Income for monthly dividends

Last, but not least, let’s move into the real estate sector.  Realty Income is one of the most consistent dividend-paying stocks.

  • Stock symbol: O
  • Dividend yield: 4.6%
  • Dividend payout ratio: 90%
  • 7-year annual dividend growth rate: 3.5%
  • Increased dividend annually since 1994
  • The ex-dividend date for February dividend: Late January

Realty Income owns and rents out commercial properties.  Most importantly Realty Income is known as the Monthly Dividend Company.

Yes.  The company pays dividends in February.  But it is one of the relatively few high-quality stock picks that pay dividends monthly.

Do you want to make money from dividends every month?  Then Realty Income is a good dividend stock to consider.

Okay now. That concludes my review of 10 stocks that pay dividends in February.

Note that this list does not represent all stocks that pay dividends in February. Not even close. Just the stocks I own and cover here from the model dividend portfolio at Dividends Diversify.

Summary: Stocks That Pay Dividends In February

dividends February, May, August, and November

Looking to increase your dividend income?  Now you know some good stocks that pay dividends in February.

This group is represented by Dividend Kings and Dividend Aristocrats. Also, some soon to be Dividend Achievers. I invest in all of them for free using my Webull brokerage app.

To wrap up, here is a summary list of stocks that pay dividends in February.  If you want more dividends payable in February credited to your brokerage account, check out 1 or more of these companies for your investment dollars.

  • Abbott Labs
  • AbbVie
  • Apple
  • AT&T
  • Clorox
  • Hormel Foods
  • Paychex
  • Procter & Gamble
  • Realty Income
  • Verizon

Further Reading About Stocks That Pay Dividends

My Favorite Dividend Investing & Finance Resources

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.

I own all of the February dividend-paying stocks on the list.