15 Stocks That Pay Dividends In July: Cash In Now!

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Top July Dividend Stocks And 12 Dividend Investing Tips

It’s time for stocks that pay dividends in July. Why? Because hot summer dividends are right around the corner.

So, pull up your comfy chair. And get ready to make money from dividends. Here is what I have in store for you:

First, I will review in detail 10 companies from today’s list of stocks that pay dividends in July.

Second, I will discuss 12 important tips about investing in these July dividend payers every good dividend investor should know.

Finally, stick with me to the end for bonus coverage. There I will add five more excellent stocks for July dividends. Thus, bringing today’s count to 15.

Let’s do it…

Image of patriotic calendar denoting July dividend stocks

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

10 Stocks That Pay Dividends In July

Here’s my list of some of the best dividend-paying stocks in July:

NASDAQ: ADP – Automatic Data Processing
NASDAQ: CSCO – Cisco
NYSE: GPC – Genuine Parts Company
NYSE: KMB – Kimberly Clark
NYSE: KO – The Coca-Cola Company
NYSE: MDT – Medtronic
NYSE: MO – Altria
NYSE: O – Realty Income
NYSE: PM – Philip Morris
NYSE: SYY – Sysco

I own each of the stocks in my dividend growth investment portfolio and have held them for many years.

That’s enough about me and my investments. Let’s dig deeper into each of these 9 quarterly dividend stocks for your benefit. Better yet, there is 1 stock that pays dividends monthly.

After the stock discussion, I will address dividend calendars and the timing of dividend payments. Plus, much more about dividend stocks!

Thus, pull up a comfortable chair and stick around. After we review this list of good stocks that pay dividends, I have much more to offer.

Please note that all data is as of the date of this article update. Furthermore, understand that the information can quickly change due to company or stock performance.

So, check with your online stockbroker before investing.

Or, check with the Simply Investing Report. That’s where I sourced the dividend metrics at the time of publication.

Simply Investing has a great data-driven resource for dividend stock investors. Their platform delivers up-to-date, insightful analysis and dividend stock recommendations whenever needed.

You can learn more about Simply Investing here.

But now, onto today’s companies that pay dividends in July…

Stock 1. NASDAQ: ADP – Automatic Data Processing

Dividend yield: 2.3%
Long-term average dividend growth rate: 10%
Increased dividend annually since 1975
Dividend status list: Dividend Aristocrat
The ex-dividend date for July dividend: Early-June
Pays dividends in January, April, July, and October

More stock analysis here about this outstanding provider of business services.

Otherwise, let’s move to our next July dividend stock.

Stock 2. NASDAQ: CSCO – Cisco

Dividend yield: 3.3%
Long-term average dividend growth rate: 8.7%
Increased dividend annually since 2012
Dividend status list: Dividend Achiever
The ex-dividend date for July dividend: Early July
Pays dividends in January, April, July, and October

Next, I have an “under the radar” stock paying dividends in July…

Stock 3. NYSE: GPC – Genuine Parts Company

Dividend yield: 2.3%
Long-term average dividend growth rate: 5.8%
Increased dividend annually since 1957
Dividend status list: Dividend King
The ex-dividend date for July dividend: Early-June
Pays dividends in January, April, July, and October

Or stay with me right here. The next stock that pays dividends in July is a longtime favorite of mine…

Stock 4. NYSE: KMB – Kimberly Clark

Dividend yield: 3.3%
Long-term average dividend growth rate: 3.8%
Increased dividend annually since 1973
Dividend status list: Dividend King
The ex-dividend date for July dividend: Early June
Pays dividends in January, April, July, and October

But for me, I’m thirsty for more July dividends…

Stock 5. NYSE: KO – The Coca-Cola Company

Dividend yield: 2.9%
Long-term average dividend growth rate: 5.1%
Increased dividend annually since 1963
Dividend status list: Dividend King
The ex-dividend date for July dividend: Mid-June
Pays dividends in April, July, October, and December

Quench your thirst for more dividend information on Coke.

Or, move on with me to another July dividend-paying stock…

Stock 6. NYSE: MDT – Medtronic

Dividend yield: 3.1%
Long-term average dividend growth rate: 10.1%
Increased dividend annually since 1978
Dividend status list: Dividend Aristocrat
The ex-dividend date for July dividend: Late June
Pays dividends in January, April, July, and October

Better yet, stick with me now for another company paying dividends in July…

Stock 7. NYSE: MO – Altria

Dividend yield: 8.3%
Long-term average dividend growth rate: 7.9%
Increased dividend annually since 1970
Dividend status list: Dividend King
The ex-dividend date for July dividend: Mid-June
Pays dividends in January, April, July, and October

Hopefully, you are on fire for more about Altria. If so, that’s great.

As for others who are not fully satisfied, I will show you another July dividend payer.

Stock 8. NYSE: O – Realty Income

Dividend yield: 5%
Long-term average dividend growth rate: 3.5%
Increased dividend annually since 1994
Dividend status: Dividend Aristocrat
The ex-dividend date for July dividend: Late June
Pays dividends every month of the year

What’s not to like about Realty Income’s monthly dividends? From my perspective, the answer is “nothing.” This company is an outstanding real estate investment trust (REIT) for any investor’s dividend portfolio.

Next, let’s return to the tobacco sector for more dividends payable in July…

Stock 9. NYSE: PM – Philip Morris

Dividend yield: 5.4%
Long-term average dividend growth rate: 4.1%
Increased dividend annually since 2008
Dividend status list: Dividend Achiever
The ex-dividend date for July dividend: Late-June
Pays dividends in January, April, July, and October

Finally, here’s number ten on today’s list of good dividend-paying stocks in July…

Stock 10. NYSE: SYY – Sysco

Dividend yield: 2.7%
Long-term average dividend growth rate: 6%
Increased dividend annually since 1970
Dividend status list: Dividend King
The ex-dividend date for July dividend: Late June
Pays dividends in January, April, July, and October

Otherwise, let me chat briefly about today’s dividend stocks list.

12 Important Tips About Today’s Stocks That Pay Dividends In July

Here are a few important points to keep in mind. When seeking dividend payments for a specific month.

Tip 1: Why A List Of Stocks That Pay Dividends In July?

Who would want to know what stocks pay dividends in July?

The answer to that question is dividend stock investors.

Many of us want to make a stream of cash from dividends. We want that dividend income to pay our bills, supplement social security income, or reinvest in more stocks.

So, it’s typical for dividend stock investors, like you and me, to pay attention to when a stock pays its dividends. We do this to fill out twelve months of dividend payments. Thus, ensuring a steady year-round stream of income from stocks.

Tip 2: Stocks That Pay Dividends In January, April, July, and October

Better yet, most of today’s companies have stocks paying dividends in January, April, July, and October. They are referred to as quarterly dividend stocks.

But I want to highlight 2 exceptions to this typical quarterly dividend payment pattern.

First, Coca-Cola (KO) pays dividends in April, July, October, and December.

KO is still a quarterly dividend stock, paying its dividends 4 times yearly. But, the company follows an atypical payment pattern.

Here is another deviation.

Tip 3: One Stock Paying Monthly Dividends

The second exception is Realty Income. This company pays dividends every month of the year.

Are you interested in other monthly dividend stocks? Then you should check out this group of monthly dividend payers.

Next, I want to switch gears and address another important topic: timing your dividend income.

Tip 4: Note The Ex-Dividend Date For These July Dividend-Paying Stocks

Most dividend investors know about important dividend dates. But I want to emphasize the ex-dividend date for you today.

Most importantly, if you want that July dividend, you must purchase before a stock’s ex-dividend date.

I have noted the approximate ex-dividend date for each stock on today’s list of 10 to assist your efforts. But note these dates vary from stock to stock and quarter to quarter. So check the company’s investor relations website for the exact timing.

Are you ahead of the calendar and have plenty of time to make your investments? Then maybe these June dividend payers will fit your needs.

However, I encourage you to think long-term. Buy and hold the best dividend stocks. Doing so will give you rights to every future dividend a company approves, declares, and pays.

That’s the beauty of a passive dividend income stream. Buy, hold, and collect your dividends!

On the other hand, it pays to have a short-term plan. Thus, are you too late to increase your July dividends?

If yes, check out this list of stocks paying dividends in August.

Tip 5: These July Dividend Payers Are Dividend Growth Stocks

Each of the stocks on the list of July dividend payers is special in another way. Specifically, they are all dividend growth stock investments.

Why? Because they increase their dividend rate per share on an annual basis. However, sometimes a company with a dividend growth stock will defer its annual dividend increase when it hits an economic rough patch.

So, looking at dividend growth over the long run is a good idea. Thus, I have indicated each stock’s 20-year average annual dividend growth rate for your reference.

I sourced that information from the Simply Investing Report & Analysis Platform.

Tip 6: Dividends Payable In July From A Diversified Stock Portfolio

When I look at this group of 10 stocks that pay dividends in July, I see something else.

What I see is a diversified dividend stock portfolio.

As a portfolio, the stocks come from 9 distinctly different industries. The tobacco industry is the only duplication.

Furthermore, as your living expenses and portfolio of investments grow, you need a good online tool to pull it all together. I like and use Empower for this.

Empower makes it easy to see all of your investments, living expenses, and budget in one place online

Best of all? Empower is free to sign up for and use.

So, level up your personal finance game. And learn more about Empower here.

Tip 7: How Many Dividend Stocks Should You Own?

Hold enough dividend stocks to provide adequate diversification. But not too many where you are unable to monitor each one periodically.

Research suggests that 20-30 well-chosen stocks provide adequate diversification. Only you can decide how many dividend-paying stocks you can regularly keep tabs on.

Tip 8: When Is The Best Time To Buy July Dividend-Paying Stocks?

When is the best time to buy any one of these dividend stocks? Well, I would suggest now or whenever you have cash ready for investment.

Since no one knows for sure what direction the stock market or stock prices will go in the short term.

First, develop a watch list of stocks you would like to buy.

Then invest in small increments and do so regularly. Most importantly, hold for the long term.

If stocks go up, you win! Because you are invested.

On the other hand, if stocks go down, and they may, you can make new purchases at lower prices. Lower prices provide for higher dividend yields.

Forget about the destination. Make dividend investing a journey with small incremental improvements to your portfolio over time.

No matter how you make your dividends, buying and selling your dividend stocks for free is critical when implementing an investment strategy like this.

I use the Webull app to trade for free. Plus the app is easy to use. And offers excellent real-time research capabilities.

You can learn more about Webull here.

Next, a few words of caution…

Tip 9: Don’t Buy Stocks Just Because They Pay July Dividends

Never buy a dividend stock solely on when it pays dividends.

It is much more important to buy safe and growing dividends. Thus, buy stocks of companies that regularly increase profits. Invest in companies performing well within the segments they operate.

Tip 10: Don’t Forget About Income Taxes

What is one of the downsides to investing for dividend income?

Answer: Taxes are usually due at the time dividends are received.

Your tax bill will depend on your specific tax situation.

However, there is some good news.

First, dividends receive preferential tax treatment when compared to ordinary income. For example, income from your job is typically taxed at a higher tax rate.

Second, you can save big time on taxes by holding your stocks in an Individual Retirement Account (IRA).

So, just be aware that some of the cash that hits your brokerage account from July dividends may have to be shared. The government will likely take a cut in the form of income taxes.

Taxes are complicated. Furthermore, everyone’s tax situation is unique. So, I recommend consulting with a tax professional.

Tip 11: Keep An Eye On Dividend Safety

One of the worst things for dividend investors is dividend reductions. I attempt to minimize them at all costs even if it means avoiding high dividend yield stocks.

What I’m talking about is dividend safety. No, I don’t have a perfect track record for avoiding dividend cuts. However, I get many more of my stock picks right than wrong.

First, I invest in stocks that increase their dividends every year. I believe a growing dividend is a safer dividend.

Second, I pay close attention to the dividend payout ratio. This ratio indicates the percentage of a company’s financial resources being paid out in dividends.

Evaluating a company’s dividend payout ratio is part art and part science. However, I can make one broad generalization.

The lower the dividend payout ratio, the safer the dividend.

Tip 12: Tough Times Are Okay When Investing In Companies Paying Dividends In July

Lastly, in some ways, it’s a tough time to be a dividend investor searching for steady dividends.

Why is that?

Well, interest rates have been rising and are higher than they have been in a long time. Furthermore, economic conditions are uncertain. Aren’t they always?

These factors increase volatility for investments of all kinds. Dividend stocks are no exception.

What’s the silver lining?

When stock prices fall, dividend yields rise.

Because dividend yields, defined as a percent of the dollar amount you invest, are inversely related to stock prices.

In other words, the lower stock prices dip, the more dividend yields rise. Thus falling stock prices create excellent buying opportunities for dividend investors like you and me.

That’s why we crazy dividend investors sometimes want stock prices to fall. So we can pick up some stocks at bargain prices and increase our portfolio’s dividend yield.

At the beginning of this article, I promised you the following 3 things.

First, a review of 10 stocks paying dividends in July.

Second, some top-notch dividend investing tips as you search for July dividend-paying companies.

Third, bonus coverage to include five more companies that pay dividends in July for a total of 15. So, I must fulfill my promise.

Bonus Coverage: 5 More Stocks For July Dividends

Three of these July dividend stocks sit on my watch list. Two I currently own.

Regardless, each has a long and rich track record of paying uninterrupted rising dividends.

Chubb (CB)
Cincinnati Financial Corp (CINF)
Federal Realty Investment Trust (FRT)
Illinois Tool Works (ITW)
McCormick & Company (MKC)

Please allow me to comment briefly on each of these companies and their stocks.

Stock 11. NYSE: CB – Chubb

Chubb is a global provider of insurance products and services for businesses, individuals, and families.

The company offers a broad range of insurance coverages including:

Property and casualty
Accident and health
Reinsurance
Life insurance

Stock 12. NASDAQ: CINF – Cincinnati Financial

Cincinnati Financial also operates in the insurance sector. The company markets a broad range of property casualty insurance products across the United States.

I owned both CB and CINF in the past. However, I sold and closed my positions as part of a portfolio clean-up and consolidation effort.

Each stock sits on my watch list. In the future, I would like to have investment exposure in the insurance industry. In many respects, I wish I would not have sold these stocks in the first place.

Stock 13. NYSE: FRT – Federal Realty Investment Trust

Next, Federal Realty Investment Trust is another REIT similar in some respects to Realty Income.

The company’s dividend growth track record qualifies it as a Dividend King. However, I have never owned shares of FRT.

Stock 14. NYSE: ITW – Illinois Tool Works

ITW is a high-quality industrial company. The stock provides excellent diversification for dividend investors in the industrial sector.

Stock 15. NYSE: MKC – McCormick & Co.

McCormick makes spices.

However, they define themselves more broadly than just a spice company, referring to themselves as a global leader in flavor. They have sauces and herbs as part of their stable of products.

Finally, ITW and McCormick are recent additions to my dividend portfolio. I added them for diversification purposes and because I loved their long history of paying investors higher yearly dividends.

Okay. That’s all I have, making it a good time to wrap up. But first, pin this image to your Pinterest board for easy reference in the future.

pinnable image representing July dividends article

Summary: List Of Stocks That Pay Dividends In July

Are you looking to fill out your dividend payments calendar with some good dividend stocks paying in July?

Then consider this list an excellent place to start. Put them all together. And they represent a diversified dividend portfolio.

More importantly, a portfolio providing:

Dividend income today
Dividend increases in the future
Long-term stock price appreciation

from companies like the following…