Stocks That Pay Dividends in October: Cash in Now!

10 Stocks For October Dividends

As we head into fall, it’s time for stocks that pay dividends in October.

Our monthly feature for helping to fill out your dividend calendar. Especially for anyone looking for dividends paid in October.

Because I’ve got 10 top dividend stocks to satisfy exactly what you are looking for.

So, let’s not delay. And dive into companies paying dividends in October today.

stocks that pay dividends in october

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

Stocks That Pay Dividends In October

Here is today’s list of October dividend stocks:

  1. Business service provider ADP
  2. U.S. Tobacco Company Altria
  3. Technology Company Cisco
  4. Beverage Company Coca-Cola
  5. Auto parts distributor Genuine Parts
  6. Household goods maker Kimberly Clark
  7. Medical Device Company Medtronic
  8. Tobacco manufacturer Philip Morris
  9. REIT stock Realty Income
  10. Foodservice distributor Sysco

For Today’s Topic About Dividends Payable In October

We will focus on several different aspects of these companies that pay dividends in October.

First of all, the timing of their upcoming October dividends.

Secondly, how each of them rates in terms of dividend growth.

Finally, the best ways to find more stocks that pay dividends. No matter when they pay.

To put it another way, this article about stocks that pay dividends in October will emphasize:

  • Cash dividends now
  • Growth of those dividends in the future
  • Finding more stocks that are similar

Please note that all dividend data is as of the date of publication.

So, check with your stock broker for the latest stock price, dividend rate, and dividend yield. Before investing.

And one last point. Before we talk about each of these stocks paying dividends in October…

Stocks That Pay Dividends In January, April, July, And October.

October dividends

Most of the stocks on today’s list are quarterly dividend stocks. And pay dividends in these months: January, April, July, and October.

Two stocks on today’s list do not follow that pattern. So, I will point that out when we get to them.

But now. Here is a little more information about some of my favorite stocks that pay dividends in October.

As mentioned, I will focus mainly on dividend payment timing and dividend growth. For each company on today’s dividend stock list…

1. Business Service Provider: ADP

  • Stock symbol: ADP
  • 7-year annual dividend growth rate: 11%
  • Increased dividend annually since 1975
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for October dividend: Early September
  • The stock pays dividends in January, April, July, and October

ADP is also called Automatic Data Processing. And is best known for processing payroll.

But they provide many other valuable human resources capabilities. And back-office functions for their clients.

Learn more about ADP and its dividend here.

And another one of my favorite dividend-paying stocks in October…

2. U.S. Tobacco Company Altria

  • Stock symbol: MO
  • 7-year annual dividend growth rate: 9%
  • Increased dividend annually since 1970
  • Dividend status list: Dividend King
  • The ex-dividend date for October dividend: Mid-September
  • The stock pays dividends in January, April, July, and October

Altria is a true “sin stock”.

With business endeavors beyond tobacco. Including alcohol and cannabis.

Learn more about Altria and its dividend here.

3. Technology Company Cisco

3rd of 10 October dividend-paying stocks
  • Stock symbol: CSCO
  • 7-year annual dividend growth rate: 13%
  • Increased dividend annually since 2012
  • Dividend status list: Dividend Achiever
  • The ex-dividend date for the October dividend: Early October
  • Pays dividends in January, April, July, and October

Cisco has been designing, manufacturing, and selling the gear that the internet runs on for many years.

After their end markets matured. The company began paying a regular and increasing dividend to shareholders.

Learn more about Cisco and its dividend here.

For stocks paying dividends in October, consider this long-time dividend-paying company…

4. Beverage Company Coca-Cola

  • Stock symbol: KO
  • 7-year annual dividend growth rate: 6%
  • Increased dividend annually since 1963
  • Dividend status list: Dividend King
  • The ex-dividend date for October dividend: Mid-September
  • Pays dividends in April, July, October, and December

Coca-Cola is a diversified beverage company. Producing a wide variety of non-alcoholic liquid refreshments. To quench your thirst.

Note that the company pays dividends 4 times per year. But does not follow a typical payment pattern. Versus other quarterly dividend stocks.

Learn more about Coca-Cola and its dividend here.

5. Auto Parts Distributor Genuine Parts

  • Stock symbol: GPC
  • 7-year annual dividend growth rate: 6%
  • Increased dividend annually since 1957
  • Dividend status list: Dividend King
  • The ex-dividend date for October dividend: Early-September
  • Pays dividends in January, April, July, and October

Genuine Parts Company is an international distributor of auto parts and industrial replacement parts. On the automotive front, they are the owner of the well-known NAPA brand.

Learn more about Genuine Parts and its dividend here.

Next, our October dividend payers include a consumer staples company…

6. Household Goods Maker Kimberly Clark

  • Stock symbol: KMB
  • 7-year annual dividend growth rate: 5%
  • Increased dividend annually since 1973
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for October dividend: Early September
  • Pays dividends in January, April, July, and October

Kimberly Clark is a branded consumer goods company. They market many well-known brands with an emphasis on paper products.

For example, Kleenex, Cottonelle, and Scott. They are popular Kimberly Clark branded products for home use.

Learn more about Kimberly Clark and its dividend here.

For another October dividend-paying stock. Let’s transition into the health care field…

7. Medical Device Company Medtronic

7th company paying dividends in October
  • Stock symbol: MDT
  • 7-year annual dividend growth rate: 11%
  • Increased dividend annually since 1978
  • Dividend status list: Dividend Aristocrat
  • The ex-dividend date for October dividend: Late September
  • Pays dividends in January, April, July, and October

Medtronic’s business focus is device-based medical products, therapies, and related services.

I like investing in Medtronic because it’s an “under the radar” health care company. That just keeps cranking out higher dividend payments to investors every year.

Learn more about Medtronic and its dividend here.

Yet another tobacco company makes my list of dividend stocks in October…

8. Tobacco Manufacturer Philip Morris

  • Stock symbol: PM
  • 7-year annual dividend growth rate: 4.4%
  • Increased dividend annually since 2008
  • Dividend status list: Dividend Achiever
  • The ex-dividend date for October dividend: Late September
  • Pays dividends in January, April, July, and October

It’s been more than 10 years since Altria and Philip Morris split.

To allow Philip Morris to focus on non-U.S. tobacco sales. And Altria to focus on the U.S. markets.

A lot has changed since then. And the company has set a big goal.

Specifically, to have more than half its sales come from smoke-free products. In just a few years from now.

Learn more about Philip Morris and its dividend here.

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

9. REIT Stock Realty Income

  • Stock symbol: O
  • 7-year annual dividend growth rate: 4%
  • Increased dividend annually since 1994
  • Dividend status: Dividend Aristocrat
  • The ex-dividend date for October dividend: Late September
  • Pays dividends monthly

Realty Income is a real estate investment trust (REIT). The company mainly owns free-standing retail properties. In excellent, highly visible locations.

Also, the company has a blue-chip customer base. Along with an outstanding history of paying investors regular monthly dividends.

Learn more about Realty Income and its dividend here.

And last but not least, a company in the food industry. As part of today’s list of 10 stocks paying dividends in October.

10. Food Service Distributor Sysco

  • Stock symbol: SYY
  • 7-year annual dividend growth rate: 7%
  • Increased dividend annually since 1970
  • Dividend status list: Dividend King
  • The ex-dividend date for October dividend: Early October
  • Pays dividends in January, April, July, and October

Sysco had a rough go of it. During 2020 and early 2021 when so many restaurants were closed. And most people were eating at home.

But the company weathered the storm. And with its industry-leading scale. Had come back stronger than ever.

Learn more about Sysco and its dividend here.

Okay. That concludes the review of 10 stocks that pay dividends in October.

But don’t go. I’ve got much, much, much more…

Earning Dividends In October (and every month of the year)

Here are several additional tips to consider. When working on your calendar of dividend payments.

To make money from dividends every month

tips for making passive investment income

Invest Before The Ex-Dividend Date

When purchasing any dividend stock. If you want the next dividend payment. Make sure you buy before the ex-dividend date.

This date is different for every company. And ex-dividend dates vary from dividend to dividend for the same company.

So, it’s always a good idea to check for a company’s latest press release. Announcing the dividend dates for the upcoming dividend.

After that, as a buy-and-hold investor. You will be entitled to all future dividends on your shares with no effort on your part.

Just sit back and collect your monthly dividends.

Do it right, and you will be making dividends every month. In little time at all.

But…

Don’t Buy A Stock Just Because It Pays Dividends In October

The timing of dividend payments shouldn’t be your only reason to buy a stock. First, focus on the business fundamentals and dividend metrics.

Only after you have determined the dividend is safe from a potential reduction. And the company paying the dividend is on solid economic ground.

Should you consider investing. Checking the timing of the dividend payment is fine. But, make it just one step in your research.

As you work out your process. For making a consistent stream of dividend income.

Trade Your Stocks That Pay Dividends In October For Free

Keep your investment costs low. By doing so you will keep more of your hard-earned dividends in your pocket.

An important way to do this is to trade your dividend stocks for free.

Because there is no reason to pay a brokerage commission when buying a dividend stock. Those days have long passed.

I trade for free using the Webull app.

It’s fast to sign up with Webull. And easy to use. Plus the app has powerful research capabilities.

To identify the best dividend stocks. For your portfolio. And unique investment goals.

You can learn more about Webull here.

Remember Taxes When Buying Stocks That Pay Dividends In October

Taxes and October dividend payers

Every individual’s tax situation is different. Thus, it’s hard to make broad statements about how much your taxes bill will be. Coming due from October dividends.

But suffice it to say. That some taxes will be owed.

So, don’t forget to factor that into your cash flow from dividends.  That you are expecting to receive.

Finally, one way to defer and minimize taxes is this. Buy and hold your dividend stocks in an Individual Retirement Account (IRA).

And reap the tax benefits these accounts offer. Furthermore, M1 Finance is a great place to open and fund an IRA account.

So, don’t delay. If you have been meaning to start investing for a secure retirement.

Open an IRA account at M1 Finance. And use it to invest in dividend stocks.

You can learn more about M1 Finance here.

I also promised to mention good places to find dividend stocks. In case today’s list does not satisfy everything you were looking for…

Dividend Growth Stock Lists

First of all, consider the dividend growth stock lists. Some of the most popular lists are…

Dividend Kings: Stocks with 50+ years of annual dividend increases in a row.

The Dividend Aristocrats: Stocks with 25+ years of annual dividend increases in a row.

Dividend Achievers: Stocks with 10+ years of annual dividend increases in a row.

Using stock lists like these. Will keep you focused on dividend growth.

Rather than chasing stocks with the highest dividend yields.

Simply Investing Report

Then consider the Simply Investing Report.

I use Simply Investing to get dividend stock recommendations. And on-point stock analysis.

Simply Investing covers hundreds of dividend stocks. All based in the U.S and Canada.

Then evaluates them based on strict quality criteria. Finally, every month Simply Investing delivers its best recommendations on which stocks to buy.

It’s hard to find more comprehensive coverage of high-quality dividend stocks. Based in the U.S. and Canada.

You can learn more about Simply Investing here.

Motley Fool Stock Advisor

The Motley Fool Stock Advisor is a well-respected stock picking service. Providing stock research and outstanding total returns for decades.

Unlike the Simply Investing report. Motley Fool has a different approach to investing.

Researching, analyzing, and recommending not only dividend stocks. But lesser-known growth stocks too.

For anyone who desires to make stock selections. But likes a little help finding the right stocks. Accompanied by solid research.

Then Motley Fool is a great choice. So, learn more about Motley Fool here.

Products And Services You Use Every Day

Finally, just be aware of the products and services you use every day. And check if the company behind them has a dividend stock.

For example, do you like McDonald’s? Enjoy a Starbucks coffee? Shop at Walmart or Target?

Well, I know for a fact. That each of these companies has a stock that pays dividends.

And some of them may even be stocks that pay good dividends in October!

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

Summary: 10 Stocks That Pay Dividends In October

10 dividend paying stocks in October

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

  1. Business service provider ADP
  2. U.S. Tobacco Company Altria
  3. Technology Company Cisco
  4. Beverage Company Coca-Cola
  5. Auto parts distributor Genuine Parts
  6. Household goods maker Kimberly Clark
  7. Medical Device Company Medtronic
  8. Tobacco manufacturer Philip Morris
  9. REIT stock Realty Income
  10. Foodservice distributor Sysco

And we talked about some best practices.  To find and invest in good dividends stocks.

Here is a recap of that information to make the most of your October dividend stocks.

Keep Investment Costs Low

Be sure to keep your investment costs low. And never pay a brokerage commission to buy or sell a dividend stock.

Sign up for the stock trading app from Webull. And never pay stock trading fees.

Invest For A Secure Retirement

Also, keep more of the dividends you make. By reducing and deferring income taxes.

If you have been planning to invest in dividend stocks for a secure retirement. Put time on your side and get started today.

An account with M1 Finance is an excellent way to go. For investing through an IRA. To save on income taxes.

Find Good Dividend Stocks

Next, always stay on the hunt for quality dividend stocks. To add to your portfolio when prices are right.

You can use dividend growth stock lists. Such as the Dividend Kings and Aristocrats.

Or, get dividend stock recommendations delivered to your inbox every month.

Two services I like. And use, are the Simply Investing Report.

And for a more diverse mix of stocks. For both growth and income.

There is the service from Motley Fool Stock Advisor.

Thanks For Reading About Stocks That Pay Dividends In October!

Okay, friends. That’s all for today. Good luck with your investments!

Since it’s never too early. Or too late. To start making money from dividends.

More Articles About Stocks That Pay Dividends

conclusions about October dividend stocks

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 stocks mentioned in today’s article except for Starbucks.

Cash In With Stocks That Pay Dividends In October