Best Dividend Stocks to Buy in August

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Dividend stocks are one of the most flexible investment alternatives available. They provide income investors with a steady and passive income stream to help them get through tough times. Dividends can also be reinvested, boosting long-term total returns from equities. One of the most popular dividend stocks is the S&P 500 Index. AT&T Inc. and AbbVie Inc. are two of the most consistent dividend companies in the market. Between 2006 and 2015, the S&P Dividend Aristocrats Index was assessed to have outperformed the index by 3 percent.

Insider Monkey looks at the 10 best dividend stocks to buy in August. Citigroup Inc. is ranked 10th. According to Bloomberg, the company has gained 10.8 percent in the last six months and 14.98 percent year to date. Unum Group is ranked 9th. Unum US, Unum UK, Unum Poland, and Colonial Life are the four firms that make up the insurance company. This July, it boosted its adjusted operating income per share forecast for the fiscal year 2021. Verizon Communications Inc. is ranked eighth. Consumers all over the world can get a variety of communications products and services from the company, including internet services and wireless products. In July, Cowen increased his price objective on Verizon Communications Inc.’s stock. AbbVie Inc. is ranked 7th. The company is based in North Chicago, Illinois, and is a publicly traded biopharmaceutical company. The stock is currently trading at $131 per share. Universal Corporation is the 6th best dividend stock to buy in August, according to our ranking. In May, the CEO of the cigarette company announced an enhanced quarterly dividend of $0.78 per share. It’s also up 8.13 percent in the last six months and 5.45 percent so far this year. For more details, click 10 Best Dividend Stocks to Buy in August.

 10 Best Dividend Stocks to Buy in August

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