10 Best Dividend Stocks to Buy in August

In this text, we shall be wanting on the 10 greatest dividend shares to purchase in August. If you need to skip our detailed evaluation of those shares, you may go instantly to see the 5 Best Dividend Stocks to Buy in August.Dividend shares are among the many extra versatile funding choices out there to buyers in mild of the truth that they do not simply provide revenue buyers a secure and passive revenue stream to get them via retirement or instances of economic strife, but additionally might be reinvested. The latter choice finally ends up being a significant cause why dividend shares might be thought of among the many few that supply actual worth for cash, particularly in difficult instances. According to Barclays, reinvested dividends really find yourself contributing an excellent deal to the whole return from equities, as an example, showcasing the truth that dividend shares should not solely extremely impactful for particular person portfolios, but additionally for the market at giant. After all, it has additionally been estimated that between 1900 and 2000, the whole return for the S&P 500 Index, which stood at 10.4%, was made up principally by the return from dividends, which stood at 5.5% for this time interval. The remaining 4.9% was then contributed by returns from value appreciation, however the level stays the identical: dividend shares are among the many few that influence the market and portfolios, and are thus standard funding choices to take into account.Like AT&T Inc. (NYSE: T), AbbVie Inc. (NYSE: ABBV), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), many dividend shares are among the many most secure and dependable investments on the market. Some of the higher dividend inventory picks one can take into account might be discovered in the lists of the dividend kings, aristocrats, and champions. These shares are those who have constantly elevated their dividend yields for at the very least 50 years, in the case of the dividend kings, or 25 years, in the circumstances of the dividend aristocrats and champions. Hence, these shares provide all of the rewards of dividend shares with lesser threat. For occasion, the S&P Dividend Aristocrats Index, which is made up of those corporations with constantly elevated dividends, was estimated to have outperformed the S&P 500 Index for ten years between 2006 and 2015 by about 3% annually. Hence, in our listing under, we’ve tried to make sure that many of the shares talked about had been those who have managed to constantly improve or at the very least preserve their dividend yields for an honest time interval.Story continuesWe have additionally thought of the yield of the dividend shares talked about on our listing to guarantee many of the shares added had been primarily higher-yielding shares. Despite the truth that a excessive yield doesn’t essentially imply the inventory is a greater choice as in contrast to others, it has been estimated by Heartland Funds in their 2014 report titled “Dividends: A Review of (*10*) Returns” that higher-yielding shares had been ready to outperform their lower-yielding counterparts by about 1.7% annually between 1928 and 2013. Thus, we are able to lay the case that higher-yielding shares might be thought of good funding choices for August 2021.Dividend investing is changing into troublesome by the day, even for the good cash. The complete hedge fund trade is feeling the reverberations of the altering monetary panorama. Its status has been tarnished in the final decade, throughout which its hedged returns couldn’t sustain with the unhedged returns of the market indices. On the opposite hand, Insider Monkey’s analysis was ready to determine in advance a choose group of hedge fund holdings that outperformed the S&P 500 ETFs by greater than 124 share factors since March 2017. Between March 2017 and February twenty sixth 2021 our month-to-month publication’s inventory picks returned 197.2%, vs. 72.4% for the SPY. Our inventory picks outperformed the market by greater than 124 share factors (see the main points right here). That’s why we consider hedge fund sentiment is an especially helpful indicator that buyers ought to concentrate to. You can subscribe to our free publication on our homepage to obtain our tales in your inbox. 10 Best Dividend Stocks to Buy in AugustPicture by Artem Beliaikin on UnsplashWithout additional ado, let’s have a look at the 10 greatest dividend shares to purchase in August.Best Dividend Stocks to Buy in August10. Citigroup Inc. (NYSE: C)Number of Hedge Fund Holders: 90 Dividend Yield: 3%Citigroup Inc. (NYSE: C) is an funding banking firm that operates throughout the globe to present monetary providers. The firm is headquartered in New York and ranks tenth on our listing of the perfect dividend shares to purchase in August.Piper Sandler continues to maintain an Overweight ranking on shares of Citigroup Inc. (NYSE: C), alongside a $91 value goal positioned on the inventory by analyst Jeffery Harte this July.In the second quarter of 2021, Citigroup Inc. (NYSE: C) had an EPS of $2.84, beating estimates by $0.95. The firm’s income was $17.47 billion, additionally beating estimates by $273.99 million. Citigroup Inc. (NYSE: C) has additionally gained 10.8% in the previous 6 months and 14.98% 12 months to date.By the top of the primary quarter of 2021, 90 hedge funds out of the 866 tracked by Insider Monkey held stakes in Citigroup Inc. (NYSE: C) value roughly $6.93 billion. This is in contrast to 95 hedge funds in the earlier quarter with a complete stake worth of roughly $7.12 billion.Like AT&T Inc. (NYSE: T), AbbVie Inc. (NYSE: ABBV), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), Citigroup Inc. (NYSE: C) is an efficient inventory to make investments in.9. Unum Group (NYSE: UNM)Number of Hedge Fund Holders: 33 Dividend Yield: 4.2%Unum Group (NYSE: UNM) is a Fortune 500 firm that operates 4 companies: Unum US, Unum UK, Unum Poland, and Colonial Life. The insurance coverage firm ranks ninth on our listing of the perfect dividend shares to purchase in August.JPMorgan and Citigroup maintain Neutral scores on shares of Unum Group (NYSE: UNM) whereas Barclays analyst Tracy Benguigui raised her value goal on the inventory to $26 this April. Additionally, Unum Group (NYSE: UNM) has raised its adjusted working revenue per share view for the monetary 12 months of 2021 this July, lowering the decline from 5-6% to 1-3%.In the second quarter of 2021, Unum Group (NYSE: UNM) had an EPS of $1.39, beating estimates by $0.27. The firm’s income was $2.99 billion, up 0.16% 12 months over 12 months and likewise beating estimates by $31.96 million. Unum Group (NYSE: UNM) has additionally gained 4.9% in the previous 6 months and 17.25% 12 months to date.By the top of the primary quarter of 2021, 33 hedge funds out of the 866 tracked by Insider Monkey held stakes in Unum Group (NYSE: UNM) value roughly $283 million. This is in contrast to 25 hedge funds in the earlier quarter with a complete stake worth of roughly $218 million.Like AT&T Inc. (NYSE: T), AbbVie Inc. (NYSE: ABBV), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), Unum Group (NYSE: UNM) is an efficient inventory to make investments in.8. Verizon Communications Inc. (NYSE: VZ)Number of Hedge Fund Holders: 69 Dividend Yield: 4.5%Verizon Communications Inc. (NYSE: VZ), a worldwide telecommunication firm based mostly in the US, ranks eighth on our listing of the perfect dividend shares to purchase in August. The firm presents a spread of communications services and products together with web providers and wi-fi merchandise to shoppers the world over.Colby Synesael, an analyst at Cowen, raised his value goal on Verizon Communications Inc. (NYSE: VZ) shares this July. The new value goal is $68, with the analyst additionally retaining an Outperform ranking on shares of Verizon Communications Inc. (NYSE: VZ).In the second quarter of 2021, Verizon Communications Inc. (NYSE: VZ) had an EPS of $1.37, beating estimates by $0.07. The firm’s income was $33.76 billion, up 10.89% 12 months over 12 months and likewise beating estimates by $1.03 billion. Verizon Communications Inc. (NYSE: VZ) has additionally gained 0.59% in the previous 6 months.By the top of the primary quarter of 2021, 69 hedge funds out of the 866 tracked by Insider Monkey held stakes in Verizon Communications Inc. (NYSE: VZ) value roughly $11.4 billion. This is in contrast to 67 hedge funds in the earlier quarter with a complete stake worth of roughly $10.5 billion.Like AT&T Inc. (NYSE: T), AbbVie Inc. (NYSE: ABBV), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), Verizon Communications Inc. (NYSE: VZ) is an efficient inventory to make investments in.Miller/Howard Investments, an funding administration agency, talked about Verizon Communications Inc. (NYSE: VZ) in its first-quarter 2021 investor letter. Here is what they mentioned:“We offered Verizon (VZ) based mostly on issues over how a lot they may spend in ongoing spectrum auctions. Management might legitimately view spending billions of {dollars} to increase their spectrum holdings as crucial, however we consider the payoff shall be sluggish and can make it difficult to develop the dividend at a very good tempo.”7. AbbVie Inc. (NYSE: ABBV)Number of Hedge Fund Holders: 72 Dividend Yield: 4.5percentAbbVie Inc. (NYSE: ABBV) is a publicly-traded biopharmaceutical firm. It ranks seventh on our listing of the perfect dividend shares to purchase in August and relies in North Chicago, Illinois.Vamil Divan, an analyst at Mizuho, raised the worth goal on AbbVie Inc. (NYSE: ABBV) shares simply this July. The analyst’s new goal is $131, and Divan has additionally held onto his Buy ranking on the corporate’s inventory.In the second quarter of 2021, AbbVie Inc. (NYSE: ABBV) had an EPS of $3.11, beating estimates by $0.08. The firm’s income was $13.96 billion, up 33.9% 12 months over 12 months and likewise beating estimates by $322.64 million. AbbVie Inc. (NYSE: ABBV) has additionally gained 6.97% in the previous 6 months and 10.68% 12 months to date.By the top of the primary quarter of 2021, 72 hedge funds out of the 866 tracked by Insider Monkey held stakes in AbbVie Inc. (NYSE: ABBV) value roughly $5.91 billion. This is in contrast to 83 hedge funds in the earlier quarter with a complete stake worth of roughly $6.96 billion.Like AT&T Inc. (NYSE: T), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), AbbVie Inc. (NYSE: ABBV) is an efficient inventory to make investments in.6. Universal Corporation (NYSE: UVV)Number of Hedge Fund Holders: 10 Dividend Yield: 6.1%Universal Corporation (NYSE: UVV), a tobacco firm, is among the many leaders in its trade and is headquartered in Richmond, Virginia. The firm ranks sixth on our listing of the perfect dividend shares to purchase in August.This May, Universal Corporation (NYSE: UVV) CEO introduced an elevated quarterly dividend of $0.78 per share. The firm additionally introduced a $100 million share repurchase program and an settlement to purchase Silva International for $170 million.In the fiscal fourth quarter of 2021, Universal Corporation (NYSE: UVV) had an EPS of $1.59, beating the earlier quarter’s EPS of $1.34. The firm’s income was $490.24 million. Universal Corporation (NYSE: UVV) has additionally gained 8.13% in the previous 6 months and 5.45% 12 months to date.By the top of the primary quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Universal Corporation (NYSE: UVV) value roughly $92.8 million. This is in contrast to 9 hedge funds in the earlier quarter with a complete stake worth of roughly $89.5 million.Like AT&T Inc. (NYSE: T), AbbVie Inc. (NYSE: ABBV), Target Corporation (NYSE: TGT), and Johnson & Johnson (NYSE: JNJ), Universal Corporation (NYSE: UVV) is an efficient inventory to make investments in.Click to proceed studying and see the 5 Best Dividend Stocks to Buy in August.Suggested articles:Disclosure: None. 10 Best Dividend Stocks to Buy in August is initially revealed on Insider Monkey.

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