5 Best Dividend Stocks for August 2021

Investors looking for stable and reliable income may want to consider adding top quality dividend stocks to their portfolios. Thanks to their strong earnings base and resilient cash flow, companies that pay dividends are relatively immune to economic cycles and drive investor returns through higher dividend payments, even in downturns.

So, using the TipRanks Dividend calendar, this article focuses on five stocks with a Strong Buy analyst rating consensus and an ex-dividend date in August 2021. An ex-dividend date is important because it implies that one must own shares on that date in order to qualify for the next dividend. In addition, this article focuses on companies that have grown uninterrupted dividends over a very long period of time.

Chevron Corp. (CVX)

Dividend Yield: 5.27%
Ex-dividend date: August 18, 2021
Payout Ratio: NA
Payout Date: September 10, 2021

Integrated energy company Chevron has steadily risen dividends 34 years in a row. On April 28, Chevron announced a 4% increase in quarterly dividends to $1.34 per share, which translates to an annual dividend of $5.36. Chevron stocks have a Strong Buy analyst rating consensus, and the average Chevron price target of $129.75 indicates upside potential of about 27.4% from current levels. Furthermore, the share of positive indicators of financial bloggers and investors (which have wallets on TipRanks). However, hedge funds reduced their holdings by 24.6 million shares in the last quarter.

Enbridge (NLB)

Dividend Yield: 6.59%
Ex-dividend date: August 12, 2021
Payout ratio: 110.93%
Payout Date: September 01, 2021

Energy infrastructure giant Enbridge is a popular dividend stock that has paid consistently dividends for over 66 years. In addition, Enbridge’s dividend has grown at a CAGR (compound annual growth rate) of 10% since 1995. In December 2020, Enbridge increased its dividend by 3%. Enbridge stocks have a Strong Buy analyst rating consensus, and the average Enbridge price target of $44.70 indicates upside potential of 13.6% from the current level. Furthermore, the stock has an ‘Outperform’ smart score of 10. In particular hedge funds increased their holdings by 81.9K shares in the last quarter.

Metlife (MET)

Dividend Yield: 2.77%
Ex-dividend date: 09 August 2021
Payout ratio: 151.26%
Payout Date: September 14, 2021

Metlife is a leading financial services company that is dividends at a CAGR of 10% since 2011. On April 27, Metlife announced a 4.3% increase in its quarterly dividend. Michel Khalaf, CEO of MetLife, emphasized its “Next Horizon” strategy and said the company continues to generate strong free cash flow that enables it to improve shareholder returns. average Metlife price target of $72 indicates about 24.8% upside potential. Furthermore, the share has positive indicators of financial bloggers and individual investors.

Johnson & Johnson (JNJ)

Dividend Yield: 2.41%
Ex-dividend date: August 23, 2021
Payout ratio: 61.43%
Payout Date: September 07, 2021

Johnson & Johnson has its dividend 59 consecutive years. On April 20, the diversified healthcare company announced a 5% increase in its quarterly dividend to $1.06 per share. Johnson & Johnson Stocks Have an ‘Outperform’ smart score of 9, with positive indicators of financial bloggers and individual investors. In addition, it has a Strong Buy analyst rating consensus, and the Johnson & Johnson average price target indicates an upside potential of 10.8% from current levels.

walmart (WMT)

Dividend Yield: 1.54%
Ex-dividend date: August 12, 2021
Payout ratio: 50.69%
Payout Date: September 07, 2021

The World’s Largest Retailer Walmart Has Uninterrupted Its dividend for 48 years. At the beginning of this year, Walmart increased its annual dividend by 2% to $2.20 per share. media sentiment and financial bloggersOpinions on Walmart stock are positive. However, insiders and hedge fund managers have sold. Nevertheless, the analyst consensus is a strong buy, based on 14 buys and 3 hold positions. The average Walmart price target of $167.06 implies upside potential of 17.2%.

In addition to these top five Strong Buy stocks, check out which other stocks are a ex-dividend date in August 2021.

Disclaimer: The content is for informational purposes only. It is very important to do your own analysis before making any investment.