18 stocks that pay dividends in August

If you’re setting up a monthly dividend portfolio, knowing a stock’s usual payment schedule is useful. The following list includes stocks that pay dividends in August.

Dividend Aristocrats are companies from the S&P 500 with a history of paying and increasing their dividends for 25 years or more. As part of putting together a monthly dividend portfolio, consistent dividend histories help you build a likely reliable passive income stream.

Vintage metal type in August to look at stocks that pay dividends in August

One quick note I should mention. I’m not a licensed financial planner. The content on this website should be considered for information purposes and should not be considered investment advice. Always do your own research before making financial decisions. Or check with your favorite financial professional for additional information on what’s best to do for your situation.

18 Dividend Aristocrat stocks that pay dividends in August

The following 18 Dividend Aristocrats are not the only stocks that pay dividends in August. This list will help you get started in researching potential stocks for your monthly dividend portfolio.

Unless otherwise indicated these stocks also follow a pattern where they payout dividends in the second month of each quarter: February, May, August, and November. The payout increases vary from company to company and don’t follow a pattern within the industries.

For the companies that pay in August, different sectors are represented from health care to materials to real estate.

The 18 Dividend Aristocrats that pay dividends in August (based on their historical payments) include:

SymbolCompany NameSectorPayout Increase
ABBVAbbVie Inc.Health CareFebruary
ABTAbbott LaboratoriesHealth CareFebruary
ADMArcher-Daniels-Midland CoConsumer StaplesFebruary
AOSA.O. SmithIndustrialsNovember
APDAir Products & Chemicals IncMaterialsMay
CATCaterpillar IncIndustrialsAugust
CLColgate-PalmoliveConsumer StaplesMay
CLXThe Clorox CompanyConsumer StaplesAugust
GDGeneral DynamicsIndustrialsMay
HRLHormel Foods CorpConsumer StaplesFebruary
LOWLowe’s Companies, Inc.Consumer DiscretionaryAugust
NUENucorMaterialsFebruary
O**Realty IncomeReal EstateVaries (pays monthly)
PBCTPeople’s United FinancialFinancialsMay
PGProcter & GambleConsumer StaplesMay
PNRPentairIndustrialsFebruary
TAT&TCommunication ServicesFebruary (typically)
WST*West Pharmaceutical Services IncHealth CareNovember

* Added to the Dividend Aristocrats list as of December 2020

** Realty Income (O) is a monthly paying Real Estate Investment Trust (REIT). It was also added to the Dividend Aristocrats list as of December 2020.

AbbVie Inc. (ABBV)

AbbVie Inc., incorporated in 2012, is based in North Chicago, Illinois. It discovers, develops, manufactures, and sells pharmaceuticals worldwide. AbbVie Inc. has historically increased its dividend in February.

  • Sector: Health Care
  • Industry: Biotechnology

Abbott Laboratories (ABT)

Abbott Laboratories, founded in 1888 and is based in North Chicago, Illinois. It discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Diagnostic Products, Established Pharmaceutical Products, Medical Devices, and Nutritional Products. Abbott Laboratories has historically increased its payments in February.

  • Sector: Health Care
  • Industry: Health Care Equipment

Archer-Daniels-Midland Co (ADM)

ABM Industries Incorporated, founded in 1909, is headquartered in New York, New York. It provides integrated facility solutions in the United States and internationally. Archer-Daniels-Midland Co typically pays its dividends in February, May, August, and November, and has historically increased its dividend in February.

  • Sector: Consumer Staples
  • Industry: Agricultural Products

A.O. Smith (AOS)

A. O. Smith Corporation, founded in 1874 and is headquartered in Milwaukee, Wisconsin. It manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. A.O. Smith has historically increased its payments in November.

  • Sector: Industrials
  • Industry: Building Products

Air Products & Chemicals Inc. (APD)

Air Products & Chemicals, founded in 1940 is headquartered in Allentown, Pennsylvania. It provides atmospheric gases, process, and specialty gases, equipment, and services worldwide. Historically it has increased its dividend in May.

  • Sector: Materials
  • Industry: Industrial Gases

Caterpillar Inc. (CAT)

Caterpillar Inc., founded in 1925, is headquartered in Deerfield, Illinois. It manufactures and sells construction and mining equipment, diesel-electric locomotives, industrial gas turbines, and diesel and natural gas engines, worldwide. Caterpillar has historically increased its dividend in August.

  • Sector: Industrials
  • Industry: Construction Machinery and Heavy Trucks

Colgate-Palmolive (CL)

Colgate-Palmolive, founded in 1806, is headquartered in New York, New York. It manufactures and sells consumer products worldwide together with its subsidiaries. Colgate-Palmolive operates in two segments: Oral, Personal and Home Care, and Pet Nutrition. Historically it has increased its dividend in May.

  • Sector: Consumer Staples
  • Industry: Household Products

The Clorox Company (CLX)

The Clorox Company, founded in 1913, is headered in Oakland, California. It manufactures and markets consumer and professional products worldwide. The Clorox Company operates through four segments: Health and Wellness, Household, Lifestyle, and International. Historically it has increased its dividend in August.

  • Sector: Consumer Staples
  • Industry: Household Products

General Dynamics (GD)

General Dynamics, founded in 1899, is headquartered in Reston, Virginia. It is an aerospace and defense company. It operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Historically it has updated its dividend in May.

  • Sector: Industrials
  • Industry: Aerospace and Defense

Hormel Foods Corp (HRL)

Hormel Foods Corp, founded in 1891, is headquartered in Austin, Minnesota. It produces and markets various meat and food products to retail, deli, foodservice, and commercial customers in the United States and internationally. Hormel Foods typically raises its dividend in February.

  • Sector: Consumer Staples
  • Industry: Packaged Foods and Meats

Lowe’s Companies, Inc. (LOW)

Lowe’s Companies, Inc., founded in 1921, is headquartered in Mooresville, North Carolina. It operates as a home improvement retailer in the United States and internationally together with its subsidiaries. Lowe’s typically increases its dividend in August.

  • Sector: Consumer Discretionary
  • Industry: Home Improvement Retail

Nucor (NUE)

Nucor, incorporated in 1958, is headquartered in Charlotte, North Carolina. It manufactures and sells steel and steel products. Nucor operates in three segments: Steel Mills, Steel Products, and Raw Materials. It typically increases its dividend in February.

  • Sector: Materials
  • Industry: Steel

Realty Income (O)

Realty Income, founded in 1969, is headquartered in San Diego, California. It is a real estate investment trust (REIT) whose monthly dividend is supported by over 6,700 real estate properties that generate rental revenue from long-term lease agreements with commercial clients. It typically increases its dividend quarterly.

  • Sector: Real Estate
  • Industry: Retail REIT

Realty Income doesn’t follow one of the typical dividend payout patterns. It typically pays out monthly and was added to the Dividend Aristocrats list in 2020.

People’s United Financial (PBCT)

People’s United Financial, founded in 1842, is headquartered in Bridgeport, Connecticut. It operates as the bank holding company for People’s United Bank, National Association that provides retail banking, commercial banking, and wealth management services to individual, corporate, and municipal customers. It typically increases its dividend in May.

  • Sector: Financials
  • Industry: Regional Banks

Procter & Gamble (PG)

Procter & Gamble, founded in 1837, is headquartered in Cincinnati, Ohio. It provides branded consumer packaged goods to consumers internationally.  Procter & Gamble operates in five segments: Beauty; Fabric & Home Care; Grooming; Health Care; and Baby, Feminine & Family Care. It typically increases its dividend in May.

  • Sector: Consumer Staples
  • Industry: Household Products

Pentair (PNR)

Pentair, founded in 1966, is headquartered in London, the United Kingdom. It provides various smart water solutions worldwide. Pentair operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. It typically increases its dividend in February.

  • Sector: Industrials
  • Industry: Industrial Machinery

AT&T (T)

AT&T, incorporated in 1983, is headquartered in Dallas, Texas. It provides telecommunication, media, and technology services worldwide. AT&T operates in 3 segments: Communications, WarnerMedia, and Latin America. It typically increases its dividend in February.

  • Sector: Communication Services
  • Industry: Integrated Telecommunication Services

West Pharmaceutical Services Inc (WST)

West Pharmaceutical Services, incorporated in 1923, is headquartered in Exton, Pennsylvania. It designs and produces containment and delivery systems for injectable drugs and healthcare products. It operates in two segments: Proprietary Products and Contract-Manufactured Products. West Pharmaceutical Services typically increases its dividend in November. West Pharmaceutical Services was added to the Dividend Aristocrats list as of December 2020.

  • Sector: Health Care
  • Industry: Health Care Supplies

3 August dividend paying stocks that also increase their dividends in August

Of the 18 Dividend Aristocrats that pay their dividends this month, these August dividend paying stocks have also historically increased their annual dividend in August. The 3 August dividend stocks include:

  • Caterpillar Inc. (CAT)
  • The Clorox Company (CLX)
  • Lowe’s Companies, Inc. (LOW)

2 Dividend Aristocrats were added in 2020 that pay in August

If you’ve been looking to further diversify your portfolio, as part of the update S&P did to the Dividend Aristocrats list at the end of 2020, 00 new August dividend payers were added.

  • Realty Income (O)
  • West Pharmaceutical Services Inc (WST)

These 2 companies are from the real estate and health care sectors respectively.

Related: 17 stocks that pay dividends in February, May, August, November

Wrapping up. Are you creating a dividend portfolio aligned to the calendar?

With research and double-checking the dividend payment histories of stocks you create a passive income portfolio. There are more than the 18 stocks listed above that will likely pay dividends in August. What is important to you as you design your investment portfolio?

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18 stocks that pay dividends in August