Top 23 Stocks that Pay Dividends in August – 2024

Are you looking to maximize your August investment returns with dividend-paying stocks?

If so, you’re in the right place. As August approaches, investors are seeking reliable opportunities for stable income streams.  This comprehensive guide presents an in-depth analysis of 48 handpicked stocks that not only offer dividends but also show promising potential for this dynamic month. 

Best Stocks that Pay Dividends in August

Pioneer Natural Resources

With a substantial dividend yield of 6.90%, Pioneer Natural Resources attracts investors seeking a reliable income source. However, a high payout ratio of 98.60% raises concerns about sustainability and potential future growth.

>> Pioneer Natural Resources Dividend History

Eagle Bulk Shipping

Eagle Bulk Shipping stands out with a compelling dividend yield of 7.53%. Its moderate payout ratio of 58.46% indicates a balanced approach to distributing profits while maintaining financial stability.

>> Eagle Bulk Shipping Dividend History

Sempra

Sempra’s dividend yield of 3.41% suggests a moderate income potential for investors. Its relatively low payout ratio of 59.19% points towards a healthy balance between dividend distribution and retaining earnings for future investments.

>> Sempra Dividend History

Dynex Capital

Dynex Capital offers an impressive dividend yield of 16.25%, making it an attractive option for income-focused investors. However, the remarkably high payout ratio of 821.05% raises concerns about its sustainability and long-term viability.

>> Dynex Capital Dividend History

Arbor Realty Trust

Arbor Realty Trust presents a compelling dividend yield of 13.65%, making it an appealing choice for investors seeking significant returns. With a payout ratio of 93.60%, it shows a commitment to rewarding shareholders while maintaining financial stability.

>> Arbor Realty Trust Dividend History

Cal-Maine Foods

Cal-Maine Foods offers a respectable dividend yield of 9.46%, making it an attractive option for investors looking for steady income. With a moderate payout ratio of 39.78%, it signifies a balanced approach to distributing profits and reinvesting in the business.

>>Cal-Maine Foods Dividend History

Visa

Although Visa’s dividend yield is relatively low at 0.79%, it remains a prominent choice for investors due to its strong growth prospects. The conservative payout ratio of 21.74% indicates the company’s focus on reinvesting in its operations for future expansion.

Enbridge

Enbridge’s substantial dividend yield of 8.37% makes it an attractive option for income-seeking investors. However, the high payout ratio of 185.90% suggests potential risks in sustaining this level of dividend distribution in the long run.

>> Enbridge Dividend History

PetMed Express

PetMed Express offers an impressive dividend yield of 12.82%, making it a lucrative choice for income-focused investors. However, the exceptionally high payout ratio of 12000.00% raises concerns about the sustainability and future growth of dividends.

>> PetMed Express Dividend History

Bain Capital Specialty Finance

Bain Capital Specialty Finance presents a notable dividend yield of 11.44%, making it an appealing choice for investors seeking reliable income. With a payout ratio of 83.43%, it maintains a balance between rewarding shareholders and retaining earnings for business expansion.

>> Bain Capital Specialty Finance Dividend History

Cross Timbers Royalty Trust

Cross Timbers Royalty Trust presents a compelling dividend yield of 10.91%, providing investors with a steady income stream. However, the full payout ratio of 100.00% suggests a need for caution regarding the sustainability of dividend payments in the long term.

>> Cross Timbers Royalty Trust Dividend History

Great Ajax

Great Ajax boasts a remarkable dividend yield of 19.32%, attracting investors seeking substantial returns. However, the notably high payout ratio of 215.56% raises concerns about the company’s ability to sustain this level of dividend distribution over time.

>> Great Ajax Dividend History

New York Mortgage Trust

New York Mortgage Trust offers a competitive dividend yield of 15.82%, making it an attractive choice for investors seeking reliable income. However, the exceptionally high payout ratio of 800.00% indicates potential risks in sustaining this level of dividend distribution in the long run.

>> New York Mortgage Trust Dividend History

Oxford Square Capital

Oxford Square Capital provides a notable dividend yield of 14.63%, making it an appealing option for investors seeking steady income. However, the high payout ratio of 210.00% indicates potential risks in maintaining this level of dividend distribution over the long term.

>> Oxford Square Capital Dividend History

Ellington Financial

Ellington Financial’s dividend yield of 14.99% makes it an attractive choice for investors seeking stable income. However, the significantly high payout ratio of 391.30% raises concerns about the sustainability and long-term viability of the company’s dividend payments.

>> Ellington Financial Dividend History

Alliance Resource Partners

Alliance Resource Partners presents a respectable dividend yield of 12.46%, offering investors a reliable income source. With a moderate payout ratio of 40.85%, it maintains a balance between rewarding shareholders and retaining earnings for potential future growth.

>> Alliance Resource Partners Dividend History

Invesco Mortgage Capital

Invesco Mortgage Capital boasts a substantial dividend yield of 24.58%, making it an attractive option for income-focused investors. With a moderate payout ratio of 41.33%, it demonstrates a commitment to rewarding shareholders while maintaining financial stability.

>> Invesco Mortgage Capital Dividend History

Sachem Capital

Sachem Capital offers a notable dividend yield of 13.29%, making it an appealing choice for investors seeking reliable income. However, the relatively high payout ratio of 117.78% indicates potential risks in sustaining this level of dividend distribution over the long term.

>> Sachem Capital Dividend History

Natural Health Trends

Natural Health Trends presents an attractive dividend yield of 14.73%, making it a potential option for income-focused investors. However, the significantly high payout ratio of 3430.24% raises concerns about the sustainability and long-term viability of its dividend distribution.

>> Natural Health Trends Dividend History

Oxford Lane Capital

Oxford Lane Capital offers a substantial dividend yield of 20.92%, making it an appealing choice for investors seeking reliable income. With a moderate payout ratio of 70.00%, it demonstrates a balance between rewarding shareholders and retaining earnings for potential growth.

>> Oxford Lane Capital Dividend History

Orchid Island Capital

Orchid Island Capital boasts an impressive dividend yield of 23.84%, making it an attractive option for investors seeking significant returns. However, the notably high payout ratio of 1300.00% raises concerns about the company’s ability to sustain this level of dividend distribution.

>> Orchid Island Capital Dividend History

Templeton Dragon Fund

Templeton Dragon Fund offers a competitive dividend yield of 13.89%, providing investors with a stable income source.

>> Templeton Dragon Fund Dividend History

Enviva

Enviva’s remarkable dividend yield of 30.47% makes it a highly attractive option for income-seeking investors. However, the remarkably high payout ratio of 27900.00% raises significant concerns about the sustainability and long-term viability of the company’s dividend payments.

>> Enviva Dividend History

Are stocks that pay dividends in August a good investment?

Investing in dividend-paying stocks in August can offer a promising avenue for generating passive income and building a diversified portfolio. 

However, it’s essential to conduct thorough research and consider the overall market dynamics, economic indicators, and specific industry trends before making investment decisions. 

Assessing the stability of dividend payouts, company fundamentals, and the potential impact of seasonal fluctuations can provide a comprehensive understanding of whether these stocks align with your investment goals and risk tolerance. 

Understanding the interplay between seasonal market trends and dividend-paying stocks is vital in making well-informed and strategic investment choices.

Factors to Consider when Investing in stocks that pay dividends in august

When delving into the realm of dividend-paying stocks in August, it’s crucial to assess several key factors. 

Firstly, scrutinize the company’s historical dividend payment consistency, evaluating its ability to maintain a steady payout even during market fluctuations. 

Additionally, analyze the company’s financial health, including its revenue trends, debt-to-equity ratio, and cash flow stability. 

Considering the industry’s performance during the summer season and potential effects of market volatility can further guide your investment decisions. 

Furthermore, keep a close watch on any upcoming company announcements, mergers, or changes in the regulatory landscape, as these can significantly impact the stock’s performance and dividend distribution. 

Understanding these critical factors can help you make informed choices and maximize your gains in the ever-evolving stock market landscape.



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