Top 10 high-dividend stocks to watch in August 2024, featuring companies with strong dividend yields

One of the things that investors can use, especially those who want their primary objective to be receiving constant money, is high-income stocks. Dividend stocks provide the investors with a constant path for the earnings of the dividends and at the same time, they may benefit from the capital appreciation. Some high-dividend stocks catch the eye due to their high yields and also good financial performance as we enter August 2024. These are the top 10 high-dividend stocks that will be in focus this month.

1.AT&T Inc. T

Dividend Yield: 7.5%
The telecom giant AT&T (T) is still particularly attractive to clients looking for regularly paid dividends as it has a proven track record, along with high-resistance investment characteristics. Being a competitor in a tough industry, the firm has been able to hold on to and keep up with its dividend payments by pulling in strong cash flows from the variety of services like wireless, broadband, and media it offers.

2.ExxonMobil Corporation (XOM)

Dividend Yield: 5.8%
Among the largest oil and gas companies in the world, ExxonMobil would appear to stand at the forefront of contenders for dividend-seeking investors. The strong performance of financials, high commodity pricing, and everything else works in its favor to justify paying a substantial dividend yield. The intense focus on returns to shareholders and stability in the oil market looks well-placed for ExxonMobil to continue these attractive dividend payments.

3. Verizon Communications Inc. VZ

 Dividend Yield: 6.2%
The second leading telecom player is Verizon, with assured dividends. Sound network infrastructure and large customer turnover are two major reasons for a high, solid cash flow, which facilitates high dividend yields. With a policy of returning value to shareholders, Verizon would be very attractive to income investors.

4. Pfizer Inc. (PFE)

Dividend Yield: 4.9%
One of the largest pharmaceutical companies, Pfizer has a strong dividend yield that is backed by a solid drug and vaccine pipeline. The company’s brilliant performance in the vaccine market recently and continuous research and development have paid dividends consistently. A good portion of these revenue streams are stable and make Pfizer a safe bet for dividend investors.

5. Johnson & Johnson (JNJ)

Dividend Yield: 3.6%
Johnson & Johnson is one of the global healthcare leaders with a safe dividend yield. The vast product line the company offers in pharmaceuticals, medical devices, and health products guarantees a stable revenue stream. Johnson & Johnson is committed to growing dividends and financial stability, reinforcing the idea that this is a compelling idea for investment for income-seeking investors.

6. Realty Income Corporation (O)

Dividend Yield: 5.4%
Realty Income is often referred to as “The Monthly Dividend Champion” for its strategy of putting money into real estate to ensure monthly earnings for its stockholders. The organization has warehouse and shopping center acquisitions combined with strong leases, and there tends to be a constant supply of rental income. This financial aspect presents Realty Income as a major purchasing option for income-driven investors, who are tempted by its regular payouts and vigorous return on investment.

7. Chevron Corporation (CVX)

Dividend Yield: 5.6%
Connecting the dots in the sector of oil and gas, Chevron incorporates another one that will bring its shareholders a corporate dividend of good earnings and cash flow. Through their constant effort of refunding shareholders and prudent capital management, Chevron has succeeded in presenting expected dividends in a short period. This flexibility of the company enables it to become a nice shoal of calm in times of volatility and is the first choice of those investors hunting for income stability.

8. Procter & Gamble Co. (PG)

Dividend Yield: 2.9%
The company is the world’s largest company in terms of consumer demand and it has a rich history of dividends as well as a vast brand package. They create different products that are used in the home and by people. Therefore, the revenue stream is diversified. Procter & Gamble has indeed been able to increase dividends in the past, which means the income investor can rely on this security for the payment of the dividends.

9. Caterpillar Inc. CAT

Dividend Yield: 3.2%

Caterpillar Inc. is one of the larger manufacturers of construction and mining equipment. It provides investors with a competitive dividend yield, based on dominant market position and international exposure. A consistent generation of cash flow and commitment to returns to shareholders back the company’s ability to pay attractive dividends. The reliability of its dividend payment, with the potential to grow, makes Caterpillar a very meaningful opportunity for income-oriented investors.

10.AbbVie Inc. ABBV

Dividend Yield: 4.7%
AbbVie is a biopharmaceutical company that sells its products globally and is known for one of the highest yields and commitment to returning value to shareholders through dividends. It enjoys a diversified portfolio of drugs in high demand and has made some smart acquisitions, which will help it in both paying and growing its dividends. So, in this sense, AbbVie is a company that represents an excellent opportunity for dividend investors with a great interest in both consolidating solid financial performances and stable dividends.

Conclusion

High dividend-paying stocks form the source of income, besides providing capital appreciation on the investment. These ten stocks including AT&T, ExxonMobil, Verizon, Pfizer, Johnson & Johnson, Realty Income, Chevron, Procter & Gamble, Caterpillar, and AbbVie are prime examples of strong dividend yields from stocks capable of solid financial performance. As one would do, one needs to carry out due diligence with any form of investment, and this calls for research to ensure that your financial goals are aligned with the investment decisions. Watch out for this high-dividend stock in August 2024; this might well be one of those rare opportunities for both steady income and long-term growth.