1 Dividend-Paying Dow Jones Stock to Buy in August

With just 30 components, the Dow Jones Industrial Average isn't as representative of the broader market as the S 500 or Nasdaq Composite. But it's still an excellent resource for finding high-quality, industry-leading companies, many of which pay dividends.

After nearly making an all-time high in July, Dow Jones component Honeywell International (NASDAQ: HON) is down 9.8% in the past month. The sell-off may come as a surprise, given that Honeywell delivered a great quarter, raised its guidance, and is producing high operating margins across its business segments.

Here's why the dividend stock is a great buy in August.

Source Fool.com