3 Magnificent Dividend Stocks to Buy in October

Cousin Eddie in the movie Christmas Vacation thought a one-year membership in the Jelly of the Month club was "the gift that keeps on giving the whole year." But for investors, there's an even better gift that keeps on giving: dividend stocks.

Three Motley Fool contributors believe they have identified magnificent dividend stocks to buy in October -- and all of them are drugmakers. Here's why they picked (NYSE: ABBV), Amgen (NASDAQ: AMGN), and Pfizer (NYSE: PFE).

Prosper Junior Bakiny (AbbVie): There are many factors to consider when looking for top dividend stocks. Here are three of the most important: a company's track record of dividend payments, its yield, and -- of course -- the strength of its underlying business.

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Source Fool.com