Any time is a good time for income investors to buy dividend stocks. But certain times are better than others for specific stocks.

I think that's the case for several great picks with a new month underway. Here are three magnificent high-yield dividend stocks to buy hand over fist in August.

Many investors seemed to have all but thrown in the towel on  (NYSE: ABBV) until recently. Shares of the big drugmaker had plunged as much as 18% year to date by late June over worries about declining sales and profits.

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Source Fool.com