3 Top Dividend Stocks to Buy in August
In a market filled with volatility that seems less and less reliant on fundamentals with each passing day, risk-adverse investors may be better off looking for stocks that generate reliable streams of passive income.
Dividend stocks are not risk-free, of course. However, as long as investors can gain confidence in a company's ability to cover and pay its dividends, they can be on their way to consistently accumulating wealth in a more predictable manner, which may be preferable if market conditions take a turn for the worse. Here are three top Dividend stocks to buy in August.
The self-proclaimed Monthly Dividend Company, Realty Income (NYSE: O) is a real estate investment trust (REIT). These are companies known for paying strong dividends. REITs can avoid paying corporate taxes if they pay out over 90% of their taxable income to shareholders through dividends and follow other conditions like earning at least 75% of their income from qualifying real estate activities.
Source Fool.com
