3 Top Dividend Stocks to Buy in August

With the Federal Reserve recently lowering interest rates, investors looking for income have to look beyond their savings accounts or ultra-safe bonds to find decent payments. Dividend stocks can often fill that role, but investors need to be careful as dividends are not guaranteed payments. Indeed, dividends can (and do) get cut if the going gets tough enough, and a dividend cut often takes the company's stock down with it.

To help you find companies with good dividends that look like they have staying power, we asked three Motley Fool contributors to share their picks for dividend stocks that looked like they would be worth buying this August. They selected Carnival (NYSE: CUK)(NYSE: CCL), ExxonMobil (NYSE: XOM), and Enbridge (NYSE: ENB). Here's why.

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Source Fool.com