Many stocks pay dividends, but selecting the right ones can be challenging. For example, what if you’re looking for a specific payment schedule? The stocks listed in this article pay dividends each February, May, August, and November. But, that’s not the only thing to consider when buying dividend stocks.
When looking for stocks that pay dividends, you’ll want to consider several factors, including the company’s financial stability, the dividend yield, and the payout ratio. You’ll also want to research the company to ensure they have a history of paying out dividends and that the dividend is sustainable.
For this reason, I like stocks that are part of the Dividend Aristocrats and Dividend Kings lists. Dividend aristocrats are S&P500 listed companies that have raised their dividends for at least 25 consecutive years. And companies on the even more elite list, dividend kings, have raised their dividends for at least 50 consecutive years. Dividend kings aren’t necessarily aristocrats as they don’t need to be on the S&P500.
This article will cover the following stocks that are members of both lists and that (usually) pay dividends in February, May, August, and November.
List Of Dividend Stocks Covered In This Article
- Abbott Laboratories (ABT)
- Abbvie (ABBV)
- ABM Industries (ABM)
- Air Products and Chemicals (APD)
- A.O. Smith Corp (AOS)
- Caterpillar Inc. (CAT)
- Colgate-Palmolive Company (CL)
- Clorox Company (CLX)
- General Dynamics Corp (GD)
- H.B Fuller Corp (FUL)
- Hormel Foods Corp (HRL)
- Lowe’s Companies (LOW)
- Nucor Corp (NUE)
- Pentair Ltd. (PNR)
- Proctor & Gamble Company (PG)
- Realty Income Corp (O)
- Universal Corp (UVV)
- Walmart Inc. (WMT)
- West Pharmaceutical Services (WST)
The companies on the list have durable competitive advantages and dividend-friendly management. However, just because they are on the list doesn’t mean you should necessarily buy them.
Investing in dividend stocks means waiting for the right time and being prepared to pull the trigger when the opportunity presents itself.
4 Common Dividend Payout schedules
There are four common dividend payout schedules:
- Quarterly (four times per year)
- Semi-annual (twice per year)
- Annual (once per year)
- Monthly (12 times per year)
The stocks on this list have a quarterly dividend payout schedule, meaning they pay dividends once every three months.
Investors may be familiar with a stocks’ ex-dividend date and the payable date for dividends. The ex-dividend date is when the shareholder can sell their stock and still collect the dividend. The payable date is the date the funds will hit your brokerage account.
If you own stocks that pay dividends in all four quarters, you will get cash deposited to your brokerage account every month.
19 Dividend Stocks That Pay In February, May, August, and November
Stocks that pay quarterly dividends do so on one of the following schedules:
- January, April, July, and October,
- February, May, August, November, and
- March, June, September, December.
The following 19 companies pay a dividend in February, May, August, and November.
Abbott Laboratories is a medical device and pharmaceutical company that has been in business for over 134 years. Some of their well-known products include Similac and Ensure. The company is also a significant player in the medical device market, with products such as heart valves and stents.
Abbott Laboratories has a long history of paying dividends, and the company currently pays $1.88 per common share.
AbbVie is a global, research-based biopharmaceutical company formed in 2013 after the separation of Abbott Laboratories. The company’s mission is to leverage its people, expertise, and unique approach to innovation to create and sell advanced therapies that address some of the world’s most complex and severe diseases.
AbbVie has a diversified portfolio of products. The company’s flagship product is the blockbuster anti-inflammatory drug Humira, which is FDA-approved for treating several conditions, including Crohn’s disease, ulcerative colitis, and rheumatoid arthritis.
AbbVie also has several other products, including the HIV treatments Kaletra and Viekira Pak. The company currently pays $5.64 a share in dividends annually.
ABM Industries Incorporated is a leading provider of facility solutions with operations in the United States and Canada. ABM’s comprehensive capabilities include electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, janitorial, landscape & turf, mission-critical solutions, and parking, provided through stand-alone or integrated solutions.
The company completed the acquisition of janitorial services and engineering company Able Services in September 2021. ABM Industries has increased its dividend for 55 consecutive years, making the company a Dividend King.
Air Products and Chemicals
Air Products and Chemicals, Inc. is a global leader in atmospheric gases and process and specialty gases. The company has operations in over 50 countries and serves more than one million customers.
The company provides a wide range of products and services to various industries, including healthcare, food and beverage, electronics, energy, transportation, chemicals, and manufacturing.
Air Products and Chemicals has raised its dividend each year for the past 40 years, including a recent 8% increase on February 3rd.
A.O. Smith Corp
A.O. Smith Corp was founded in 1874 in Milwaukee, Wisconsin, and today has more than 13,000 employees. The company is a leading manufacturer of residential and commercial water heaters and a provider of water treatment solutions.
A.O. Smith recently increased its dividend for the 28th consecutive year. The company has increased its dividend at a compound annual growth rate above 17% over the past five years.
Caterpillar Inc. is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company also provides a wide range of financial products and services to customers worldwide.
Caterpillar has a long history of paying dividends, and the current quarterly dividend on common shares is $1.11.
Colgate-Palmolive is a global consumer products company with a diversified product portfolio that includes personal care, oral care (i.e., toothpaste), home care, and pet nutrition products. Consumers will find the company’s products in over 200 countries and territories worldwide. Colgate-Palmolive has paid dividends on time on its common stock since 1895, and the current annual dividend is $1.80/share.
The Clorox Company is another leading manufacturer of consumer and professional products. The company’s product portfolio includes household cleaning, food and beverage, personal care, and health care products. Consumers will find Clorox’s products in over 100 countries around the world.
Clorox shareholders currently receive $4.64 per common share on an annualized basis.
General Dynamics Corp
Founded in 1952, General Dynamics is a leading aerospace and defense company headquartered in Reston, Virginia. The company’s products and services include business jets, combat vehicles, submarines, communications systems, and information technology solutions.
General Dynamics has a long history of increasing dividends. Investors who’ve owned shares of GD since 2000 would have seen their dividend income increase near 10x from $0.52/share to $5.04/share on an annualized basis (where it’s at today).
H.B Fuller Corp
H.B. Fuller is a leading adhesive, sealants, and surface treatments company. The company’s products get used in a wide range of applications, including construction, automotive, aerospace, and electronics. Astute dividend growth investors will note this company is a dividend king but not an aristocrat. Indeed, it’s because H.B. Fuller Corp shares do not trade on the S&P500.
That said, the company has an impressive streak of dividend increases. For example, for 2022, they raised their dividend by 13.4 percent to 19 cents per share in April 2022.
Hormel Foods Corp
Hormel Foods is a global branded food company that generates approximately $11 billion in annual sales. Some of its core brands include Planters®, SKIPPY®, SPAM®, Applegate®, Justin’s®, Jennie-O®, WHOLLY®, Herdez®, and more than 30 others.
These brands have led to steady growth for years. Over the last ten years, the company’s diluted earnings-per-share grew at a 6.7% annual rate through 2021. This consistent growth has allowed Hormel Foods to increase its dividend for 56 consecutive years, solidifying its position as a dividend king.
Lowe’s Companies is a leading competitor to Home Depot. A leading home improvement retailer, the company operates nearly 2,200 stores in the United States and Canada. Lowe’s offers a wide variety of products and services for home improvement, including lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and more.
Lowe’s Companies payout ratio was just 24.9% last year. In other words, only 24.9% of net profits got distributed to shareholders in dividends. As a result, this allows Lowe’s Companies lots of room for shareholder value as it can grow their dividend while embarking on share repurchase and debt paydown programs.
Nucor is a leading steel producer in the United States. The company operates in three segments: steel mills, steel products, and raw materials and products, including hot-rolled, cold-finished, and galvanized steel products.
Nucor has increased its dividend for 48 consecutive years – which is impressive considering the volatility of raw materials. The company currently pays an annual dividend of $2.00 per common share.
Incorporated in Ireland and based in the United States, Pentair is a leading provider of water management solutions. The company’s products include pumps, valves, filters, and other water treatment products. Pentair’s products are used in various applications, including residential, commercial, industrial, and agricultural.
Pentair currently pays an annual dividend of $0.84.
Proctor & Gamble Company
The Procter & Gamble Company is a leading consumer goods company and on the dividend kings list. The company’s product portfolio includes Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, and many more. Consumers will find Procter & Gamble’s products in over 180 countries worldwide.
Since its incorporation in 1890, Proctor & Gamble has paid a dividend to shareholders. And impressively, P&G has increased its dividend for each of the past 66 years.
Realty Income Corp
Realty Income is a leading real estate investment trust (REIT). The company owns and operates a portfolio of over 11,000 commercial properties and leases its properties to various tenants, including retail, office, industrial, and other businesses.
Dividend investors looking for stocks with a monthly payout will be happy as this company doesn’t just pay dividends in February, May, August, and November. Realty Income is the only company on this list that pays dividends monthly.
Universal Corporation is a leading provider of tobacco products and services. While not a dividend aristocrat, this company has increased its dividend for 51 years in a row, qualifying it as a dividend king.
The company’s products get made into cigarettes, cigars, and pipe tobacco. Universal Corporation’s products get sold in over 180 countries around the world.
Today, Universal Corp is one of the highest-yielding stocks on the dividend kings list. However, a high dividend yield does not necessarily mean investors should buy it. People use tobacco products less and less. And as a result, Universal Corp’s revenue growth has been negative over the past five years. Still, if the company can grow into new verticals, it could breakout newfound shareholder value.
Walmart is a leading retailer with over 2.3 million employees working in 10,500 stores in 24 countries worldwide. The company offers a wide variety of merchandise, including food, apparel, electronics, and more.
One of Walmart’s significant competitive advantages is that it can perform better when times are tough. Indeed, when there is a recession, consumers flock to lower-cost outlets, and this is where Walmart shines.
Walmart currently pays $2.34 a common share as a dividend.
West Pharmaceutical Services
West Pharmaceutical Services is a leading drug delivery tech company. The company’s products include vials, syringes, and other delivery devices. West Pharmaceutical Services’ products get used in a wide range of applications, including hospital, home care, and retail pharmacy.
West Pharmaceuticals does well, thanks to the growth in healthcare. Indeed, an aging population translates to higher demand for the healthcare system.
The company has raised its dividend for 29 consecutive years and pays $0.72 per common share.
Of the 66 Dividend Aristocrats and 37 Dividend kings stocks, these were the ones that pay dividends in February, May, August, and November. Moreover, investing in stocks that pay dividends can be a great way to generate income. However, it’s essential that investors do their research before investing.