3 Dividend-Paying Industrial Stocks to Buy in August
These three companies have seen a lot over the years but still have each been able to increase their dividend payouts for 50-plus consecutive years.
Overview
The summer investing months are typically known for their sleepiness, with action picking up again in the final months to close out the year. But August is also a great time to do some portfolio review and maintenance.
As some may have experienced, the 20 most valuable chip stocks shed $1.3 trillion in value from July 24 to July 28, underscoring that portfolios can sometimes become too concentrated. Those owning Nvidia, Advanced Micro Devices, and Micron Technology during that chip sell-off may have seen their total portfolio quickly heading lower in value.
Details
While there's no such thing as a risk-free investment, Dividend Kings can help offer some portfolio protection, as well as provide diversification. For 50 or more consecutive years, those companies have increased their dividend payouts, no matter what the market throws at them or the state of the economy.
Source
Originally published at www.fool.com.