5 Best August Dividend Stocks To Buy

1. Union Pacific Corporation (NYSE:UNP)

Ex-Dividend Date: August 30

Union Pacific Corporation (NYSE:UNP) ranks first on our list of the best dividend stocks to buy in August. The American transport company currently pays a quarterly dividend of $1.30 per share and has a dividend yield of 2.23%, as of July 29. The company has been growing its dividends consistently for 16 years running.

Union Pacific Corporation (NYSE:UNP) was popular among hedge funds with 85 elite funds having stakes in the company in Q1 2023, according to Insider Monkey’s database. The stakes owned by these funds have a collective value of more than $4 billion.

Madison Investments mentioned Union Pacific Corporation (NYSE:UNP) in its Q2 2023 investor letter. Here is what the firm has to say:

“Union Pacific Corporation (NYSE:UNP) released its annual Sustainability report. Highlights include improved safety metrics as a result of its comprehensive approach to safe train operations through the use of technology in combination with training of its workforce. Train derailments declined by 21% compared to 2019. The company implemented a new qualitative cybersecurity risk management system to protect from cyber events. To date, the company has not experienced any material disruption due to a cyber attack or threat. The report also highlighted its annual giving with $24 million in donations across 2,500 non-profit organizations in 2022.”

You can also take a look at 11 Best Logistics Stocks to Buy and 15 Best Russell 2000 Stocks To Buy Now

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