In this article, we will be looking at the 5 best dividend stocks to buy in August. If you want to see our detailed analysis of these stocks, you can go directly to the 10 Best Dividend Stocks to Buy in August.
5. Kinder Morgan, Inc. (NYSE: KMI)
Number of Hedge Fund Holders: 38
Dividend Yield: 6.2%
Kinder Morgan, Inc. (NYSE: KMI), an energy infrastructure company, operates as a leader in the energy industry in North America. The company owns and controls oil and gas pipelines and terminals and ranks 5th on our list of the best dividend stocks to buy in August.
Mizuho analyst Gabriel Moreen this July raised the price target on Kinder Morgan, Inc. (NYSE: KMI) shares. The new price target is $22, with Moreen also reiterating a Buy rating on the stock.
In the second quarter of 2021, Kinder Morgan, Inc. (NYSE: KMI) had an EPS of $0.23, beating estimates by $0.03. The company’s revenue was $3.15 billion, up 23.05% year over year and also beating estimates by $237.33 million. Kinder Morgan, Inc. (NYSE: KMI) has also gained 22.81% in the past 6 months and 27.06% year to date.
By the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey held stakes in Kinder Morgan, Inc. (NYSE: KMI) worth roughly $1.19 billion. This is compared to 42 hedge funds in the previous quarter with a total stake value of approximately $1.03 billion.
4. ONEOK, Inc. (NYSE: OKE)
Number of Hedge Fund Holders: 20
Dividend Yield: 7.3%
ONEOK, Inc. (NYSE: OKE) is a natural gas liquids company and a diversified Fortune 500 corporation. The company owns natural gas liquids systems and ranks 4th on our list of the best dividend stocks to buy in August.
Timm Schneider, an analyst at Citigroup, raised his price target on ONEOK, Inc. (NYSE: OKE) shares this June from $49 to $57. The analyst also holds a Neutral rating on shares of ONEOK, Inc. (NYSE: OKE).
In the second quarter of 2021, ONEOK, Inc. (NYSE: OKE) had an EPS of $0.77, beating estimates by $0.02. ONEOK, Inc. (NYSE: OKE) has also gained 21.9% in the past 6 months and 38.03% year to date.
By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in ONEOK, Inc. (NYSE: OKE) worth roughly $67.3 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $105 million.
3. AT&T Inc. (NYSE: T)
Number of Hedge Fund Holders: 63
Dividend Yield: 7.4%
AT&T Inc. (NYSE: T), a telecommunications company, ranks 3rd on our list of the best dividend stocks to buy in August. The company is based in the US and operates globally as the world’s largest telecommunications corporation and the largest mobile telephone services provider in the US.
Deutsche Bank has a Buy rating alongside a $37 price target on shares of AT&T Inc. (NYSE: T) as of this July, in light of the company’s positive Q2 results.
In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and also beating estimates by $1.32 billion.
By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.7 billion. This is compared to 58 hedge funds in the previous quarter with a total stake value of approximately $1.045 billion.
2. Arbor Realty Trust, Inc. (NYSE: ABR)
Number of Hedge Fund Holders: 21
Dividend Yield: 7.7%
Arbor Realty Trust, Inc. (NYSE: ABR) is a real estate investment trust company that is headquartered in New York. The company’s subsidiaries include Arbor Realty Partnership and Arbor Private Label among others, and it ranks 2nd on our list of the best dividend stocks to buy in August.
Charles Arestia, an analyst at JPMorgan, raised his price target on Arbor Realty Trust, Inc. (NYSE: ABR) shares just this April from $16.50 to $18. The analyst also holds an Overweight rating on shares of Arbor Realty Trust, Inc. (NYSE: ABR).
In the second quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.51, beating estimates by $0.07. The company’s revenue was $58.77 million, up 40.67% year over year and also beating estimates by $4.50 million. Arbor Realty Trust, Inc. (NYSE: ABR) has also gained 16.71% in the past 6 months and 29.88% year to date.
By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Arbor Realty Trust, Inc. (NYSE: ABR) worth roughly $103 million. This is compared to 14 hedge funds in the previous quarter with a total stake value of approximately $68.4 million.
1. AGNC Investment Corp. (NASDAQ: AGNC)
Number of Hedge Fund Holders: 18
Dividend Yield: 9.1%
AGNC Investment Corp. (NASDAQ: AGNC), another real estate investment trust company, is next in line on our list of the best dividend stocks to buy in August and ranks 1st. The company is based in Maryland and was founded in 2008.
Barclays analyst Mark DeVries holds an Overweight rating and a $17 price target on AGNC Investment Corp. (NASDAQ: AGNC) shares as of this July.
In the second quarter of 2021, AGNC Investment Corp. (NASDAQ: AGNC) had an FFO of $0.76, beating estimates by $0.11. The company’s revenue was $232 million, but missing estimates by $90.23 million. AGNC Investment Corp. (NASDAQ: AGNC) has also gained 2.11% year to date and 15.89% in the past year.
By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ: AGNC) worth roughly $167 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $353 million.
You can also take a look at 10 Best Dividend Paying Stocks to Buy Under $50 and 10 Best Dividend Stocks Under $20.
