Dividend stocks are the heart and soul of any well-constructed portfolio. Having said that, there are so many dividend-paying stocks populating the landscape these days that it can be rather difficult to decide which ones best suit your long-term investing goals. With this in mind, our Foolish team of dividend experts offer their five top picks below that may be worth adding to your portfolio in the month of August.
So far in 2016, the market really isn't a fan of oil refiners, as rising oil prices have led to smaller refining margins. That makes now a great time to buy beaten-down refiners, and that is why HollyFrontier (NYSE: HFC) looks like a great dividend stock to buy in August. PepsiCo (NYSE: PEP) is a giant in nonalcoholic drinks and snacks. Enbridge (NYSE: ENB) pays its investors pretty well. In fact, at 4.3% the Canadian energy infrastructure giant's current yield is more than double the market's average as measured by the yield of the S&P 500.
Source: Fox Business
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