With the recent market crash causing fear among investors, it’s important to look for stable dividend stocks to buy in August. Here are two options to consider:
1. Johnson & Johnson (NYSE: JNJ) has a long history of paying dividends and is known for its stability. The healthcare giant has a diversified business model that includes pharmaceuticals, medical devices, and consumer health products. With a strong balance sheet and a track record of increasing dividends, Johnson & Johnson is a solid choice for investors looking for stability during uncertain times.
2. Procter & Gamble (NYSE: PG) is another reliable dividend stock to consider. The consumer goods company has a portfolio of well-known brands like Tide, Pampers, and Gillette, which provide a steady stream of revenue. Procter & Gamble has a long history of paying dividends and has increased its dividend for over 60 consecutive years. With a focus on innovation and cost-cutting measures, Procter & Gamble is well-positioned to weather market volatility.
Both Johnson & Johnson and Procter & Gamble offer investors the opportunity to earn passive income through dividends while also providing stability during turbulent market conditions. Consider adding these dividend stocks to your portfolio in August to help alleviate fears of a market crash.