10 Best Dividend Stocks to Buy in August

5. Donaldson Company, Inc. (NYSE:DCI)

Ex-Dividend Date: August 12

Donaldson Company, Inc. (NYSE:DCI) is among the best dividend stocks to invest in. On July 25, the company declared a quarterly dividend of $0.30 per share, which was consistent with its previous dividend. Overall, it has been growing its payouts for 29 years, which makes it a prominent Dividend Champion. As of July 28, the stock has a dividend yield of 2.49%.

Donaldson Company, Inc. (NYSE:DCI) showcased solid performance in fiscal Q3 2025, delivering record sales and record adjusted earnings per share. The company raised its full-year earnings guidance and ramped up its share repurchase efforts, having bought back 3.3% of its outstanding shares since the beginning of the year. Quarterly revenue came in at $940.1 million, a 1.3% increase year-over-year and ahead of analyst expectations by $6.65 million.

Over the first nine months of the fiscal year, Donaldson Company, Inc. (NYSE:DCI) generated $251 million in operating cash flow and held $178.5 million in cash and cash equivalents. It also remained focused on shareholder returns, distributing $32.3 million in dividends during the third quarter. The company’s strong cash position makes it a reliable stock among income investors.