10 Best Dividend Stocks to Buy in August

4. International Paper Company (NYSE:IP)

Ex-Dividend Date: August 15

International Paper Company (NYSE:IP), headquartered in Tennessee, produces a broad array of paper and packaging products. It also manufactures cellulose fibers, which are key components in items like diapers, baby wipes, and feminine hygiene products. The company sees potential for growth thanks to its involvement in e-commerce packaging, which now makes up roughly 18% of its total sales.

Earlier this year, International Paper Company (NYSE:IP) finalized the acquisition of DS Smith, a British multinational packaging firm. This strategic move positions the company as a global competitor in the packaging industry. Such consolidations are common in mature sectors and often lead to earnings growth by unlocking cost savings and revenue opportunities through the integration process.

On July 23, International Paper Company (NYSE:IP) announced a quarterly dividend of $0.4625 per share, which was in line with its previous dividend. Though the company does not have a dividend growth streak, it has paid regular dividends to shareholders since 1986. The stock supports a dividend yield of 3.33%, as of July 28.