5 Best August Dividend Stocks To Buy

4. Cintas Corporation (NASDAQ:CTAS)

Ex-Dividend Date: August 14

Cintas Corporation (NASDAQ:CTAS) is an Ohio-based business services company that provides a range of businesses and services to its consumers. The company generated $2.28 billion in revenues in the third quarter of 2023, which was up 10.1% from the same period last year. During the quarter, it returned $117.6 million to shareholders in dividends, which showed a 20.6% growth from the amount paid last June.

On July 25, Cintas Corporation (NASDAQ:CTAS) declared a quarterly dividend of $1.35 per share, having raised it by 17.4%. Through this increase, the company stretched its dividend growth streak to 40 years, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 1.07%, as of July 29.

As of the close of Q1 2023, 39 hedge funds in Insider Monkey’s database reported having stakes in Cintas Corporation (NASDAQ:CTAS), compared with 45 in the preceding quarter. The consolidated value of these stakes is over $1.48 billion.