5 Best September Dividend Stocks To Buy

4. Macy’s, Inc. (NYSE:M)

Ex-Dividend Date: September 14

Macy’s, Inc. (NYSE:M) is one of the largest and oldest retail companies in the US. The company operates a network of department stores that offer a wide range of products, including clothing, accessories, cosmetics, home goods, and more.

Macy’s, Inc. (NYSE:M) suspended its quarterly dividends during the pandemic of 2020 and reinstated its payouts after a year. It currently pays a quarterly dividend of $0.1654 per share for a dividend yield of 5.36%, as of August 29. It is one of the best dividend stocks on our list, trading ex-dividend in September.

At the end of the June quarter of 2023, 33 hedge funds tracked by Insider Monkey presented a bullish stance on Macy’s, Inc. (NYSE:M), compared with 28 funds in the previous quarter. The collective value of these stakes is over $675 million.