3 Top Dividend Stocks to Buy in September 2018

With trade wars and geopolitical turmoil roiling the stock market, finding the top dividend stocks to buy for monthly income is even more important now than ever before.

If the stock prices fall, you need companies that can compensate shareholders with dividend payouts. That helps offset losses in the stock price, and it can also help you earn yields that are higher than the pitiful rates of less than 1% banks offer for savings accounts.

top dividend stocksAnd because investors should always be looking ahead, we wanted to share three of the top dividend stocks to buy in September.

The first top dividend stock on our list is a company you're already familiar with. You almost certainly have this company's products in your home already.

But you may not know it's also a company that has boosted its dividend payout for 21 straight years...

Top Dividend Stocks to Own in September 2018, No. 3: J.M. Smucker Co.

There's a good chance you buy J.M. Smucker Co. (NYSE: SJM) products weekly.

The company owns Jif, Smucker's, Pillsbury, Crisco, and Hungry Jack. Your furry family members may also be eating J.M. Smucker's Milk-Bone dog snacks.

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The company is about to hike its dividend from $0.78 to $0.85 per share for investors of record on Aug. 16.

And because SJM has hiked its dividend for 21 years in a row, this is one of the top dividend stocks to own for long-term income.

Next in our list of top dividend stocks to own is a tech giant offering solid dividend payouts and stock price appreciation...

Top Dividend Stocks to Own in September 2018, No. 2: Apple Inc.

It's hard to find dividend stocks that also offer serious growth potential.

Fortunately, Apple Inc. (Nasdaq: AAPL) provides both...

Apple currently pays shareholders a dividend of $2.92, which is a yield of 1.41%.

But it gets better...

By 2020, the Apple stock price could climb to $300 per share. From today's (Aug. 16) opening price of $211.75, that's a potential profit of 41.67%.

And remember, you can always keep the dividends as income or have them work for you to buy more AAPL shares through a dividend reinvestment plan (DRIP).


Here's How DRIPs Work

Finally, our list of top dividend stocks to buy brings us to a company that pays a dividend of $2.32 per share, which is an astonishing yield of 9.8%.

Top Dividend Stocks to Own in September 2018, No. 1: Keurig Dr Pepper Inc.

You already know about the soft drink Dr Pepper, but you may not have known that the morning coffee in your office may come from Keurig Dr Pepper Inc. (NYSE: KDP).

The company sells the Keurig coffee systems, which has made the "K-Cup" famous.

After acquiring Dr Pepper Snapple Group in July, KDP projects its adjusted earnings per share (EPS) will be between $1.02 and $1.07. Wall Street analysts estimated EPS of $1.03, so the soda and coffee giant could exceed expectations in 2018.

And if it beats EPS projections, that can help the stock price climb.

In the next 12 months, Susquehanna Financial Group expects the KDP stock price to climb to $33 per share. From today's opening price of $23.45, that's a potential profit of 40.72%.

On top of that, KDP also pays a dividend of $2.32, which is a massive yield of 9.8%.

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