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Top Dividend Stocks For August

Markets were well into the green this morning as Apple Inc AAPL hit the $2 trillion market cap mark in just 2 years after hitting the first trillion. Incredible to think as it took Apple 42 years to hit the first milestone, and most of the second trillion came in the last 21 weeks during a global pandemic, as the global economy shrank faster than ever before. Incredulous times. A couple of retail behemoths also had excellent earnings this morning with Target TGT and Lowe’s blowing past expectations. There does seem to be some risk out there, in contrast, as Washington looks deadlocked on passing a second coronavirus stimulus package and as states still have elevated caseloads. Unemployment remains above 10.2% from the July report, but there does seem to be some turnaround in the economy at this point. Our deep learning algorithms and Artificial Intelligence (“AI”) technology has gone through some data this morning to provide you with the Top Dividend Stocks to invest in with your portfolio.

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Microsoft Corp (MSFT)

First on the Top Dividend Stocks list is no small player in Microsoft Corp MSFT . The company develops and licenses consumer and enterprise software, known for its Windows operating systems and Office productivity suite. The stock has done incredibly well this year, up 31.67%, and looks to continue its march upwards. Revenue was $143015.0M in the last fiscal year, which compares to $110360.0M three years ago. Operating Income was $52959.0M in the last fiscal year, versus $35058.0M three years ago. EPS was $5.76 in the last fiscal year, compared to $2.13 three years ago. ROE was 40.14% in the last year, well higher than the 19.45% three years ago. The stock is trading with a forward 12M P/E of 32.86.

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Lowe’s Cos Inc (LOW)

Next on the list is Lowe’s Cos Inc, which just had a blockbuster quarter showing a 30% revenue growth. The company is the second- largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. The stock has gained 31.09% for the year already. Revenue grew by 11.43% in the last fiscal year to $72148.0M and grew by 17.16% over the last three fiscal years from $68619.0M three years ago. Operating Income grew by 32.68% in the last fiscal year to $6579.0M, and grew by 32.54% over the last three fiscal years from $6586.0M three years ago. EPS grew by 36.66% in the last fiscal year to $5.49, a growth of 83.44% over the last three fiscal years from $4.09 three years ago. ROE was 152.46% in the last year, which compares to 56.02% three years ago. The stock is trading with a forward 12M P/E of 21.39.

MORE FROM FORBESLowe’s (LOW)

Abbott Laboratories (ABT)

Next on the Top Dividend Stock list is Abbott Laboratories ABT  with AI-based factor scores of B in Technical, C in Growth, A in Momentum Volatility, and B in Quality Value. The company manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. The stock is up 16.11% for the year already. Revenue grew by 14.8% over the last three fiscal years from $31904.0M in the last fiscal compared to $27390.0M three years ago. Operating Income grew by 49.86% over the last three fiscal years to $4895.0M in the last fiscal year, versus $2938.0M three years ago. EPS grew by 543.59% over the last three fiscal to $2.06 in the last fiscal, which compares to $0.27 three years ago. ROE was 11.89% in the last year and compares to 1.36% three years ago. Forward 12M Revenue is expected to grow by 7.01% and the stock is trading with a forward 12M P/E of 26.55.

MORE FROM FORBESAbbott Laboratories (ABT)

Walmart Inc (WMT)

Another retail giant that recently had extremely strong earnings makes the Top Dividend Stocks today in Walmart Inc WMT . Our AI systems have identified factor scores of rated C in Technical, B in Growth, A in Momentum Volatility, and C in Quality Value for the stock that is up 13.26% for the year already. The company is America’s largest retailer by sales, and operates over 11,500 stores under 56 banners, selling a variety of general merchandise and grocery items. Its home market accounted for 77% of sales in fiscal 2020, with Mexico and Central America (6%), the United Kingdom (6%), and Canada (4%) its largest external markets. As for the financials, revenue grew by 3.45% in the last fiscal year to $523964.0M, and grew by 8.33% over the last three fiscal years from $500343.0M three years ago. Operating Income grew by 3.52% in the last fiscal year to $21468.0M, and grew by 6.14% over the last three fiscal years from $20937.0M three years ago. EPS grew by 20.77% in the last fiscal year to $5.19, and grew by 91.1% over the last three fiscal years from $3.28 three years ago. ROE was 18.86% in the last year, which compares to 13.04% three years ago. The stock is trading with a forward 12M P/E of 25.01.

MORE FROM FORBESWalmart (WMT)

Home Depot Inc (HD)

Another Top Dividend stock today is Home Depot Inc with AI-based factor scores of C in Technical, C in Growth, B in Momentum Volatility, and C in Quality Value. The company stock is up 29.75% for the year and is the world’s largest home improvement specialty retailer. Revenue grew by 8.25% in the last fiscal year to $110225.0M, a growth of 18.25% over the last three fiscal years from $100904.0M three years ago. Operating Income grew by 5.37% in the last fiscal year to $15843.0M, and grew by 13.7% over the last three fiscal years from $14681.0M three years ago. EPS grew by 6.52% in the last fiscal year to $10.25, which is a growth of 49.77% over the last three fiscal years from $7.29 three years ago. ROE was 298.25% three years ago and the stock is trading with a forward 12M P/E of 24.63.

MORE FROM FORBESHome Depot (HD)

S&P Global Inc (SPGI)

S&P Global Inc is another Top Dividend stock today with AI-based factor scores of C in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value. The stock is up 29.61% for the year already. The company provides data and benchmarks to capital and commodity market participants. S&P Ratings, which comprises over 40% of the firm’s revenue and over 50% of the firm’s operating income, is the largest credit ratings agency in the world. As for the financials, revenue grew by 6.78% in the last fiscal year to $6699.0M, a growth of 17.98% over the last three fiscal years from $6063.0M three years ago. Operating Income grew by 18.52% in the last fiscal year to $3159.0M, a growth of 36.1% over the last three fiscal years from $2751.0M three years ago. EPS grew by 23.32% in the last fiscal year to $8.6, which was a growth of 83.48% over the last three fiscal years from $5.78 three years ago. ROE was 90.17% in the last year, versus 84.02% three years ago. Forward 12M Revenue is expected to grow by 0.08% and the stock is trading with a forward 12M P/E of 33.68.

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Becton Dickinson & Co (BDX)

Our final Top Dividend Stock today is Becton Dickinson & Co BDX , the world’s largest manufacturer and distributor of medical surgical products. Our AI has assigned factor scores of D in Technical, B in Growth, C in Momentum Volatility, and B in Quality Value for the company that has lost 3.18% for the year in stock price. Revenue grew by 39.89% over the last three fiscal years to $17290.0M in the last fiscal, compared to $12093.0M three years ago. Operating Income grew by 7.71% over the last three fiscal years to $2921.0M in the last fiscal, compared to $2243.0M three years ago. EPS was $3.94 in the last fiscal year, which compares to $4.6 three years ago. ROE was 5.86% in the last year versus 10.69% three years ago. Forward 12M Revenue is expected to grow by 9.77% and the stock is trading with a forward 12M P/E of 21.99.

MORE FROM FORBESBecton Dickinson (BDX)

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