Stocks that pay dividends in February, May, August, and November (2024)

As part of building your stock portfolio for consistent dividend payments, you may be looking at stocks with long payment histories. To help you fill your dividend income calendar here are 15 Dividend Aristocrat stocks that pay dividends in February, May, August, and November.

As you’re building your dividend portfolio, knowing the common patterns and schedules that companies pay their dividends is helpful. For Dividend Aristocrats, which have a history of paying and increasing their dividends for 25+ years, their schedules are usually consistent year over year.

To begin your research to create a portfolio that pays you monthly, here is a list of 15 Dividend Aristocrat stocks that pay dividends in February, May, August, and November.

• AbbVie Inc. (ABBV)
• Abbott Laboratories (ABT)
• A.O. Smith (AOS)
• Air Products & Chemicals Inc (APD)
• Brown & Brown Inc (BRO)
• Caterpillar Inc. (CAT)
• Colgate-Palmolive (CL)
• The Clorox Company (CLX)
• General Dynamics (GD)
• Hormel Foods Corp (HRL)
• Lowe’s Companies, Inc. (LOW)
• Nucor (NUE)
• Procter & Gamble (PG)
• Pentair (PNR)
• West Pharmaceutical Services Inc (WST)

This list will help you start your research. You should not buy a stock just because it pays at the right time or skip a stock because it doesn’t pay out in the months you want. Continue to dig into each of these stocks below to understand what industries they’re in and where they are headquartered.

One quick note I should mention. I’m not a licensed financial planner or financial advisor. The content on this website should be considered for information purposes and should not be considered investment advice. Always do your own research before making financial decisions. Or check with your favorite financial professional for additional information on what’s best to do for your situation.

The 4 Common Dividend Payout Schedules

There are four common patterns that companies use when paying out quarterly dividends. When you’re planning your dividend portfolio knowing these schedules can be useful to align your monthly income to each month of the year.

The 4 common dividend payment schedules align to the month of the quarter for which the dividends are distributed:

• January, April, July, and October
• February, May, August, and November
• March, June, September, and December

Owning one stock within each of the following patterns will allow you to be paid dividends monthly. One thing to keep in mind is that payouts that occur at the very end or beginning of a month, sometimes the payment shifts to the opposite month by a day or two.

While it’s not something you have control over, this could mean a December/January payment shifting months with an impact on your income taxes.

Remember to always do your research into a company before purchasing shares. Just because the payment schedules fit a whole in your portfolio doesn’t mean it’s the right investment for the moment, even with a buy-and-hold strategy. You may be able to find a more efficient stock to buy at the time.

And as part of your research double-check the historical payout schedule as well. It’s possible the company won’t 100% follow its past payment schedule in the future or a pattern has been incorrectly assigned to a stock.

15 of the Dividend Aristocrats generally pay according to the pattern: February, May, August, and November.

Dividend Aristocrat stocks that pay dividends in February, May, August, and November

The 15 dividend aristocrat stocks that typically pay the second month of each quarter as of September 2021 are:

AbbVie Inc. (ABBV)

AbbVie Inc., incorporated in 2012, is based in North Chicago, Illinois. It discovers, develops, manufactures, and sells pharmaceuticals worldwide. AbbVie Inc. has historically increased its dividend in February.

• Sector: Health Care
• Industry: Biotechnology

Abbott Laboratories (ABT)

Abbott Laboratories, founded in 1888 and is based in North Chicago, Illinois. It discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Diagnostic Products, Established Pharmaceutical Products, Medical Devices, and Nutritional Products. Abbott Laboratories has historically increased its payments in February.

• Sector: Health Care
• Industry: Health Care Equipment

A.O. Smith (AOS)

A. O. Smith Corporation, founded in 1874 and is headquartered in Milwaukee, Wisconsin. It manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. A.O. Smith has historically increased its payments in November.

• Sector: Industrials
• Industry: Building Products

Air Products & Chemicals Inc. (APD)

Air Products & Chemicals, founded in 1940 is headquartered in Allentown, Pennsylvania. It provides atmospheric gases, process, and specialty gases, equipment, and services worldwide. Historically it has increased its dividend in May.

• Sector: Materials
• Industry: Industrial Gases

Brown & Brown Inc (BRO)

Brown & Brown Inc, founded in 1939, is based in Daytona Beach, Florida. It markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. Brown & Brown typically increases its dividend in November.

• Sector: Financials
• Industry: Insurance Brokers

Caterpillar Inc. (CAT)

Caterpillar Inc., founded in 1925, is headquartered in Deerfield, Illinois. It manufactures and sells construction and mining equipment, diesel-electric locomotives, industrial gas turbines, and diesel and natural gas engines, worldwide. Caterpillar has historically increased its dividend in August.

• Sector: Industrials
• Industry: Construction Machinery and Heavy Trucks

Colgate-Palmolive (CL)

Colgate-Palmolive, founded in 1806, is headquartered in New York, New York. It manufactures and sells consumer products worldwide together with its subsidiaries. Colgate-Palmolive operates in two segments: Oral, Personal and Home Care, and Pet Nutrition.Historically it has increased its dividend in May.

• Sector: Consumer Staples
• Industry: Household Products

The Clorox Company (CLX)

The Clorox Company, founded in 1913, is headered in Oakland, California. It manufactures and markets consumer and professional products worldwide. The Clorox Company operates through four segments: Health and Wellness, Household, Lifestyle, and International. Historically it has increased its dividend in August.

• Sector: Consumer Staples
• Industry: Household Products

General Dynamics (GD)

General Dynamics, founded in 1899, is headquartered in Reston, Virginia. It is an aerospace and defense company. It operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Historically it has updated its dividend in May.

• Sector: Industrials
• Industry: Aerospace and Defense

Hormel Foods Corp (HRL)

Hormel Foods Corp, founded in 1891, is headquartered in Austin, Minnesota. It produces and markets various meat and food products to retail, deli, foodservice, and commercial customers in the United States and internationally. Hormel Foods typically raises its dividend in February.

• Sector: Consumer Staples
• Industry: Packaged Foods and Meats

Lowe’s Companies, Inc. (LOW)

Lowe’s Companies, Inc., founded in 1921, is headquartered in Mooresville, North Carolina. It operates as a home improvement retailer in the United States and internationally together with its subsidiaries. Lowe’s typically increases its dividend in August.

• Sector: Consumer Discretionary
• Industry: Home Improvement Retail

Nucor (NUE)

Nucor, incorporated in 1958, is headquartered in Charlotte, North Carolina. It manufactures and sells steel and steel products. Nucor operates in three segments: Steel Mills, Steel Products, and Raw Materials. It typically increases its dividend in February.

• Sector: Materials
• Industry: Steel

Procter & Gamble (PG)

Procter & Gamble, founded in 1837, is headquartered in Cincinnati, Ohio. It provides branded consumer packaged goods to consumers internationally. Procter & Gamble operates in five segments: Beauty; Fabric & Home Care; Grooming; Health Care; and Baby, Feminine & Family Care. It typically increases its dividend in May.

• Sector: Consumer Staples
• Industry: Household Products

Pentair (PNR)

Pentair, founded in 1966, is headquartered in London, the United Kingdom. It provides various smart water solutions worldwide. Pentair operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. It typically increases its dividend in February.

• Sector: Industrials
• Industry: Industrial Machinery

West Pharmaceutical Services Inc (WST)

West Pharmaceutical Services, incorporated in 1923, is headquartered in Exton, Pennsylvania. It designs and produces containment and delivery systems for injectable drugs and healthcare products. It operates in two segments: Proprietary Products and Contract-Manufactured Products. West Pharmaceutical Services typically increases its dividend in November. West Pharmaceutical Services was added to the Dividend Aristocrats list as of December 2020.

• Sector: Health Care
• Industry: Health Care Supplies

Wrapping up. How are you planning to research stocks that dividends in February, May, August, and November?

Of the currently 67 Dividend Aristocrats, 15 follow the February, May, August, and November dividend payout schedule. If you choose one stock from this schedule along with one stock from the other two schedules, you can build a portfolio that pays you dividends monthly.

Remember always do your own research first before buying a stock. Just because a company has consistently paid and increased its dividend for 25 years or more, it doesn’t guarantee that it will always happen in the future. It’s also possible there is a better company to invest in at a specific moment. Find the best ways to be efficient when investing your money.

Are you considering Dividend Aristocrats and their specific payout schedules as part of your dividend investing strategy?