3 Dividend Aristocrats to Buy in August

A decades-long history of annual dividend increases is a good indicator of a high quality company. That kind of consistency often comes at premium: Many "dividend aristocrats" trade for lofty valuations. Some do stand out as great deals, though -- and three of our Foolish contributors are happy to share a few of them with you.

This month might be the right time to step up and buy shares in ExxonMobil (NYSE:XOM), the global energy powerhouse. Until recently, shares in ExxonMobil had been recovering some of the ground lost in the past year due to lower oil and gas prices, but that rally got derailed in mid-July when oil prices lost their footing again. Most dividend aristocrats demand a substantial premium, but retailer Target (NYSE:TGT) is an exception. If you haven't considered adding Illinois Tool Works (NYSE:ITW) to your portfolio yet, it's time to pay attention.

Source: Motley Fool

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