3 Top Dividend Stocks to Buy in August

Dividend stocks remain a cornerstone of investment strategies, offering both stability and income potential. Among the standout picks for August, Enbridge (ENB) emerges as a compelling choice with its low-risk, utility-like business model. The company's extensive pipeline network—spanning over 18,000 miles of crude oil and 19,000 miles of natural gas infrastructure—generates steady cash FLOW akin to toll roads. Recent acquisitions have further solidified its position as North America's largest natural gas utility, serving 7 million customers daily.

With the CAPE ratio signaling potential market headwinds, Enbridge's defensive profile and consistent dividend growth appeal to risk-averse investors. The stock's resilience and predictable returns underscore its attractiveness in volatile markets.