3 Boring but Brilliant Stocks to Buy in August

Joel South

Mon, August 10, 2026 at 4:00 PM GMT+3 5 min read

Quick Read

Walmart's 26% eCommerce surge and Coca-Cola's 63rd straight dividend increase deliver compounding power while the broader market chases AI headlines.
P&G's 70-year dividend growth streak and fourth straight quarterly beat cement its defensive case despite $400 million in FY26 tariff headwinds.
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Mid-year 2026 has been exhausting. Tech multiples have whipsawed on every AI CapEx headline, tariff chatter keeps macro desks on edge and the average investor is tired of getting head-faked. The antidote is unglamorous: The kind of business that sells diapers, cola and groceries to roughly everyone on Earth, raises its dividend every year for half a century and keeps showing up on the buy list because the math keeps working.

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The setup matters. U.S. personal consumption expenditures hit $21,979.4 billion in April 2026, with food spending rising to $1,562.8 billion from $1,519.5 billion a year earlier. Defensive staples revenue is anchored to a spending stream that simply does not turn off. Three names stand out for August.

Walmart (WMT)

Walmart (NYSE:WMT) is the rare mega-cap retailer that is still gaining share and still raising the payout. But the stock has pulled back as of late. From their year-to-date high in mid-May, shares of WMT are down nearly 16%. But the company continues to grow, evidenced by Walmart U.S.'s comp sales rising 4% ex-fuel in Q1, which management called the strongest general merchandise share gains in five years.

The capital return story is just as steady. The board authorized a $30 billion buyback in February 2026 and raised the FY27 annual dividend to $0.99 from $0.94, extending a streak that places Walmart firmly in Dividend King territory. Shares trade near $112.

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The risk: a trailing P/E of 41 and forward P/E of 40 leave little room for execution slips. Free cash flow turned negative $1.9 billion in Q1 on elevated capex, and FY27 guidance assumes no IEEPA tariff refunds. This is a quality-at-a-price story, not a bargain.

Coca-Cola (KO)

Coca-Cola (NYSE:KO) is the textbook quiet compounder. Q2 2026 EPS came in at 93 cents, beating estimates by 3 cents, while revenue of $13.37 billion grew 6.2% YoY after growing 12% YoY in Q1. Management raised FY 2026 comparable EPS growth guidance to 8% to 9% against the $3 base from 2025.

This is now Coca-Cola's 64thconsecutive year of dividend increases. The quarterly payout stepped up to 53 cents in 2026 from 51 cents in 2025, with the next ex-dividend date being Sept. 15. Yield sits at 2.44%, the stock is up nearly 26% year to date and Reddit's r/dividendinvesting community has held a bullish sentiment score in the 70–72 range across the past month, a small but telling signal that the long-term holders are not flinching.

The risk: Asia Pacific comparable currency-neutral operating income fell 17% on higher costs, the pending sale of Coca-Cola Beverages Africa is a ~4% headwind subject to regulatory approval, and BODYARMOR absorbed a $960 million impairment in Q4 2025. A forward P/E of 24 is full but defensible given the margin trajectory.

Procter & Gamble (PG)

Procter & Gamble (NYSE:PG) is the boring-but-brilliant archetype. Q3 FY26, reported April 24, 2026, posted core EPS of $1.59 on net sales of $21.24 billion, up 7%, the company's fourth consecutive quarterly beat. Organic sales rose 3% with growth in all five segments and all regions, led by Beauty at 7% organic.

The dividend record is the headline: 70 consecutive annual increases and 136 straight years of dividend payments since 1890. The quarterly payout sits at $1.0568 per share, with management on pace to return roughly $10 billion in dividends and $5 billion in buybacks in FY26. The stock is up 7% year to date and 4% over the past month, with a beta of 0.385 that confirms the defensive label.

The risk: Tariff costs are expected to hit $400 million after-tax in FY26, core gross margin compressed 100 basis points, and management now expects EPS toward the lower end of the $6.83-$7.09 range. Volume softness in Grooming and Health Care bears watching.

What to Watch Next

The thesis is simple. Consumer staples revenue is tethered to spending that grew every month over the past year, dividends compound regardless of the macro narrative, and three of the longest payout-growth streaks in U.S. equities sit in this group. For investors who spent the first half of 2026 chasing AI headlines, August is a reasonable moment to look at what compounding looks like when nothing exciting is happening. Look at Walmart's recent earnings report, Coca-Cola's organic growth cadence and any update from P&G on the tariff offset playbook.

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