Being right in the middle of the “sell in May and go away” (until November) period, August can be a scary month for investors who stayed put. And with oil returning to bear market territory, weak manufacturing numbers and disappointing second quarter economic growth, August certainly did not begin on the best note. As such, today’s article takes the position that “investing in dividend paying stocks should be a prudent move. This is because such stocks reflect a solid financial structure and healthy underlying fundamentals, and are unperturbed by market turbulence and economic uncertainty.” Five dividend paying stocks with favorable Zacks Ranks and dividend yields over 3% are highlighted. To find out what these stocks are, CLICK HERE.