There's no better time than October to invest in high-quality dividend stocks. That's because the new month offers a chance to get those dividend payments flowing sooner rather than later.

Three Motley Fool contributors believe they've identified magnificent dividend stocks to buy in October. Here's why they chose (NYSE: ABBV), Gilead Sciences (NASDAQ: GILD), and Johnson Johnson (NYSE: JNJ).  

Keith Speights (AbbVie): Only 50 or so stocks can lay claim to increasing their dividend annually for 50 consecutive years or longer. AbbVie is one of them thanks to its impressive 51 straight years of dividend raises.

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Source Fool.com