These two stocks have long traded at a premium valuation, but now look like promising buys following recent share price drops.

Some of my favorite purchases to make -- and most successful in hindsight -- have been adding to the steady dividend stocks in my portfolio on the dip .

While there's always the risk of these dips turning into "falling knives," I believe the two stocks in this article have the qualities to thrive over decades.

Here's the case for these magnificent dividend stocks and why I've been adding shares of each in August.

1. ASML: Powering the "Magnificent Seven" alongside AI's rise

ASML ( ASML 0.06% ) is one of the most critical cogs in the global semiconductor supply chain. The company mastered the art of lithography, a process where ultraviolet light etches

See Full Page