Some stocks take a long time to make any money. That's one reason many investors like dividend stocks. They begin paying you back almost immediately. 

Not every dividend stock, though, provides both an attractive dividend and solid growth prospects. The ones that do can give you returns over the short run and the long term. Here are three dividend stocks that could make you richer in August (and beyond).

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Brookfield Renewable

Brookfield Renewable (NYSE:BEP) (NYSE:BEPC) offers a dividend that yields close to 3%. The yield is a little higher if you buy shares of the limited partnership (BEP) and a little lower if you buy shares of the corporation (BEPC). But both stocks reflect the same underlying business -- and that business is going strong.

The company ranks as one of the world's leading providers of renewable energy. Brookfield Renewable owns and operates hydroelectric, wind, solar, and storage facilities on four continents.

Delivering strong growth shouldn't be a problem for Brookfield Renewable. Countries and major corporations across the world are aggressively pushing to reduce carbon emissions. These efforts should continue to drive demand for renewable energy.

Brookfield Renewable plans to take advantage of this increased demand. It has a 27,000-megawatt development pipeline that's more than double its current capacity. The company expects to generate average annual returns of around 15% over the long term. I think Brookfield Renewable will be able to achieve that goal. 

Enterprise Products Partners

You'll probably really love Enterprise Products Partners' (NYSE:EPD) dividend. The midstream energy company's dividend yield currently stands at nearly 7.8%. Enterprise has increased its distribution for 22 consecutive years. 

I also think you might like the company's growth prospects. Enterprise Products Partners has seen its business rebound after getting hit hard by the COVID-19 shutdowns last year. In the company's recent second-quarter conference call, co-CEO Jim Teague said that the company expects "a very strong extended recovery cycle." 

Enterprise should complete two major projects in the fourth quarter of this year. Its Gillis natural gas pipeline will connect the production of Haynesville shale with liquid natural gas (LNG) markets in southwest Louisiana. The company also anticipates wrapping up construction of a natural gasoline treatment facility in Texas. Both projects should be growth drivers for Enterprise over the near term. 

But what about the long term? While renewable energy sources will be key to reducing carbon emissions, natural gas, natural gas liquids, and lower sulfur crude oil will also be important. Enterprise plans to take an all-of-the-above approach that should keep revenue and earnings growing for years to come.

Innovative Industrial Properties

How would you like a dividend that has quadrupled over the past three years? That's exactly what Innovative Industrial Properties' (NYSE:IIPR) dividend has done. IIP's dividend yields close to 2.7%. The yield would be a lot higher, but the company's shares have skyrocketed even faster than its dividend has.

IIP is a real estate investment trust (REIT) that focuses on the U.S. medical cannabis market. Three years ago, the company owned nine properties in seven states that were leased to medical cannabis operators. Today, IIP's portfolio includes 72 properties in 18 states. 

There's still a lot of room for IIP to grow. Many of the markets where the company currently operates continue to expand at a fast pace. And IIP doesn't yet own properties in nearly half of the states that have legalized medical cannabis.

Some might worry that potential federal cannabis reform could increase competition for IIP. That could happen. However, I think it would also expand the market opportunity even more for this REIT. In my view, IIP is an ideal stock to buy if you're looking for great dividends along with robust growth.  

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.