3 Dividend Stocks I'd Buy Right Now

Finding a good dividend stock can be challenging since there's so much uncertainty relating to the COVID-19 pandemic. However, investors simply need to adapt and look for safer options right now to minimize their exposure to the markets.

The three stocks listed below can help you do just that. They're in different industries, so collectively they can offer recurring payouts and help diversify your portfolio, keeping it safe in future downturns. Here are the three income-generating stocks that are great options to buy right now:

Innovative Industrial Properties (NYSE: IIPR) gives investors a healthy mix of both growth and dividends. Its tenants use its facilities to grow pot, which means it can be a smart way to gain exposure to a fast-growing cannabis industry without the risk that comes with investing in a pot producer. One of its strategies is to find and acquire distressed cannabis assets and then lease them back to the cannabis grower. Thus, whether the cannabis industry is doing well or not, Innovative Industrial will probably still be in a strong position.

Source Fool.com