3 Top Dividend Stocks to Buy in July
Investing in dividend stocks is a strategy for investors to earn income while holding onto stocks that will hopefully appreciate in value. This is typically high on retirement investors' lists but becomes increasingly important for any investor during market volatility. It provides stability for investors when prices are high and a correction might be inevitable.
That would describe current market conditions, where the market is at record highs despite an economy that's still recovering. Stocks are trading at high valuations, and dividend yields have fallen as prices rise. According to The Wall Street Journal, the average S&P 500 dividend yield was 1.97% last year, when stocks were still rebounding, and it has since fallen to 1.35%.
Source Fool.com
