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July 7, 2021, 10:26 a.m. EDT

What Stocks To Buy Today? 4 Dividend Stocks To Watch In July 2021

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Jul 07, 2021 (StockMarket.com via COMTEX) -- Check Out These Top Dividend Stocks In The Stock Market Today

Amidst the volatility seen in the stock market recently, more investors could be turning towards dividend stocks. You see, it's easy to forget about dividend stocks in a bullish market. After all, what's the deal with a 10% annual dividend yield when some of the top growth stocks could achieve that in a matter of days. However, investors who want to hold less volatile assets that could survive a stock market downturn may find dividend stocks appealing.

For investors who want a passive income every month, you might want to take a look at some of the best monthly dividend stocks to buy . For instance, Realty Income ( NYSE: O ) probably tops the list as it has made 611 monthly dividends consecutively. This steady performance makes it a great staple for an income investor's portfolio. While a high yield is certainly attractive, the reality is that it could be short-lived. Having said that, if you are still keen on finding the best high yield dividend stocks to buy, there are several other key factors to consider when it comes to dividend investing.

For starters, companies that focus their resources towards dividends could be lagging in terms of growth projects. This would account for slower stock appreciation over time but provide more predictable income overall. Next, the company's dividend-paying history would also be another aspect to consider. In this case, consistency and steady increments in a company's dividends would be important to look out for. To put it simply, income investors want the highest yield possible with the least risk. With all that in mind, here is a list of some of the best dividend stocks that might do just that in the stock market today.

Top Dividend Stocks To Buy [Or Avoid] Right Now

Annaly Capital Management

First up the list is mortgage real estate investment trust (mREIT) Annaly Capital Management. It's no secret that REITs in general have high dividend yields, but NLY stock is one top dividend stock that not only produces high yield, but is also quite safe and manageable. Why is that? Well, an mREIT doesn't invest in real property. Instead, it invests in real estate debt, and the mortgages from Analy are guaranteed by the federal government. Essentially, this means that the company takes limited credit risk and is less likely to default, which makes it a sound investment.

Annaly currently has a dividend yield of nearly 10%. For most other industries, any dividend yield near this level is a red flag. But in Annaly's case, it is a high yield that is not short-lived. In fact, it has averaged out about 10% yield for more than two decades. Sure, NLY stock suffered a massive drop at the height of the pandemic, and that's to be expected. Now, with its business improving significantly in the latest quarter, investors can safely rely on Annaly Capital to keep producing great returns while maintaining a decent payout.

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Clorox has certainly benefited from the pandemic hoarding. The consumer staple stock which usually sounds rather dull in a growth-oriented market finds itself in a sweet spot in the stock market. Many consumers rushed to stock up on its disinfecting wipes. After all, the public was cautious about contracting the virus and therefore wanted to be squeaky clean. If anything, the pandemic helped propel Clorox's sales to record highs.

The company's dividend yield stands at 5% as of late. Clorox is also one of those companies that have been boosting its payout annually for the past four decades. As impressive as it may seem, investors have left Clorox stock on worries that there might be a pullback as the COVID-19 threat fades. Without sounding too pessimistic on the pandemic situation, with new variants emerging from time to time, the demand for cleaning and disinfecting supplies is likely to stay for some time. Considering all these, would you agree that CLX stock is a top dividend stock to buy right now?

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