4 Juicy Dividend Stocks for July

The Fed held short-term interest rates steady in June and indicated a slower approach toward hiking the cost of borrowing in the near future. A low level of business investment and inflation falling short of expectations also did little to help the Fed take a rate hike call. As the Fed funds futures market is now pricing in no rate hike until 2018, thanks to Brexit, it’s time to invest in strong dividend paying stocks. In fact, now the odds of a rate cut are more than a rate hike in the next six months.

As bond yields drop, companies that provide juicy dividends are the most wanted for income seeking investors. Here we have selected four such dividend-paying stocks that have a Zacks Rank #1 (Strong Buy) or #2 (Buy) and a dividend yield of over 3%. The favorable Zacks Rank should help these stocks to continue gaining this year as well: Southcross Energy Partners, L.P. (SXE), SunCoke Energy Partners, L.P. (SXCP), WhiteHorse Finance, Inc. (WHF) and Rose Rock Midstream, L.P. (RRMS).

Source: Zacks

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