Dividends can be especially appealing during market volatility. In this clip from "Ask Us Anything" on Motley Fool Live, recorded on July 12, Motley Fool contributors Tyler Crowe and Lou Whiteman reveal some of their favorite dividend stocks right now.
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Tyler Crowe: My favorite high-yield stock right now. I'm going to go to the oil and gas industry. It is MPLX (MPLX 0.14%), master limited partnership, so don't even think about putting this in your retirement account. This is a brokerage pick only. Master limited partnerships do not play well in your retirement accounts, but it is a master limited partnership and mostly does oil and gas. They're mostly gathering and processing natural gas as well as interstate pipelines serving Marathon Petroleum's (MPC -0.02%) refineries. They were a spin-out of them. It currently yields 9.5%. That sounds scary high, but it is a very well-covered with cash position, and so much so that they've been paying special dividends on top of that and buying back stock. I think the long-term fundamentals of oil and gas are still very strong in the United States and that it will last for quite a while, and as a result, I think this is one of the few companies where I look at it and go, "Wow." I think this is very mispriced.
Lou Whiteman: Yeah, I'll just go with CareTrust (CTRE -1.14%). It's more boring, but CTRE, the world needs a lot more healthcare facilities, especially senior healthcare facilities. It's only paying 5%. Although seeing Verizon (VZ -1.40%) at five caught my eye, I didn't realize that. Maybe it's time to look at that again. There are good companies out there, Fools, that can give you dividends as part of a total growth package, and it's worth looking at it because, especially in volatile times like this, when stocks just aren't going straight up every month. Dividends can be a really nice part of a total return.