2023-03-05 09:15:00 ET
Market sell-offs can be great buying opportunities for dividend investors. That's because dividend yields move in the opposite direction of share prices. As a result, an investor can lock in a higher yield on new purchases.
Three high-quality dividend stocks that have taken a beating over the past year are Agree Realty (NYSE: ADC) , Mid-America Apartment Communities (NYSE: MAA) , and Stag Industrial (NYSE: STAG) . The sell-offs look like a great opportunity to scoop up shares and pad your passive income this month.
Shares of Agree Realty have fallen about 12% from their peak over the past year, which has helped push the company's dividend yield up to 4.1%. Meanwhile, the company further padded that yield by also increasing its payout by 7.7% over the past year.
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Down 12% to 27%, These Beaten-Down Dividend Stocks Look Like Great Buys This March