3 High-Yield Dividend Stocks to Buy in July

It's easy to understand the allure of high-yield dividend stocks. After all, adding a healthy quarterly payout to traditional share price appreciation can be a recipe for market-beating returns over the long term.

But most high-yield stocks have outsize payouts because their share prices have declined, and telling the difference between the future market-beaters on track for rebounds and those that genuinely deserve the market's disdain is easier said than done.

To help you do that, we asked three top Motley Fool investors to each pick a high-yield dividend stock they believe would be a wise addition to portfolios this month. Read on to see why they chose Kohl's (NYSE: KSS), Verizon Communications (NYSE: VZ), and Caretrust REIT (NASDAQ: CTRE).

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Source: Fool.com