5 Best Dividend Shares to Invest In July 2021

Many inexperienced traders choose to abandon a chance of stable income by investing in high-performance dividends when the market is wrapped in a bull run. But as an investor, your priority should be mitigating concerns related to overall inflation and preparing for a bearish market condition before it sets in. Dividend shares are considered a type of defence and in the following, we shall look at 5 major defensive shares to invest in July for high yield.

1. Home Depot, Inc. (NYSE: HD)

Renowned makeover retailer with a global presence is the most worthy addition to the list of best dividend shares for July. Since the year 1978, Home Depot has been a significant establishment that has benefited its investors around 25.4% in the past year. Last month the company started the “renting online and collecting in-store” feature which has worked for the best interest of the company. The Home Depot is currently sitting over a market capitalisation of $343 billion making it the largest in its group.

As of today, HD shares listed on the New York Stock Exchange are in Buy Zone owing to several technical indicators like MACD (2.03), RSI (63.62), SMA (317.55), and EMA (318.05). After reporting earnings reports recently, HD shares offer huge opportunities for investors who act fast. For many market experts, The Home Depot is a great share to invest in like Microsoft, Facebook, and Visa.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Abbott Laboratories (NYSE: ABT)

Abbot is the owner of one of the world’s largest health care products lines that work on manufacturing and distributing medical devices, nutritional items, generic drugs, testing kits, etc. As one can imagine, during the harsh pandemic period, Abbot remained afloat and survived the opposite trends by recording net earnings of $1.79 which is a staggering 219% increase from 2019. This has caused a 103% year-on-year increase in the earnings per ABT shares available on NYSE.

The growing momentum of ABT shares presents lucrative opportunities for those who have yet not invested in it as a dividend share. As of now, the company is aiming to develop affordable COVID-19 test kits. This pharma share has a lot of room to grow according to the technical indicators that suggest a strong buy zone for investors.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Starbucks Corporation (NASDAQ: SBUX)

The most iconic retailer of speciality coffee Starbucks Corporation along with its subsidiaries is a great opportunity to delve in as a dividend share in July. This international corporation has been on the top as rewarding shares for its investors for a long time now. A glance at its earnings report reveals that it has returned around 52% to its investors in the previous year. Despite the turmoil in the market, Starbucks has managed to stay grounded after sharing a quarterly dividend of $0.45 per share. Many hedge funds include SBUX shares as one of the best investments as a defensive measure during volatile market conditions.

Starbucks has amassed a total market capitalisation of $138 billion with a promising dividend yield of 1.56%. Listed on NASDAQ under the ticker code of SBUX, the company shares are priced at $117.1 with all technical indicators signalling a strong buy action. SMA (113.42), EMA (113.97), RSI (69.48), and MACD (0.79) predict better performance in the days to come.

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Becton, Dickinson, and Company (NYSE: BDX)

Becton Dickinson has a significant stature in the world as one of the leading manufacturers and distributors of medical and surgical products. This company is headquartered in New Jersey and listed on NYSE under the BDX ticker code. According to the company’s data shared in May, the quarterly revenue increase was an impressive $4.9 billion. BDX currently sits at a total of $73.2 billion market capital while its price per share of $251.9 is increasing by 2.63%. The company’s CEO Tom Polen stated that the company will achieve further milestones in the incoming quarters.

With a healthy increase in Becton Dickinson in revenue, earnings per share, and cash flow, the company is on the right track to serving as a dividend king of sorts for careful investors. From a technical perspective, BDX shares are in a strong buy zone as per the signals from reliable technical indicators like MACD (1.59), SMA (245.16), RSI (67.34), and EMA (246.38).

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Clorox Company (NYSE: CLX)

The household name of Clorox recently more than doubled its demand for cleaning supplies like laundry care, trash bags, and a lot of other consumer products. Ever since the pandemic started off the previous year, Clorox sales hit the roof. According to the latest results shared by the California-based company, sales reached $1.7 billion while the net losses were under $60 million. Clorox has built a total market capitalisation of $23 billion in record time with a dividend yield of 2.56%. The individual price per share of CLX on NYSE is currently at $185.3 increasing by 4%.

All concerning technical indicators like SMA (178.54), RSI (68.30), and MACD (0.75) point towards a strong buy action for CLX shares as the market seems to favour its movement after the company’s net cash (via operations) jumped 11% on a year-on-year basis. According to Clorox CEO, consumer megatrends have played a vital role in the company’s success and it would continue to do so for long-term profitable growth.

67% of all retail investor accounts lose money when trading CFDs with this provider.

Investing in the right sort of dividend shares can be beneficial for the overall growth of one’s portfolio and open doors to stable income throughout the year. Many shares pay dividends to their investors at the end of each quarter of the financial year. The amount however can be different depending on the company, its financial condition, profit/loss experienced during any particular quarter. All of the above-mentioned shares promise a long-term growth expectation for investors who choose to invest in them.