3 Dividend Stocks To Consider In The Market Downturn

So far 2016 has been a rough year for most shareholders as the broader market had one of its worst starts in U.S. history. But among the carnage, some dividend value stocks have become even cheaper and are now worth consideration by long-term investors. The recent market downturn has provided opportunities to grab attractive dividend stocks on the dips. Whether its the current dividends from New Residential and Chorus Aviation or the dividend with room to grow from Bank of America, this dip in the market has pushed dividend yields higher giving income investors much to consider.

After an early 2015 rally, New Residential Investment Corp (NYSE:NRZ) had a rough second half of the year. But unlike most mREITs, New Residential is designed to benefit from rising rates. The early 2016 market decline hit financials particularly hard pushing Bank of America (NYSE:BAC) shares to near the low-end of their range. Bank of America is a long-term play for dividend investors with a relatively small yield of 1.5%. Few investors would look to airlines as a source for dividends but Chorus Aviation (OTC:CRHVF) (TSX: CHR.B) is not an ordinary airline. Chorus sells regional flight capacity to Canada's largest airline, Air Canada.

Source: Seeking Alpha

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