2 Great Dividend Stocks to Buy in June That Are Down 17% or More

Dividend stocks can be fantastic buys when the market is down because lower share prices increase their yields -- presuming that they can keep their payouts up at their previous rates. Since REITs are legally required to distribute at least 90% of their taxable income in the form of dividends each year, investors can often earn a higher return with them, and benefit from a fairly steady stream of payout increases. SL Green (NYSE: SLG) and Federal Realty Trust (NYSE: FRT), in particular, are known for being great dividend payers, and both are down more than 17% so far in 2022.