NEW YORK ( TheStreet) -- After budget troubles in Europe sparked some gut-wrenching moves in the market over the last few weeks, many investors may be looking for a safe place to hunker down and hide. And in times of trouble, there are fewer equities that are more attractive than low-risk, high-yield dividend stocks.

These blue chips not only have the staying power and stable share price that make them good long-term investments, they have a history of strong dividend growth and high dividend yields that mean a regular paycheck. Rather than chase down a stock that will jump in share price, why not stick with a steady and reliable large-cap stock that regularly pays a hefty dividend?

If you're an income-oriented investor looking for high dividend yields and low risk stocks to fill out your portfolio and add some stability, you're in luck. Our InvestorPlace experts have handpicked seven great stocks to buy right now. Here they are.

Teekay Offshore (TOO)

Picked by: Bryan Perry, editor of Cash Machine

Current dividend yield: 9.9%

Teekay Offshore Partners ( TOO) is a leader in marine transportation and storage services to the offshore oil industry. The company hauls crude oil and condensates from offshore oil fields to onshore terminals and refineries. It also uses conventional oil tankers for transcontinental seaborne shipping, and floating storage units allow for on-site storage for oil field installations. TOO recently announced its fourth-quarter 2009 financial results. The company generated distributable cash flow of $18.2 million, up from $13.4 million the previous quarter, and declared a cash distribution of 45 cents per unit. I fully expect this quarterly payout to climb in the year ahead as well as the price of the units in response to a sequentially higher payout.

ConAgra Foods (CAG)

Picked by: Louis Navellier, editor of Blue Chip Growth

Current dividend yield: 3.2%.

ConAgra Foods ( CAG) is one of the largest food producers in the world. The company offers both packaged and frozen foods under iconic brands that include Banquet, Chef Boyardee and Healthy Choice, among many others. ConAgra is also one of the country's largest food-service suppliers, offering convenience foods and ingredients. Recently, the company has sold off its agricultural segments and a number of non-core brands in order to concentrate on branded and value-added packaged foods. This has been a very smart move for the long term. In its latest quarter, ConAgra's earnings were right on target, following on the success of the two previous earnings reports that topped expectations by double digits. I expect big things again from CAG when it reports at the end of June, so buy this pick now.

BlackRock Kelso (BKCC)

Picked by: Bryan Perry, editor of Cash Machine

Current dividend yield: 12.0%

BlackRock Kelso Capital ( BKCC) is a cash rich private equity firm specializing in investments in middle market companies. BlackRock recently reported its first-quarter results, and they were very solid, thanks to rising loan origination in a recovering U.S. economy. For first quarter 2010, BKCC saw its top line grow by 21.10% to $119.92 million and earnings per share come in at 36 cents, right on target. BKCC carries a market cap of about $630 million, and has loan/equity positions in roughly 55 companies within its portfolios. BlackRock lends to companies with an average market value of $15 million and at present isn't using leverage to generate high dividend payouts. So there's little worry that the dividend which initially attracted me will dry up.

Johnson & Johnson (JNJ)

Picked by: Richard Band, editor of Profitable Investing

Current dividend yield: 3.3%

Johnson & Johnson ( JNJ), which reaped a windfall February 1 when rival Boston Scientific agreed to pay JNJ $1.7 billion to settle a patent-infringement case, had been steadily on the rise for the last several weeks. That is, until the recent market speed bump caused by the Greek debt drama. Trading at half the price-earnings ratio it fetched a decade ago and throwing off a plump 3.3% dividend, the stock is remarkably cheap for one of the world's strongest and safest businesses. JNJ boasts a triple-A credit rating from Standard & Poor's, a distinction shared by only three other U.S. industrial firms. This is a great low risk dividend play, especially since the Johnson & Johnson dividend saw a boost at the end of April.

United Technologies (UTX)

Picked by: Richard Young, editor of Intelligence Report

Current dividend yield: 2.4%

United Technologies ( UTX) serves the aerospace industry worldwide, and makes the iconic Blackhawk and Superhawk attack helicopters used by our troops in Iraq and Afghanistan. In addition to very lucrative defense contracts, conglomerate UTX also is an industry leader in elevators with its Otis brand. As an example of its top-tier status in the building industry, UTX recently provided super-double-decker elevators in Shanghai. My relative strength chart shows United Technologies' long-term outperformance of the market, and indicates that trend will continue. UTX may not have a screaming dividend yield, but has maintained payments since 1936.

Kinder Morgan (KMP)

Picked by: Richard Young, editor of Intelligence Report

Current dividend yield: 6.6%

I don't just like Kinder Morgan Energy Partners ( KMP) because it is a strong energy stock. I also like it because all investors want transparency when it comes to the companies they own in their portfolio. Kinder Morgan has a proven and substantial commitment to transparency, and that goes a long way in the current market. The company goes so far as to publish its budget and copious operational data right on its website. My analysis shows Kinder currently reverting to its long-term trend of steady share appreciation. Buy before it gets well on its way! Kinder Morgan has a dividend yield of 6.6%, and has maintained its dividend since 1992. The stock has a 5-year average return of 11%, proving this stock has staying power.

Heinz (HNZ)

Picked by: Louis Navellier, editor of Blue Chip Growth

Current dividend yield: 3.6%.

H.J. Heinz Co. ( HNZ) has expanded beyond its original 57 varieties and now has thousands of products. As one of the world's largest food companies, Heinz makes ketchup, other condiments, soups, sauces, frozen foods, beans, pasta meals, infant food and other processed food products. The company's customers include the food service industry, food retailers and the U.S. military. Heinz's other brands (besides ketchup) include, Lea & Perrins Worcestershire sauce, Classico pasta sauces, Ore-Ida frozen potatoes, as well as restaurant chains Boston Market, T.G.I. Friday's and Weight Watchers frozen foods. In Heinz's latest quarter, the company's sales in Asia and Europe rose 41% and 12% respectively while its North American sales rose 7%, but its U.S. food service business declined 3%. The company reiterated its full-year earnings outlook of between $2.82 per share to $2.85 per share from continuing operations. The stock clearly is benefiting from its booming overseas operations.