By Jeff Reeves of InvestorPlace

NEW YORK ( TheStreet) -- 2010 seemed to get off to a good start ... at least until May, when the bottom fell out and the market started its slow and steady march back down to the lowest levels since November. And with the way things have been going lately, it doesn't look like the bleeding is going to stop any time soon.

Amid this volatility, dividend stocks are in favor on Wall Street as many investors look to limit their downside with guaranteed payouts. Banking the dividends from your portfolio can help replace some of the value lost when shares slide -- or if the payout is good enough and the stock is stable enough, actually grow your nest egg even while other investors are in the red.

To position your portfolio for profits even in a rough market, here are 7 low-risk dividend plays right now.

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