3 Top Dividend Stocks for 2023
When novice investors are looking for ways to build wealth through the stock market, they can often overlook one of the most reliable methods: Buying shares of long-established quality companies that pay dividends, and reinvesting those payouts in more shares.
It may not be as exciting as the hunt for the next big thing, but it works. To illustrate how well, consider this: Between 1960 and 2021, a portfolio built to match the S&P 500 index would have grown by almost 500 times in value -- and the reinvested dividends would have contributed 84% of that total return.
Companies that have histories of paying regular dividends are usually on solid footing financially and consistently generate profits -- qualities that allow those businesses to keep chugging along even during the occasional inevitable hiccups in the economy.
Source Fool.com
