2 Smartest Dividend Stocks to Consider Buying With $400 Now

Dividend stocks can increase your wealth considerably over time because of the magic of compounding. When you reinvest your dividends, those dividends will also generate dividends, and so on and so on. The longer your investing time horizon, the greater will be the benefit of compounding.

Two dividend stocks that are worth considering buying now are U.S. water and wastewater utility giant American Water Works (NYSE: AWK) and cannabis-industry real estate investment trust Innovative Industrial Properties (NYSE: IIPR).

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Source Fool.com