5 High-Yield Dividend Stocks That Can Double Your Money by 2029

There are a lot of ways to make money on Wall Street. But if there's one common theme among the best-performing portfolios, it's that they're often reliant on dividend stocks.

In 2013, J.P. Morgan Asset Management released a report that demonstrated just how dominant dividend stocks are, relative to public companies that don't pay a dividend. Between 1972 and 2012, companies that initiated and grew their payouts averaged an annual gain of 9.5%. By comparison, non-dividend-paying stocks only managed a meager annualized return of 1.6% over the same time frame.

These results shouldn't be a surprise. Since most dividend stocks are profitable and have time-tested operating models, they're the ideal place for long-term investors and income seekers to park their money.

Continue reading

Source Fool.com