How to Become a Dividend Millionaire
Dividend stocks can be powerful investments, especially over many years. Over the last 50 years, companies in the S 500 that pay dividends have delivered an average annual total return of 9.2%, according to data from Ned Davis Research and Hartford Funds. That's over twice what non-dividend payers delivered (4.3% per year). To put that return into perspective, a person would have needed to invest only $12,500 in dividend stocks 50 years ago to become a millionaire today.
Anyone can work toward becoming a millionaire by investing in dividend stocks. It just takes patience and choosing the right types of stocks. Here are some tips for building a $1 million dividend portfolio.
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Source Fool.com
