Dividend stocks are proven wealth creators. Since 1973, the average dividend stock in the S&P 500 has delivered annual total returns of 12.83%, according to data from Ned Davis Research and Hartford Funds. That has outpaced the overall index's 12.56% annualized return. Meanwhile, companies that routinely grew their dividends produced even better total returns of 13.2% per year. The powerful returns of dividend growth stocks make them ideal investments for those who don't have a lot of cash to invest.
While there are a lot of great dividend growth stocks out there, Chevron (NYSE: CVX) , Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , and American States Water (NYSE: AWR) stood out to our contributors. Here's why they believe this trio can make investors a little richer one dividend payment at a time.
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Got $500? These 3 Stocks Could Make You Richer 1 Dividend Check at a Time