2024-02-15 05:06:00 ET
One of the greatest aspects of putting your money to work on Wall Street is that there's an investment strategy that can work for everyone. Regardless of how much money you have to invest or your risk tolerance, there are stocks and/or exchange-traded funds (ETFs) that can grow your wealth.
But among these seemingly countless strategies, buying and holding high-quality dividend stocks over long periods is tough to beat.
Last year, the Hartford Funds published an extensive report ("The Power of Dividends: Past, Present, and Future") extolling the greatness that is dividend stocks. In particular, researchers at Hartford Funds, in collaboration with Ned Davis Research, examined the annualized performance of income stocks, compared to non-payers, over a half-century (1973-2022). While the non-payers generated a relatively modest average annual return of 3.95% spanning five decades, the dividend payers more than doubled the annualized return of the non-payers -- 9.18% over 50 years.
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Want $300 in Exceptionally Safe Annual Dividend Income? Invest $4,975 Into the Following 3 High-Yield Stocks.