Coca-Cola has paid a growing dividend for over half a century and continues to invest in opportunities. Home Depot has a long track record of dividend growth and outperforming the broad market. Dividend superstar Realty Income has paid a monthly dividend for more than 54 years.

Investors usually buy stocks with the expectation that their value will increase as the company grows more profitable. However, stocks can offer additional advantages.

Whether you prefer growth stocks, value stocks, dividend stocks, or a mixture of investments in your portfolio, price should only be one factor you consider when determining which businesses to add. Dividends can be a great way to increase your returns with time while giving you extra capital to reinvest or keep in your portfolio.

Investing in top-quality dividend stocks is a smart strategy for generating steady passive income. Notably, several TSX stocks consistently pay and increase their dividends regardless of market conditions,

Navigating today's market as a dividend investor is challenging. Check out my strategy of picking the right income stocks at the proper time.

Dividend stocks can be fantastic long-term investments. Over the past 50 years, the average dividend stock in the S&P 500 has outperformed nonpayers by more than 2-to-1. The best returns have come from companies that consistently increase their dividends.