Got $300,000? These Dividend Stocks Can Make You a Millionaire by 2031 (or Sooner)

·7 min read
Got $300,000? These Dividend Stocks Can Make You a Millionaire by 2031 (or Sooner)

For more than a decade, growth stocks have been in favor on Wall Street. To begin with, dividend stocks have a much better long-term track record than companies that don't pay a dividend. A report from J.P. Morgan Asset Management, a division of JPMorgan Chase, found an almost 500% higher annualized return from companies that initiated and grew their payouts between 1972 and 2012 (9.5% annual return), relative to stocks which didn't pay a dividend over the same four-decade stretch (1.6% annual return).

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting