Buying shares of great businesses that pay dividends to shareholders can lead to substantial dividend income down the road. A lower share price means you get a higher dividend yield. This means more dividend income to enable buying more shares of your favorite stocks. The snowball effect of earning more dividend income and rolling that into buying more shares can add up tremendously over decades.

If you're looking for dividend stocks that can deliver growing income over the long term, three Motley Fool contributors believe (NASDAQ: SBUX), Home Depot (NYSE: HD), and Realty Income (NYSE: O) are timely buys right now.

John Ballard (Starbucks): Starbucks stock is currently trading 26% off its all-time high from a few years ago. This is a good opportunity to consider adding shares to your portfolio since the ubiquitous coffee chain continues to post consistent double-digit growth and pays a great yield after its recent pullback.

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Source Fool.com