There's no shortage of investing strategies to build wealth on Wall Street. However, few have been as successful as buying and holding high-quality dividend stocks.

The beauty of income stocks is that they're time-tested and almost universally profitable on a recurring basis. These are businesses that have proven to investors that they have the tools and intangibles to successfully navigate choppy waters.

Furthermore, dividend stocks have a rich history of outperforming companies that don't offer a payout. Whereas non-payers trudged their way to a 1.6% annualized return between 1972 and 2012, according to a 2013 report from the wealth management division of JPMorgan Chase, public companies that initiated and grew their payouts produced an annualized return of 9.5% over the same four-decade stretch.

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Source Fool.com