In an effort to combat a swift rise in inflation, central banks have been hiking interest rates. That makes it more attractive to invest in things like CDs over dividend-paying stocks. For the most conservative investors, such a switch might make sense, but for investors with longer time horizons, it could be a risky decision. Specifically, the growing dividends you can collect from companies like Toronto-Dominion Bank (NYSE: TD) and Realty Income (NYSE: O) will help you keep up with inflation in a way that static CD interest payments can't. Here's a look at why these two dividend stocks look attractive today.

Toronto-Dominion Bank has been around in some form since 1855. That's a very long history that includes a lot of good and bad times. The giant Canadian bank has survived them all, including rising-interest-rate environments like the one in place today. 

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Source Fool.com