Many folks get into investing by following legendary investors like Peter Lynch or Warren Buffett. But no matter what era or style of investor you look up to, chances are a big reason for their success is that they buy hidden gem stocks and let those positions compound over an extended period.

Some investors are famous for buying undervalued companies. Others make a name for themselves by betting on growth trends and having the patience to let technologies pierce into the mainstream.

However, one of the simplest and most underrated investing strategies is to buy a hidden gem dividend stock -- a company that blends a reliable and steadily growing payout with the potential for compound gains. Here's why investors might want to keep an eye on (NASDAQ: SBUX), Pentair (NYSE: PNR), and Westlake Chemical Partners LP (NYSE: WLKP).

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Source Fool.com