Got $5,000? Buy and Hold These 3 Dividend Growth Stocks for the Long Haul

If you have $5,000 you can afford to invest in the stock market right now, dividend stocks could be your best option. They can help make the most of your investment income, especially with growth stocks falling out of favor and more value-oriented investments rising in popularity.

Three income stocks that pay high yields and are backed by strong financials include Novartis (NYSE: NVS), Colgate-Palmolive (NYSE: CL), and Fortis (NYSE: FTS). These stocks don't just pay dividends, but have also been increasing their recurring payments for decades.

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Source Fool.com