One of the greatest aspects of putting your money to work on Wall Street is that there's no one-size-fits-all strategy to build wealth. Regardless of whether you prefer buying aggressive growth stocks or deep-discount value stocks, there's a path to grow your nest egg over time.

But among these countless strategies, buying dividend stocks and holding them over long periods is tough to beat.

According to a report issued in 2013 by J.P. Morgan Asset Management, the wealth management division of money-center bank JPMorgan Chase, companies that initiated and grew their payouts between 1972 and 2012 averaged an annualized return of 9.5% over four decades. That compared to a meager annualized return of 1.6% for publicly traded companies with no payout over the same 40-year timeline.

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Source Fool.com