Would you like to get your money to start working for you but without any of the day-to-day responsibilities that come with owning rental properties? If so, I have some great news for you. Buying dividend stocks is one of the safest and easiest strategies for building wealth and generating a stream of passive income.

Picking dividend stocks that outperform is probably easier than you think. Companies in the benchmark S&P 500 index that initiated a dividend or grew their payout over the 50-year period from 1973 through 2022 delivered a 10.24% average annual return. Over the same time frame, the average non-dividend-paying stock in the same index fell by 0.6% annually, according to Ned Davis Research and Hartford Funds.

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Source Fool.com