Want to Gain $500 in Annual Dividend Income? Invest $5,460 in These 3 High-Yield Dividend Stocks.

If you're trying to put your money to work on Wall Street, there's an endless array of interesting strategies. Luckily, one of the most effective methods to generate outsize returns, buying dividend stocks to hold long term, is also one of the easiest to implement.

Businesses usually become profitable on a recurring basis long before they commit to a dividend program. Once they make such a commitment, returning a portion of profits to shareholders forces management teams to make smarter decisions.

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Source Fool.com