Dividend investing is never just about yields. Nothing beats reliable, sustainable income growth over the long run because that’s where the real money’s at. Case in point: there’s a story about an Abbott Laboratories secretary who bought three shares of ABT for $180 (total) in the 1930s and turned it into $7.2 million by 2010 thanks to capital gains and reinvesting the dividends.
Now, that was a 100% true story. However, for the sake of setting realistic expectations, it may not happen to you. The person in question, Grace Elizabeth Groner, lived modestly for almost all her adult life, and today's economic circumstances are different than they were back then.
