
Dividend stocks have been in and out of fashion lately, depending on the path of interest rates and market sentiment overall. But for income-oriented stock investors, or those looking for a little defense in a frothy market, they're never really out of style.
The prospects for lower rates could provide a tailwind for dividend stocks in general to emerge from their holding pattern, as yields on competing investments shrink. But for the Kiplinger Dividend 15, the list of our favorite dividend-paying stocks (now in its ninth year), the past 12 months have already been largely rewarding.