The article emphasizes that time is a dividend investor's greatest ally, enabling the accumulation of wealth through consistent investment and reinvestment in reliable companies. It advises against merely chasing high dividend yields and instead recommends targeting businesses with strong financial performances that exhibit growth in sales and income. Lockheed Martin is cited as an ideal example of a company to include in a dividend-paying portfolio, given its firm financial standing and stable demand due to its role in national defense.
It's possible to build life-changing wealth if you pick stocks that represent solid businesses, accumulate shares, and consistently reinvest the dividends for many years.
The secret sauce here isn't to chase after stocks that pay the highest dividend yields. Rather, it's getting good yield while also focusing on companies that are growing their sales, income, or both.
Consequently, I've counted on Lockheed Martin (NYSE:LMT) stock as a mainstay of my dividend-paying portfolio.
Unless you expect the world to live in complete peace and harmony, it makes sense to add some Lockheed Martin shares to your portfolio.
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