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To embark on a journey into dividend investing, one should consider opening accounts with reputable brokerage firms like Vanguard or Schwab. Successful dividend investors often seek stocks with a yield ranging from 2% to 4%, avoiding excessively high yields, which may indicate underlying instability.
The Importance of Research
It’s vital for aspiring dividend investors to research companies known for their reliable dividend payouts. This includes looking into “dividend aristocrats,” companies that have consistently raised their dividends over several decades.