Don't overthink it. Every broker has stock screener and you can look for stocks that have historically paid dividends. Within that bucket, look for stocks you like. The quality of the company you're buying is more important than the dividend.
Start the screen with dividend paying stocks, find companies you like within that category, buy then and set your account to reinvest dividends. Done.
Alternatively, there are plenty of funds that specialize in dividend paying stocks and do this for you.
geli7 t1_j2eoo66 wrote
Reply to Question about dividend re-investment strategy by BrandonQuinnDixon
Don't overthink it. Every broker has stock screener and you can look for stocks that have historically paid dividends. Within that bucket, look for stocks you like. The quality of the company you're buying is more important than the dividend.
Start the screen with dividend paying stocks, find companies you like within that category, buy then and set your account to reinvest dividends. Done.
Alternatively, there are plenty of funds that specialize in dividend paying stocks and do this for you.