Dividend stocks have historically delivered an average annual return of 9.2% over the last 50 years, outperforming non-dividend payers. Investing $12,500 in dividend stocks 50 years ago could have made you a millionaire today.

Focus on companies that steadily increase dividends rather than high-yield stocks for better total returns. Dividend growers have historically outperformed dividend cutters or non-payers.

Build a diversified portfolio of 10 to 25 proven dividend growers with resilient cash flows, conservative payout ratios, strong balance sheets, and growth industry presence for long-term success.

Consider investing in a high-quality dividend stock ETF like Schwab U.S. Dividend Equity ETF, which has delivered a 12.4% average annual return since 2011, focusing on dividend growth stocks.

Investing in dividend stocks can help you become a millionaire over time. Consider proven dividend growers with steady dividend increases for the best long-term returns. Individual stock picking or ETF investing can both be viable strategies for wealth growth.

Read more at Yahoo Finance: How to Become a Dividend Millionaire