When I speak to people these days, I get a strong sense of uncertainty about the markets and in particular stocks. I don’t blame them. If you watch or read any financial news, you are bombarded with news that would make you question your decision to own stocks. Despite these, dividends are an ideal source of income for multiple reasons. Studies show that people with multiple sources of regular recurring income are happier than those who are limited to spending their investment principal for their livelihoods.

Do you know the only thing that gives me pleasure? It’s to see my dividends coming in. – John D. Rockefeller, One of the richest men in modern history

Many companies pay their dividends on a regular basis, so developing a portfolio that is diversified with companies in various industries and with a history of paying increasing dividends has been a highly satisfying way for many to invest....