Navigate the market’s roiling waters toward a safe shore of solid, steadily rising income.

Dividends have regained some of their long-lost allure in investors’ eyes. Battered by bear markets, financial scandal, and disappointing growth stock performance, a check in the hand is looking much better than the so-called bird in the bush. Companies are booting up new and bigger dividends at startling rates.

Morningstar DividendInvestor editor Josh Peters takes a fresh approach to dividend-paying stocks. When choosing stocks for his Dividend Portfolio, Josh doesn't focus solely on yield as so many dividend investors do. Instead, he seeks out superior total returns by investing in dividend-paying stocks with dividend growth and price appreciation potential. Josh aims to realize 10%-12% annual returns over any three- to five-year horizon. That return consists of a 3%-5% yield, 3%-5% (or greater) dividend growth, and 2%-4% from excess capital gains.

In each issue of Morningstar DividendInvestor, Josh offers sound advice on the long-term investment of your capital with dividends as the guide. He examines the fundamentals, asking three basic questions of each stock to build an investment case from the dividend up: Does this stock offer above-average income potential during the next three to five years? Can it provide a combination of dividend yield and dividend growth in the 10%-12% range per year? And does it provide an acceptable margin of safety? Josh is a consistent practitioner of this approach—and the strategy is transparent.

You can benefit from Josh’s dividend strategy with a subscription to Morningstar DividendInvestor.

• Monthly issues in which Josh discusses his latest changes to the Dividend Portfolio. Other regular features include Josh’s commentary on current and potential portfolio recommendations (including exclusive reports from company visits), coverage of the market’s largest dividend payers and the highest-yielding stocks, in-depth looks at income-producing industries in the market, a roundup of significant dividend actions, and Josh’s watch list of dividends he thinks are most likely to be cut or eliminated.
• Three free reports written by Josh that help you make the most of your subscription: “DividendInvestor Owner's Manual,” “The Dividend Drill: Evaluating Long-Term Total Returns,” and “Payouts in Peril: Six Signs Your Dividend Might Not Be Safe.”
• E-mail alerts from Josh whenever he makes a change to the portfolios. Josh will also e-mail you with his opinions about events or changes related to the companies on his watch list and in his portfolio, as well as his thoughts on the market.