Three high-octane monthly income stocks -- sporting yields ranging from 5.3% to 14.2% -- have the tools and intangibles needed to pad investors' pocketbooks.

For more than a century, the stock market has been a money machine for investors with a long-term mindset. Although the market has endured its fair share of corrections, no other asset class has come close to matching the annualized return of stocks over long periods.

With thousands of stocks and exchange-traded funds (ETFs) to choose from, there are countless ways for investors to generate wealth. But one of the most time-tested ways to compound your wealth on Wall Street is to invest in dividend stocks .

In The Power of Dividends: Past, Present, and Future , the researchers at Hartford Funds, in collaboration with Ned Davis R

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