Here are seven attractively valued dividend stocks investors can bet on for the long term, according to Bank of America analysts:

It takes money to make money. However, you don't need a lot to get started. Many top-notch dividend stocks have share prices below $100 right now. That's worth noting, given the powerful returns that dividend stocks have produced over the long term.

Despite common perceptions, 2024 turned out to be a strong year for dividends, even though the Aristocrats Index underperformed the broader market.

Investors looking for dividend stocks to buy need to strongly consider including these five stocks right now. One of the best things about investing is the sheer selection of great dividend stocks to buy. Even better, a decent starting position in those stocks can be purchased for less than $1,000.

PepsiCo has increased its quarterly dividend payment almost 10-fold from $0.14 per share to $1.355 over 23 years, for a solid compound annual growth rate of 10.4%. PepsiCo's dividend yield currently stands at 3.6%, which is nearly triple that of the 1.3% offered by the S&P 500 index.

The combination of high growth potential, dividend increases, and low valuation makes this TSX stock a compelling option.

Dividend stocks can be a great way to boost your portfolio's growth potential or provide a form of passive income over the years. While not all dividend stocks are the same, finding great companies that can stand the test of time can enable you to magnify your returns through market ups and downs.