Almost always your best "dividend stock" won't be a dividend stock. A diversified portfolio of blue chips such as an S&P 500 index fund will usually do much better. Nowadays with free or low priced commissions you can always sell off a few growth shares if you need some cash. Who gives such advice? Warren Buffett for one.
Generally RUN from any stock yielding 6% or more, and especially anything displaying a double digit yield. How do they achieve such payouts? Often with gimmicks like Return of Capital, oddball option schemes, and of course ... dangerously high leverage.
Unlike 98% of local "players," I actually know what I'm talking about.
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Because the Good Life is Just a Pump or Two Away