When picking dividend stocks, we should have the intention of holding the stocks for the long term. In order to be comfortable with that timeframe, we need to have a complete understanding of the business and feel comfortable with the business. Additionally, buying the company when the valuation is favorable will provide a margin of safety and a higher yield. Buying a great company at a bad valuation can lead to a bad outcome. This series reviews the details of the business and provides three valuation methods in determining if the stock presents a reasonable value at this time.