The 7 best dividend-paying stocks to buy for your grandkids

Dividend stocks are one of the best gifts for the little ones in the family. Teach your grandkids the importance of compound investing and financial security by introducing them to these dividend-paying stocks. C.H. Robinson Worldwide (CHRW): The company negotiates full truckload and intermodal transportation and connects manufacturers with air and ocean freight service providers. Commercial Metals Company (CMC): Helps build highways, bridges, sports stadiums and more, and uses 100% recycled steel. ConocoPhillips (COP): The energy company splits its production roughly equally between oil and natural gas. Kroger (KR): The Cincinnati-based grocery chain is a good bet if you're looking for a quality dividend stock to buy and hold. OGE Energy (OGE): Electric utility company invests in clean energy solutions like solar power. Penske Automotive Group (PAG): Rising used car prices this year have made Penske a big winner in 2022. Westlake Corp (WLK): The Houston-based company's products are used in everything from food packaging to vinyl siding.

If you're a grandparent — or if you aspire to be one at some point — one of the best gifts you can give the youngest members of your family is a solid financial foundation. While some of this may be a legacy, it's also important to teach little kids how Grandma and Grandpa managed to do so well in their golden years. So don't be afraid to introduce them to investing and the magic of dividend stocks.

Dividend stocks are great long-term investments because in addition to your quarterly return, you also get a quarterly (or sometimes monthly) dividend. And when you turn around and reinvest those dividends directly into your stocks, your position grows steadily over time, as does your investment portfolio.

Knowing the best dividend stocks to buy and own, coupled with understanding the magic of compound interest, is the best way for your grandkids to build their portfolios and start down the path of a life and of a comfortable retreat.

What better gift can you give?

Here are some highly rated dividend stocks to buy for your grandkids and start their financial journey off on the right foot.

CHRW C.H. Robinson Worldwide $109.23 CMC Metal trading company $39.25 COP Conoco Phillips $91.29 KR Kroger $46.96 EMB EMB Energy $40.70 CAP Penske Automotive Group $117.26 WLK West Lake $94.46 Dividend Stock: C.H. Robinson Worldwide (CHRW)

Unless you've been hiding in a cave, you know the supply chain all too well - the intricate global web of materials, workers, manufacturing and shipping that keeps you sitting on your life...