For all you young investors out there, I highly recommend reinvesting dividends to boost your overall return. This article I have included here discusses a research that was done by Jeremy Siegel. He determined that reinvested dividends accounted for 97% of the growth of the DOW since 1900. Interesting article that could lead you to other ideas about your investment strategies.
I have actually begun to pay a lot more attention to dividend paying companies such as Dividend Aristocrats. This way, you can look historically at how they have paid and increased payouts and also how they performed during turbulent market conditions.
Interesting article that is worth a read.