In this edition of The Motley Fool's "Ask a Fool" series, Motley Fool analysts Jason Moser and Brendan Mathews take a question from a reader who writes, "What are some of your favorite dividend stocks?"

Dividend stocks are great ways for investors to generate extra income in their portfolios while owning shares of quality companies. Jason likes Home Depot's (HD 0.86%) 2.4% dividend yield with its exposure to all things housing and its size advantage over competitor Lowe's (LOW 1.49%), but Lowe's brings better margins and profitability. Brendan likes Nucor's (NUE -8.87%) market-leading position in steel production as the economy continues to recover, not to mention its stellar management team and shareholder-friendly dividend policy. As a bonus, the guys each share one more idea that they like for long-term income investors.