If you just read back through this forum you can find people who are above-average in most ways (ie intelligence/curiosity, financial resources, etc) asking how they can possibly do a 4% SWR retirement when they'd have to *sell stock* to do it.
Won't I run out of shares?
I thought I was just going to live on the dividends!
etc, etc.
People value dividends above capital gains because people are stupid (and yes, I have lots of cognitive biases that make me do stupid things too, I'm not trying to be a dick) and don't really understand how mutual funds and stocks work. That means there should be a (small) comparative advantage in ignoring dividends completely. There are also some tax advantages, of course.
So if it makes you feel warm and fuzzy to buy only dividend stocks, by all means do it. Just don't expect your returns to match what you'd get just throwing money randomly into index funds.
-W