If you're buying stocks for their dividend payments, it's important to focus on companies that also increase those payments. This can enable you to earn rising dividend income that offsets the effects of inflation.

Renowned market expert Rakesh Bansal has shared 5 penny stocks with consistent and high dividend payment. The 5 stocks are: Jagran Prakashan, Advani Hotels, NHPC, Vardhman Acrylics and Jamna Auto. Let's take a look at dividend history and dividend of all the 5 penny stocks.

Investing in stocks that steadily increase their dividend payments can be a solid strategy for generating substantial income over the long term. Companies that steadily hike their dividends mostly have strong financials,

Dividend stocks are the smartest investment you can make in March. The stock market is searching for safe haven assets amid growing global uncertainty, particularly after recent events. Investors are craving stability over risky growth plays.