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,

Higher-yielding dividend stocks tend to be slower-growing companies. They often pay out a significant percentage of their cash flow in dividends because they don't have enough attractive growth opportunities to reinvest that cash. Their slower growth also weighs on their valuations, which causes their dividend yields to rise.

Two high-yield stocks are dipping, but their growth potential makes them screaming buys. Read why they’re set for double-digit dividend growth.

These companies have attractive dividend yields, and analysts expect them to show high growth rates for revenue and profits through 2026.

While smokable product sales are declining slowly, sales of non-smokable products are driving growth for Altria Group. The company acquired the NJOY brand in 2023 and it's still one of just three e-cigarette brands authorized for sale in the U.S. by the Food and Drug Administration (FDA).