Identify a list of solid dividend stocks that grow their dividends over time. Ideally, these dividend stocks should outperform at least the market (if not also their respective industries) in the long run. Aim to add shares when the dividend stocks are cheap. And then you’d be pretty much set for making top-notch passive income with dividend stocks.
Its track record of dividend growth is set to continue
One dividend stock that fit very well is Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP). Since it was spun off from Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM), BIP has increased its cash distribution every single year. BIP’s 10-year dividend growth rate is 9.9%.
So far this year the company is making excellent progress — funds from operations (“FFO”) per unit growth was 11% in the first half of the year.
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