There's an expression in the investing community that money is freedom. I would take it one step further and argue that ever-rising dividend income is freedom. That's because the recent market downturn served as a reminder that wealth on paper can disappear as quickly as it is created. Dividend income, on the other hand, is as steady as a company's profits and cash flow.
Investors eventually learn that the right dividend stocks are the closest thing to a guarantee of a lifetime of reliable, increasing passive income. Let's take a closer look at two Dividend Aristocrats that appear poised to continue paying higher dividends for years to come. Operating as a leader in the water heater and water treatment businesses, A.O. Smith (AOS) is positioned to cash in on growing demand for its products. As one of the largest defense contractors and aerospace companies in the world, General Dynamics (GD) is part of the oligopoly filling the demand for weapons and defense systems. The U.S. government comprised approximately 70% of the company's total consolidated revenue of $38.5 billion in 2021.
Source: Motley Fool
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