If you're striving for financial independence, one thing you should do is build up streams of passive income. Passive income is an excellent way to make your money work for you so you can make money when you sleep.

One of the easiest ways to build passive income is by investing in dividend stocks. Dividend stocks come in all shapes and sizes. Some companies pay out more dividends relative to earnings, while some yield higher relative to the share price. thforthe but come with added risk. Others have a long history of increasing their dividend payouts.

One company that has increased its dividend payout for nearly five decades straight is United Bankshares (NASDAQ: UBSI). The bank has achieved an impressive history of dividend growth and is a couple of years away from being crowned a Dividend King. Here's what you need to know about this passive income opportunity.

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Source Fool.com