Williams (NYSE: WMB) is quietly having a great year. The natural gas pipeline company recently reported strong third-quarter results. That gave it plenty of money to cover its more than 5%-yielding dividend -- which is more than double the S&P 500's dividend yield -- and expand its operations.

Those growth-related investments should give Williams the fuel to continue increasing its dividend. That makes it a solid option for those seeking a growing passive income stream.

Williams generated $1.637 billion of earnings before interest, taxes, depreciation, and amortization (EBITDA) in the third quarter. That's up 15% year over year. The company also grew its available funds from operations (FFO) by 15%, pushing the total to $1.241 billion. That was enough to cover its high-yielding dividend by a very comfortable 2.4 times, even after accounting for a 4% increase earlier this year. 

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Source Fool.com