One great thing about owning shares in a company that (at least occasionally) raises its dividend is that your passive income increases while you do nothing at all.

In that spirit, let's take a look at two longtime companies that have declared dividend raises in recent days, Altria Group (NYSE: MO) and General Motors (NYSE: GM), and see how much more they're remunerating their shareholders.

Altria is a longtime favorite of income investors who don't mind that the company's main stock-in-trade is cigarettes. That's because Altria has always spat out a high-yield dividend every quarter, which is maintained by regular (typically once per year) raises. The 2022 version of this is a 4% increase to $0.94 per share.

Continue reading

Source Fool.com