Before I get into today's content, please give us a thumbs up if you find value in our videos. This helps us to get the word out and grow the channel. I really appreciate it. I've been living off of dividends since 2016. It's as great as it sounds. Actually, it's better than it sounds.

That's because I'm not just living off of dividends. I'm living off of growing dividends. That's right. My passive dividend income is increasing all by itself. See, I invest in and make videos on high-quality dividend growth stocks, including the best stocks to buy now. These are stocks that pay reliable, rising cash dividends. Because the businesses are producing reliable, rising profits.

These businesses are able to do this because they're providing the products and/or services the world demands. Since inflation means life will get more expensive over time, you need to make sure your passive income is up to the task and can also grow over time. And that's where dividend growth investing comes in. Every time one of your dividends is increased, it makes living off of your dividends that much easier.

With that in mind, I want to tell you about three dividend growth stocks that recently increased their dividends.

The first dividend increase I want to tell you about came from Innovative Industrial Properties Inc. - stock ticker IIPR.

This real estate investment trust specializes in properties used for the medical-use cannabis industry, which could set it up for phenomenal long-term growth.

A 6.5% dividend increase sounds great. But it's a lot better than it looks when you see that it comes on top of a dividend that was increased by 6% just last quarter. And this incredible growth comes on top of the stock's current yield of 3%.

But every eventual dividend growth titan has to start somewhere. And this thing is off to a blazing start. The second dividend increase comes courtesy of Globe Life Inc. - stock ticker GL.

Hold stock. Get a pay raise. Sounds like a pretty good deal to me.

Like almost every stock, Globe Life has raced higher after bottoming out in the pandemic panic last March. But with a P/E ratio below 15, this stock doesn't appear to be valued at an unreasonable level.

But in normal times, this stock is typically handing out pretty big dividend increases - the 10-year dividend growth rate is over 10%. So you have to decide if that low yield is worth the trade-off of the higher growth rate.

Last but not least, I want to bring to your attention the dividend increase from Worthington Industries, Inc. - stock ticker WOR.

This under-the-radar manufacturing company out of Ohio continues to hand out the dividend increases like clockwork - they didn't even let the pandemic stop them from doing so.

And there's been plenty of growth, with a 10-year dividend growth rate of 9.4%. When you see a dividend increase larger than its long-term average during a period of unprecedented uncertainty, that speaks volumes about a business and its commitment to shareholders.

That meteoric rise has had the effect of lowering the yield, now at only 1.7%. But long-term shareholders have some stock appreciation to comfort them, as well as the fact that free cash flow has more than quadrupled over the last decade. Worthington Industries is getting it done.

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