Dividend growth stocks are some of the best ways to build wealth. A consistently growing Dividend signals from management that it expects strong profit growth and a stable balance sheet well into the future.

According to a study from Hartford Funds, stocks that initiated or increased their dividends dramatically outperformed stocks that didn't pay dividends over the last 50 years. And it's not even close. Dividend growers and initiators averaged a total return of 10.24% from 1973 through 2022, while non-payers averaged returns of just 3.95%.

Two stocks that have rapidly increased their dividend payments to shareholders over the last half-decade, (NYSE: V) and Mastercard (NYSE: MA), have managed to outperform non-dividend payers in that time. Since 2019, both stocks have doubled their dividends (or better), and investors should expect them to double again in the next half-decade.

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Source Fool.com