For this list, we screened for dividend stocks with sound financials and robust balance sheets. From that group, we picked companies that achieved positive revenue growth in the past five years. The final 10 picks are those with a five-year revenue growth rate exceeding 10%. The stocks are ranked in ascending order of their revenue growth rates.

Three dividend stocks that are near their 52-week lows and which may make for solid income-generating investments are Pfizer ( PFE 2.75%), Lockheed Martin ( LMT 4.30%), and Rogers Communications ( RCI 1.30%). Here's what you need to know about these stocks and why they are worth buying for their dividend income.

Buying and holding high-yield dividend stocks can be a smart way to generate passive income. Moreover, companies with consistent dividend payments and sustainable payouts often have solid financials and a strong earnings base.