Growth investors look for capital gains when the share prices of their stocks rise. Income investors, on the other hand, look forward to a stream of passive income from the dividends received from their stocks. You can, however, enjoy the best of both worlds if you look for companies with growing profits that are also increasing their dividends along the way. We feature four US growth stocks with higher profits that have also increased their dividends.

Tractor Supply Company (NASDAQ: TSCO)

Tractor Supply Company is the largest rural lifestyle retailer in the US with 2,216 Tractor Supply stores in 49 states as of 30 December 2023. The business reported healthy top and bottom-line growth for 2023 as it opened more stores around the US. Revenue for 2023 increased by 2.5% year on year to US$14.6 billion with flat comparable store sales. Operating profit improved by 3.1% year on year to US$1.5 billion while net profit inched up 1.7% year on year to US$1.1 billion....