Two of my favorite pastimes are enjoying good food and finding new ways to generate passive income. For me, the two go hand in hand. The more passive income I can produce, the more my wife and I can spend time on enjoying different food experiences together.

I've found that investing in dividend-paying food stocks can be a great way to satisfy both cravings. I can use the income they produce to fund new food adventures. Starbucks (NASDAQ: SBUX), Mondelez (NASDAQ: MDLZ), and Four Corners Properties Trust (NYSE: FCPT) offer appetizing income streams. Here's a closer look at their dividends.

Caffeinated dividend growth

Starbucks currently pays a 2.5%-yielding dividend. That's well above the S&P 500 index's 1.4% dividend yield.

One of the big things Starbucks brings to the table is dividend growth. The coffee giant has grown its payout at an impressive 20% compound annual rate since it started paying dividends 13 years ago. It most recently increased its payout by 7.5% last September.

Starbucks is in a strong position to continue growing its above-average payout at a strong clip. The company launched its triple-shot reinvention strategy last fall to accelerate growth and increase its profitability. The company aims to grow its already massive store count to 55,000 global locations by 2030 (up from over 38,000) while unlocking over $3 billion in cost savings. These catalysts should drive 10%+ annual revenue growth and 15%+ annual earnings growth over the long term. That strong earnings growth should enable Starbucks to continue increasing its dividend at a solid rate.

Snacking on a steadily rising payout

Mondelez offers a 2.4%-yielding dividend. The global snacking giant has delivered double-digit annual dividend growth over the last five years, including a 10% increase in 2023.

The maker of Oreo cookies and Ritz crackers expects to continue growing at a solid rate. It sees its organic net revenue rising by 3% to 5% this year with high-single-digit adjusted per-share growth. It also expects to continue producing robust free cash flow ($3.5 billion), the bulk of which it will likely return to shareholders through dividends and repurchases. It aims to grow the dividend around the same rate as its adjusted earnings, suggesting a floor growth rate in the high single digits.

Mondelez aspires to accelerate its already solid organic growth rate by making acquisitions. It has completed nine deals since 2018 that have added more than $3 billion in annual revenue. The company is in an excellent position to continue making acquisitions as promising opportunities arise. It has a strong balance sheet, which it recently bolstered by selling its gum brands in developed markets. Its acquisition focus in recent years has been on buying healthier and premium brands to increase its market share in core categories and expand into adjacent ones. Future deals could enable Mondelez to grow its earnings and dividend even faster.