Legendary investor Warren Buffet has best encapsulated the idea of passive income. He said: “If you don’t find a way to make money while you sleep, you will work until you die.” The best way I have found of making money while I sleep is by investing in shares that pay me dividends. As I am reducing my working commitments having turned 50 a while back, the higher the dividends the better. But I also look for a strongly growing company to support high dividend payments into the future. I recently added to my holding in British American Tobacco (LSE: BATS), based on these key factors. The company has a notable history of paying high yields. Aside from the current 9.8% it pays, the yields in 2022, 2021, and 2020 were 6.7%, 7.9%, and 7.8%, respectively. It is now one of the very few shares in the leading FTSE 100 index that pays an annual return of over 9%. By comparison, the average current yield of the leading index is 3.8%. So £11,000 – the average savings amount in the UK – invested at 9.8% would make £1,078 this year in dividends payments. If the yield averaged the same over 10...