Top 45 – 10-Year Dividend Growth Stocks for High Returns in 2024

Are you ready to secure long-term financial stability with 10-year dividend growth stocks?

In an era marked by market volatility and economic uncertainty, the allure of long-term financial stability remains ever-present. For investors seeking reliable income streams and sustainable growth, 10-year dividend growth stocks emerge as a promising avenue. 

Exploring the intricacies of these steadfast investment options, this article delves into the key factors behind their allure, uncovering the potential benefits and risks they pose in the dynamic landscape of modern finance.

Best 10 year Dividend Growth Stocks

Caterpillar

Caterpillar’s current dividend yield and payout ratio are not available. As a renowned machinery and equipment company, Caterpillar’s steady performance and robust market position have drawn the attention of long-term investors seeking to capitalize on the industrial sector’s growth potential.

>> Caterpillar Dividend History

Essex Property Trust

With a solid 4.32% dividend yield and a relatively high payout ratio of 112.02%, Essex Property Trust demonstrates its commitment to distributing profits to shareholders. Despite the higher payout ratio, the company’s consistent dividends appeal to investors seeking income from real estate investments.

>> Essex Property Trust Dividend History

Albemarle

Albemarle’s 1.26% dividend yield, coupled with a conservative payout ratio of 4.78%, reflects the company’s balanced approach to rewarding shareholders while retaining earnings for future growth. As a leading global specialty chemicals company, Albemarle’s prudent dividend policy mirrors its stable market position.

>> Albemarle Dividend History

Chubb

Chubb’s 1.60% dividend yield and modest payout ratio of 19.96% signify the insurance giant’s dedication to delivering value to its investors. Known for its resilience and consistent performance, Chubb’s dividends serve as a testament to its financial stability in the insurance industry.

>> Chubb Dividend History

Linde

With a 1.33% dividend yield and a moderate payout ratio of 41.32%, Linde, a global industrial gas company, appeals to investors seeking a balanced blend of income and growth. Its stable performance and strategic positioning in the industrial gas market contribute to its appeal among dividend investors.

>> Linde Dividend History

Ecolab

Ecolab’s 1.26% dividend yield and a reasonable payout ratio of 51.09% highlight the company’s commitment to rewarding shareholders while maintaining a healthy balance for future growth investments. Renowned for its water, hygiene, and energy technologies, Ecolab’s dividends reflect its resilience in a dynamic market.

>> Ecolab Dividend History

Roper Technologies

Roper Technologies offers a modest 0.56% dividend yield and a conservative payout ratio of 23.64%. The company’s strategic focus on diversified technology solutions underscores its approach to balancing dividend distribution with strategic investments for sustained innovation and market expansion.

>> Roper Technologies Dividend History

General Dynamics

General Dynamics’ 2.19% dividend yield and a relatively moderate payout ratio of 43.61% underscore the aerospace and defense corporation’s commitment to consistently reward its investors. With its solid performance and long-standing presence in the defense sector, General Dynamics remains an attractive choice for dividend-focused investors.

>> General Dynamics Dividend History

Chevron

Chevron’s robust 4.14% dividend yield, paired with a reasonable payout ratio of 44.17%, showcases the energy giant’s dedication to providing shareholders with competitive returns. Despite the fluctuating nature of the energy sector, Chevron’s commitment to maintaining a strong dividend policy remains a highlight for income-seeking investors.

>> Chevron Dividend History

Atmos Energy

Atmos Energy’s 2.75% dividend yield and a moderate payout ratio of 49.91% reflect the company’s emphasis on providing consistent returns to its shareholders. As a prominent natural gas distributor, Atmos Energy’s steady dividends reflect its position as a stable player in the utilities sector.

>> Atmos Energy Dividend History

Cardinal Health

Cardinal Health’s 2.20% dividend yield and a higher payout ratio of 198.77% indicate the company’s prioritization of rewarding shareholders despite allocating more earnings toward dividend payments. As a significant player in the healthcare industry, Cardinal Health’s dividends reflect its resilience in a competitive market.

>> Cardinal Health Dividend History

McCormick

McCormick’s 2.44% dividend yield and a reasonable payout ratio of 64.17% showcase the company’s commitment to providing shareholders with consistent returns. Renowned for its spices, herbs, and flavor solutions, McCormick’s dividends reflect its stable performance and continued growth in the consumer goods sector.

>> McCormick Dividend History

Cintas

Cintas boasts a 1.06% dividend yield and a modest payout ratio of 36.09%, reflecting the company’s commitment to consistently rewarding its investors. With its focus on specialized services like uniform rental and facility services, Cintas remains an attractive option for long-term dividend investors.

>> Cintas Dividend History

Amcor

Amcor’s impressive 5.51% dividend yield, coupled with a reasonable payout ratio of 69.15%, reflects the packaging company’s dedication to providing shareholders with substantial returns. Amid the evolving packaging industry, Amcor’s consistent dividends contribute to its appeal among income-focused investors.

>> Amcor Dividend History

Exxon Mobil

With a notable 3.59% dividend yield and a conservative payout ratio of 36.15%, Exxon Mobil continues to prioritize providing reliable returns to its shareholders. As a major player in the energy sector, Exxon Mobil’s dividends reflect its stability in an ever-changing market environment.

>> Exxon Mobil Dividend History

Aflac

Aflac offers a 2.15% dividend yield and a relatively low payout ratio of 21.98%, showcasing the insurance company’s commitment to balancing dividend payments with investments for future growth. Aflac’s consistent dividends reflect its resilience and strong market position in the insurance industry.

>> Aflac Dividend History

Franklin Resources

Franklin Resources presents an attractive 5.27% dividend yield and a moderate payout ratio of 74.38%. The company’s focus on providing financial services and investment management solutions underscores its commitment to rewarding shareholders while pursuing sustainable growth in the financial sector.

>> Franklin Resources Dividend History

Clorox

Clorox’s impressive 4.08% dividend yield is accompanied by a relatively high payout ratio of 393.33%, demonstrating the company’s dedication to rewarding shareholders despite allocating a significant portion of earnings to dividends. Clorox’s consistent dividends reflect its strong position in the consumer goods industry.

>> Clorox Dividend History

Medtronic

Medtronic offers a competitive 3.91% dividend yield and a relatively high payout ratio of 100.74%, reflecting the medical technology company’s commitment to sharing profits with its shareholders. Medtronic’s dividends underscore its steady performance and resilience in the dynamic healthcare sector.

>> Medtronic Dividend History

Pentair

Pentair’s 1.51% dividend yield and a conservative payout ratio of 28.16% emphasize the company’s focus on balancing dividend distribution with strategic investments for sustained growth. Renowned for its water treatment and sustainable solutions, Pentair’s dividends reflect its stable performance in the industrial sector.

>> Pentair Dividend History

Walgreens Boots Alliance

Walgreens Boots Alliance offers an impressive 9.11% dividend yield and a reasonable payout ratio of 38.17%, showcasing the company’s dedication to providing substantial returns to its shareholders. Despite industry challenges, Walgreens Boots Alliance’s dividends remain an attractive feature for income-seeking investors.

>> Walgreens Boots Alliance Dividend History

Automatic Data Processing

With a 2.29% dividend yield and a moderate payout ratio of 59.38%, Automatic Data Processing demonstrates its commitment to consistently rewarding shareholders. Renowned for its human capital management solutions, ADP’s dividends reflect its stable performance and strong market position in the technology sector.

>> Automatic Data Processing Dividend History

Lowe’s

Lowe’s offers a competitive 2.31% dividend yield and a reasonable payout ratio of 41.14%, emphasizing the company’s dedication to providing consistent returns to its shareholders. Lowe’s dividends underscore its stability and continued growth in the retail and home improvement sector.

>> Lowe’s Dividend History

Consolidated Edison

Consolidated Edison’s 3.69% dividend yield and a moderate payout ratio of 45.91% reflect the company’s focus on providing reliable returns to its shareholders. With its stable performance and emphasis on utilities services, Consolidated Edison’s dividends remain a highlight for long-term income-focused investors.

>> Consolidated Edison Dividend History

Walmart

Walmart’s 1.40% dividend yield and a moderate payout ratio of 43.46% showcase the retail giant’s commitment to providing consistent returns to its shareholders. With its stable performance and global presence, Walmart’s dividends remain a notable feature for income-focused investors.

>> Walmart Dividend History

S&P Global

S&P Global offers a modest 1.03% dividend yield and a reasonable payout ratio of 49.30%, emphasizing the company’s commitment to rewarding its investors. Renowned for its financial information and analytics services, S&P Global’s dividends reflect its stable performance in the financial sector.

>> S&P Global Dividend History

Nucor

Nucor’s 1.38% dividend yield and a conservative payout ratio of 10.32% underscore the steel producer’s dedication to balancing dividend distribution with strategic investments for sustained growth. Nucor’s stable dividends reflect its resilient position in the industrial sector.

>> Nucor Dividend History

VF

VF’s impressive 2.44% dividend yield is accompanied by a relatively high payout ratio of 536.67%, demonstrating the company’s dedication to rewarding shareholders despite allocating a significant portion of earnings to dividends. VF’s consistent dividends reflect its strong presence in the apparel industry.

>> VF Dividend History

PepsiCo

PepsiCo’s competitive 2.96% dividend yield and a relatively high payout ratio of 80.50% showcase the company’s dedication to providing substantial returns to its shareholders. With its strong market position and diversified product portfolio, PepsiCo’s dividends remain an attractive feature for long-term investors.

>> PepsiCo Dividend History

Becton Dickinson

Becton Dickinson’s 1.44% dividend yield and a moderate payout ratio of 65.10% emphasize the company’s commitment to providing consistent returns to its shareholders. Known for its medical technology solutions, Becton Dickinson’s dividends reflect its stability in the healthcare industry.

>> Becton Dickinson Dividend History

Abbvie

Abbvie’s impressive 4.39% dividend yield and a relatively high payout ratio of 160.27% demonstrate the pharmaceutical company’s dedication to providing substantial returns to its shareholders. Despite the competitive nature of the pharmaceutical sector, Abbvie’s consistent dividends remain an attractive feature for income-focused investors.

>> Abbvie Dividend History

PPG Industries

PPG Industries offers a competitive 2.12% dividend yield and a reasonable payout ratio of 42.04%, reflecting the company’s commitment to consistently rewarding its shareholders. Known for its coatings and specialty materials, PPG Industries’ dividends underscore its stable performance in the industrial sector.

>> PPG Industries Dividend History

Target

Target’s 3.97% dividend yield and a moderate payout ratio of 59.26% highlight the retail corporation’s commitment to providing substantial returns to its shareholders. With its strategic initiatives and strong market presence, Target’s dividends remain an attractive option for income-focused investors.

>> Target Dividend History

Sysco

Sysco’s 3.01% dividend yield and a moderate payout ratio of 56.77% underscore the company’s dedication to providing consistent returns to its shareholders. Renowned for its foodservice distribution, Sysco’s stable dividends reflect its resilience in the food industry.

>> Sysco Dividend History

Stanley Black & Decker

Stanley Black & Decker’s 3.81% dividend yield is accompanied by a relatively high payout ratio of 300.00%, showcasing the company’s commitment to rewarding shareholders despite allocating a significant portion of earnings to dividends. Stanley Black & Decker’s consistent dividends reflect its strong position in the industrial sector.

>> Stanley Black & Decker Dividend History

Hormel Foods

Hormel Foods’ 3.38% dividend yield and a moderate payout ratio of 67.81% demonstrate the food corporation’s commitment to providing consistent returns to its shareholders. With its diversified product portfolio and strong market position, Hormel Foods’ dividends remain an attractive option for long-term income-focused investors.

>> Hormel Foods Dividend History

Johnson & Johnson

Johnson & Johnson’s 3.21% dividend yield and a relatively high payout ratio of 87.05% underscore the healthcare corporation’s dedication to providing substantial returns to its shareholders. With its diversified healthcare portfolio, Johnson & Johnson’s dividends remain an attractive option for income-focused investors.

>> Johnson & Johnson Dividend History

Nordson

Nordson’s 1.28% dividend yield and a conservative payout ratio of 29.95% reflect the company’s focus on balancing dividend distribution with strategic investments for sustained growth. Known for its precision technology solutions, Nordson’s stable dividends underscore its position in the industrial sector.

>> Nordson Dividend History

Cincinnati Financial

Cincinnati Financial offers a competitive 3.01% dividend yield and a conservative payout ratio of 27.92%, emphasizing the insurance company’s commitment to consistently rewarding its shareholders. Cincinnati Financial’s dividends reflect its stable performance and resilience in the insurance sector.

>> Cincinnati Financial Dividend History

3M

3M presents an impressive 6.60% dividend yield and a reasonable payout ratio of 61.67%, showcasing the conglomerate’s dedication to providing substantial returns to its shareholders. With its diversified product portfolio and global presence, 3M’s consistent dividends remain an attractive feature for long-term investors.

>> 3M Dividend History

Emerson Electric

Emerson Electric’s 2.34% dividend yield and a moderate payout ratio of 37.28% demonstrate the company’s commitment to providing consistent returns to its shareholders. Renowned for its technology and engineering solutions, Emerson Electric’s stable dividends reflect its resilience in the industrial sector.

>> Emerson Electric Dividend History

Genuine Parts

Genuine Parts offers a competitive 2.95% dividend yield and a reasonable payout ratio of 42.27%, emphasizing the company’s commitment to consistently rewarding its shareholders. With its strategic initiatives and strong market presence, Genuine Parts’ dividends remain an attractive option for income-focused investors.

>> Genuine Parts Dividend History

Dover

Dover’s 1.57% dividend yield and a conservative payout ratio of 27.82% underscore the company’s dedication to providing consistent returns to its shareholders. Known for its diversified industrial products and manufacturing solutions, Dover’s stable dividends reflect its position in the industrial sector.

>> Dover Dividend History

UnitedHealth

UnitedHealth’s 1.32% dividend yield and a conservative payout ratio of 30.64% reflect the healthcare company’s focus on balancing dividend distribution with strategic investments for sustained growth. UnitedHealth’s stable dividends underscore its resilience in the healthcare sector.

>> UnitedHealth Dividend History

Paychex

Paychex’s 3.21% dividend yield and a relatively high payout ratio of 76.19% highlight the company’s dedication to providing substantial returns to its shareholders. With its focus on payroll and human resource solutions, Paychex’s consistent dividends remain an attractive option for income-focused investors.

>> Paychex Dividend History

Are 10-year dividend growth stocks a good investment?

Investing in 10-year dividend growth stocks can provide a robust foundation for a well-rounded portfolio. These stocks often demonstrate financial resilience, established market positions, and a history of consistent dividend payments, making them attractive for investors seeking reliable income streams and potential capital appreciation. 

Moreover, their long-term performance indicates stability even during market downturns, offering a sense of security amidst economic fluctuations. However, investors should consider the specific company’s financial health, market trends, and overall investment goals to ensure a well-informed and diversified approach to their portfolio. 

Conducting thorough research and consulting with financial advisors can aid in making informed decisions about integrating these stocks into one’s investment strategy.

Factors to Consider when Investing in 10-year Dividend Growth Stocks

When contemplating investments in 10-year dividend growth stocks, several crucial factors warrant careful consideration. 

Firstly, assessing the company’s historical dividend growth consistency, financial health, and payout ratios can provide insights into its sustainability and potential for future dividend growth. Additionally, examining the sector’s stability, market trends, and the company’s competitive positioning is vital for evaluating its long-term viability. 

Moreover, analyzing the company’s dividend policies, management strategies, and potential for continued growth within its industry can provide a comprehensive understanding of its future prospects. 
Furthermore, keeping an eye on macroeconomic trends, interest rate fluctuations, and regulatory changes can help investors anticipate potential challenges and adapt their investment strategies accordingly.



Articles related to this:

>> Dividend Aristocrats List

>> Top 52 Dividend Kings List

>> Top 42 Dividend Growth Stocks

>> Warren Buffett’s Top 36 Dividend Stocks