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In our recent study we have shown that the average return of high dividend yielding stocks was 13.04% between 1927 and 2009. The dividend stocks beat the overall market by an average of 1.36% per year during this period.

We prepared a list of eight large scale companies with high growth rates and pay fat dividend checks regularly. All companies in this list have a market capitalization above $2 billion, five years EPS growth rate higher than 20%, and dividend yield of at least 4%. These eight stocks returned 19.22% (including dividends) during the past 12 months, beating the government bonds by a large margin.

1. AmeriGas Partners, LP (APU): AmeriGas is the only major propane company in the U.S. APU recently traded at $44.83 and has a 6.29% dividend yield. The stock returned 16.71% during the past 12 months. Current P/E ratio is 17.2 on these shares.

2. CPFL Energia SA (CPL): CPFL Energia S.A. generates, distributes and sells electricity in Brazil. CPL recently traded at $77.66 and has a 6.48% dividend yield. The stock returned 29.28% during the past 12 months. Current P/E ratio is 13.1 on these shares.

3. Kayne Anderson MLP Investment Co. (KYN): Kayne Anderson MLP Investment Co. is a closed ended equity mutual fund. KYN recently traded at $31.08 and has a 6.24% dividend yield. The stock returned 30.81% during the past 12 months. Current P/E ratio is 4.53 on these shares.

4. Partner Communications Company Ltd (PTNR): Partner Communications Company Ltd. is one of the leading telecommunication companies, which is operating in Israel. PTNR recently traded at $18.04 and has a 13.24% dividend yield. The stock lost 5.94% during the past 12 months. Current P/E ratio is 8.08 on these shares.

5. Siliconware Precision Industries (SPIL): Siliconware Precision Industries is one of the leading multinational technology companies which provides semiconductor packaging and testing services worldwide. SPIL recently traded at $6.03 and has a 6.65% dividend yield. The stock gained 5.6% during the past 12 months. Current P/E ratio is 12.67 on these shares.

6. Targa Resources Partners LP (NGLS): Targa Resources Partners LP is one of the leading energy companies in the U.S. NGLS provides midstream natural gas and natural gas liquid services. NGLS recently traded at $32.89 and has a 6.48% dividend yield. The stock gained 35.46% during the past 12 months. Current P/E ratio is 35.9 on these shares.

7. Telefonica SA (TEF): One of the leading multinational telecom companies, Telefonica recently traded at $24.28 and has a 7.2% dividend yield. The stock returned 7.34% during the past 12 months. Current P/E ratio is 7.76 on these shares.

8. Terra Nitrogen Company (TNH): Terra Nitrogen Company, L.P. produces and distributes nitrogen fertilizer products. TNH recently traded at $108.19 and has a 4.73% dividend yield. The stock returned 34.48% during the past 12 months. Current P/E ratio is 13.51 on these shares.

Source: 8 Safe Dividend Stocks With Excellent Growth Rates