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Mega cap dividend paying stocks help reduce volatility in your portfolio and prevent you from doubting your investments as the market rises and falls. By definition, mega cap stocks are those with a market capitalization of 100B or more. Only 11 mega cap stocks have a dividend yield of 3% or more.

Our favorite mega cap stocks have been increasing their revenues year after year and, as a result, they are able to increase their dividends. Adding these names to your portfolio provides you with assurance that you will continue to realize a return regardless of the short term moves in the market. Companies that have a track record of increasing their dividend also have a solid history of increasing their net income.

Not all mega cap stocks pay a dividend. For those that do, we wanted to identify stocks that have a high dividend yield and dividend growth rate. We found 8 mega cap stocks with a dividend yield of 3% or more, a 5 year dividend growth rate of at least 9% and a positive 3 year net income growth rate.

Chevron Corp (NYSE:CVX)

Chevron operates as an energy company in multiple sectors which include petroleum, chemical operations, mining and power generation. They also explore for crude oil and natural gas and then work to refine oil into peritoneum products. CVX has a market cap of 199B.

Chevron has been paying dividends since 1912 and has raised their dividend for 19 consecutive years. It has a dividend yield of 3.1% and a 5 year dividend growth rate of 9%. Their payout ratio is 22%.

Nestle SA (OTCPK:NSRGY)

Nestle is a Swiss company that operates in the food and beverage, nutrition and wellness sectors. Their 3 business units are Food and Beverage, Nestle Waters and Nestle Nutrition. NSRGY has a market cap of 185B.

Nestle has been paying dividends since 1991 and has increased their dividend for 13 consecutive years. They have a dividend yield of 3.7% and a 5 year dividend growth rate of 24.4%.

Johnson & Johnson (NYSE:JNJ)

Johnson and Johnson is a health care company that researches and develops a large number of pharmaceutical and medical device products. They own and operate over 250 international companies. JNJ has a market cap of 174B.

Johnson and Johnson has been paying dividends since 1944 and has increased their dividend for 48 years in a row. Their dividend yield is 3.5% and their 5 year dividend growth rate is 9.5%. JNJ is one of the top rated stocks on our safe dividend stocks list.

The Procter & Gamble (NYSE:PG)

Procter & Gamble provides consumer packaged goods for the home and for personal use. Their products are sold in over 180 countries. Over 15% of their revenue comes from products sold in Walmart stores. PG has a market cap of 173B.

Proctor and Gamble has been paying dividends since 1891 and has increased their dividend for 57 years. Their dividend yield is 3.3% and their 5 year dividend growth rate is 11.2%.

China Mobile (NYSE:CHL)

China Mobile provides a wide range of mobile services to over 600 million customers in China. Their services include voice and value-added business. CHL has a market cap of 195B.

China Mobile has been paying dividends since 2003 and has increased their dividend for the last 2 years. CHL has a dividend yield of 3.8% and a 5 year dividend growth rate of 18.7%.

BHP Billiton (NYSE:BBL)

BHP Billiton is natural resource company that operates in 9 sectors which makes their business fairly diversified. A few sectors that they operate in are petroleum, aluminum, stainless steele, iron ore and energy coal. BBL has a market cap of 157B.

BHP Billiton has been paying dividend since 2002 and has increased their dividend every year for the last 8 years. Their dividend yield is 3.4% and their 5 year dividend growth rate is 3.4%.

Intel Corp (NASDAQ:INTC)

Intel is a semiconductor chip maker that makes microprocessors, chipsets, motherboards and wireless products. Intel has been gaining attention lately for their move into the mobile processing space. INTC has a market cap of 123B.

Intel has been paying dividends since 1992 and has increased their dividend for 7 consecutive years. Their dividend yield is 3.2% and their 5 year dividend growth rate is 14.6%.

PepsiCo (NYSE:PEP)

Pepsi doesn't just make soda. They are a international food, snack and beverage company that operates through it's multiple international divisions. PEP has a market cap of 100B.

Pepsi has been paying dividends since 1952 and has raised their dividend for 39 years. Their dividend yield is 3.1% and their 5 year dividend growth rate is 12.3%.

Coke (NYSE:KO) is a great and possibly better valued investment than Pepsi but didn't make this list because it has a slightly smaller dividend yield (2.8%) and lower dividend growth rate (8.8%).

Source: 8 Highest Growth, Dividend-Paying Mega Caps