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Everyone complains about financial markets being focused on the short-term, but no one does anything about it. Our financial media and available data seem to forget anything that happened more than one quarter or one year ago. To help investors find the best dividend paying stocks for the long term, I compiled a list of stocks whose dividends have grown an average of 10% per year or more over the past 5 and 10 fiscal years. Total dividend payments over the past 5 and 10 years are provided as a summary dividend history for each stock. Long term equity returns are also provided to demonstrate that the companies on this list are not destroying themselves to ensure dividend payment. In addition, valuation multiples (PB, PE, and PS) are also provided:

Automatic Data Processing, Inc. (NASDAQ:ADP) recently traded at $51.11 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of ADP paid a total of $8.82 in dividends. Of these dividend payments, a total of $6.03 were paid in the last five years.

ADP shareholders have enjoyed a 13.7% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 4.2, a price-to-earnings multiple of 19.9, and a price-to-sales multiple of 2.5 (trailing twelve months). Over the past decade shareholders savored a 21.8% average annual return on equity.

Greif, Inc. (NYSE:GEF) recently traded at $42.93 per share. At this price level, the stock has a 3.9% dividend yield. For 10 out of the past 10 fiscal years, a share of GEF paid a total of $7.49 in dividends. Of these dividend payments, a total of $5.96 were paid in the last five years.

GEF shareholders have suffered a -29.1% fall in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 1.5, a price-to-earnings multiple of 11.6, and a price-to-sales multiple of 0.5 (trailing twelve months). Over the past decade shareholders savored a 13.2% average annual return on equity.

Hasbro Inc. (NASDAQ:HAS) recently traded at $33.85 per share. At this price level, the stock has a 3.6% dividend yield. For 10 out of the past 10 fiscal years, a share of HAS paid a total of $4.46 in dividends. Of these dividend payments, a total of $3.56 were paid in the last five years.

HAS shareholders have suffered a -26.3% drop in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 3.2, a price-to-earnings multiple of 11.6, and a price-to-sales multiple of 1.0 (trailing twelve months). Over the past decade shareholders savored a 13.2% average annual return on equity.

Harris Corp. (NYSE:HRS) recently traded at $34.2299 per share. At this price level, the stock has a 3.3% dividend yield. For 10 out of the past 10 fiscal years, a share of HRS paid a total of $4.74 in dividends. Of these dividend payments, a total of $3.72 were paid in the last five years.

HRS shareholders have suffered a -22.5% fall in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 1.8, a price-to-earnings multiple of 7.9, and a price-to-sales multiple of 0.7 (trailing twelve months). Over the past decade shareholders savored a 15.3% average annual return on equity.

Lockheed Martin Corporation (NYSE:LMT) recently traded at $76.29 per share. At this price level, the stock has a 5.2% dividend yield. For 10 out of the past 10 fiscal years, a share of LMT paid a total of $12.95 in dividends.

LMT shareholders have enjoyed a 13.8% increase in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 8.4, a price-to-earnings multiple of 9.6, and a price-to-sales multiple of 0.5 (trailing twelve months). Over the past decade shareholders savored a 30.3% average annual return on equity.

Mattel Inc. (NASDAQ:MAT) recently traded at $27.8 per share. At this price level, the stock has a 3.3% dividend yield. For 10 out of the past 10 fiscal years, a share of MAT paid a total of $5.51 in dividends. Of these dividend payments, a total of $3.73 were paid in the last five years.

MAT shareholders have enjoyed a 13.2% change in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 3.9, a price-to-earnings multiple of 13.8, and a price-to-sales multiple of 1.5 (trailing twelve months). Over the past decade shareholders savored a 21.8% average annual return on equity.

Overseas Shipholding Group Inc. (OSG) recently traded at $9.2899 per share. At this price level, the stock has a 9.4% dividend yield. For 10 out of the past 10 fiscal years, a share of OSG paid a total of $10.31 in dividends.

OSG shareholders have suffered a -71.9% plunge in share price over the past year. At present, shares of this microcap stock trade at a price-to-book ratio of 0.2, a price-to-earnings multiple of 0.0, and a price-to-sales multiple of 0.3 (trailing twelve months). Over the past decade shareholders savored a 12.5% average annual return on equity.

Pepsico, Inc. (NYSE:PEP) recently traded at $63.98 per share. At this price level, the stock has a 3.2% dividend yield. For 10 out of the past 10 fiscal years, a share of PEP paid a total of $11.58 in dividends.

PEP shareholders have seen a 1.0% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 4.3, a price-to-earnings multiple of 16.0, and a price-to-sales multiple of 1.6 (trailing twelve months). Over the past decade shareholders savored a 34.8% average annual return on equity.

Molson Coors Brewing Company (NYSE:TAP) recently traded at $40.74 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of TAP paid a total of $6.31 in dividends. Of these dividend payments, a total of $4.04 were paid in the last five years.

TAP shareholders have suffered a -16.4% change in share price over the past year. At present, shares of this midcap stock trade at a price-to-book ratio of 0.9, a price-to-earnings multiple of 12.5, and a price-to-sales multiple of 2.2 (trailing twelve months). Over the past decade shareholders savored a 10.3% average annual return on equity.

UniSource Energy Corporation (NYSE:UNS) recently traded at $36.29 per share. At this price level, the stock has a 4.6% dividend yield. For 10 out of the past 10 fiscal years, a share of UNS paid a total of $8.32 in dividends. Of these dividend payments, a total of $5.42 were paid in the last five years.

UNS shareholders have seen a 4.8% change in share price over the past year. At present, shares of this small cap stock trade at a price-to-book ratio of 1.5, a price-to-earnings multiple of 12.9, and a price-to-sales multiple of 0.9 (trailing twelve months). Over the past decade shareholders savored a 11.1% average annual return on equity.

These dividend stocks have demonstrated a long-term commitment to providing shareholder income while protecting shareholder wealth. They are promising candidates for tomorrow’s top dividend stocks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Disclaimer: This article was written to provide investor information and education, and should not be construed as a guarantee or investment advice. I have no idea what your individual risk, time-horizon, and tax circumstances are: please seek the personal advice of a financial planner. This article uses third-party data and may contain approximations and errors. Please check estimates and data for yourself before investing. To repeat, this research does NOT constitute a guarantee.

Source: 10 Dividends Growing More Than 10% Per Year