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The following 10 dividend stocks each have a 5-year average dividend growth rate above 10%, raised their dividends by 10% or more in the last year and have current yields that meet or exceed 2%.

All information was found on Dividend.com’s ticker pages. Users can conduct their own research by upgrading to premium and getting data directly from the ticker pages by scrolling to the growth history section.

The stocks are ranked in order, starting with the lowest projected dividend increases and ending with the highest.

10. Apple (AAPL )

  • 5-Year Dividend CAGR: 10%
  • Most Recent Increase: 10%
  • Current Dividend Yield: 2%
  • EPS Growth: 11%
  • Payout Ratio: 25%

Apple should continue to raise its dividend by 10% each year. CEO Tim Cook announced in 2016 that the company intends to increase the dividend at that level on an annual basis. It should be able to reach that level, thanks to new products such as the iPhone 7, as well as its high-growth services business. Apple’s quarterly dividend is typically increased in April.

9. Valero Energy (VLO )

  • 5-Year Dividend CAGR: 34%
  • Most Recent Increase: 20%
  • Current Dividend Yield: 3%
  • EPS Growth: 48%
  • Payout Ratio: 62%

Valero Energy is an oil refiner. Valero Energy pays its dividend quarterly, and typically increases its dividend in February. Find out which other stocks increased their dividends in January. The company’s earnings are growing rapidly, which is expected to continue in 2017. This is because oil refiners are arguably the only industry in the energy sector that benefits from falling oil prices. When oil prices are volatile, it widens the refining margins by reducing feedstock costs.

Earnings growth should fuel a 10% dividend increase in 2017. Dividends are paid quarterly and increases usually take place in February.

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