Dividend yield and growth are characteristics that typically do not co-exist in many stocks. However, there are characteristics of stocks that are considered unusual in historical terms but persist today. With one-year treasury yields slightly over 0.25% and five-year yields at about 2%, stocks yielding above these rates provide a higher expected return, and any stock that has expected growth prospects on top of that yield should be an investor's dream. As with all investments though, the risk involved with the business and industry needs to be considered along with the potential returns.

These four stocks go against the grain when it comes to high dividend yield and strong growth. They demonstrate that high yield is not limited to the traditional utility and, unlike the utility, can be accompanied by strong growth - a winning combination.

Source: Investopedia

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