5 Top-Ranked Dividend Stocks for Growth

Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts. Furthermore, these have a long history of outperformance over the long term. However, it does not necessarily mean that they have the highest yields. Here are five of the 22 stocks that fit the bill:

Las Vegas-based Boyd Gaming Corporation BYD is a multi-jurisdictional gaming company. California-based Intuit Inc. INTU is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, consumers and accounting professionals globally. Indiana-based Cummins Inc. CMI is a leading global designer, manufacturer and distributor of diesel and natural gas engines, and powertrain-related component products. Illinois-based Caterpillar Inc. CAT is the largest global manufacturer of construction and mining equipment. Tennessee-based FedEx Corporation FDX is a leader in global express delivery services.

Source: Yahoo Finance

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