Author: Jason Fieber, Dividends and Income

This Dividend Aristocrat is a world-class enterprise that benefits from being part of a global oligopoly; and it looks 24% undervalued today.

These stocks represent equity in some of the world’s best businesses — and right now looks like a great time to buy them.

With a market-beating yield, double-digit dividend growth, and the potential that shares are 11% undervalued, long-term dividend growth investors must have this name on their radar.

This is one of the best high-yield dividend growth stocks on the market for those who desire a large, reliable dividend to help pay the bills. Investors get a well-covered 7.5% yield, and this payout is actually growing every year. In addition, the stock currently looks fairly priced, which means prospective investors could have a great opportunity on their hands to buy shares without overpaying.

With a market-smashing yield, more than 15 consecutive years of dividend raises, and the potential that shares are 10% undervalued, this cash cow with a unique growth catalyst could be perfect for income-oriented dividend growth investors.