The nearly decade-long era of ultra-low interest rates has been kind for dividend-paying stocks. Not only have they often offered payouts that are more robust than the yield on 10-Year Treasuries, but they have also racked up spectacular share price gains.
The SPDR S&P Dividend ETF for example, has rallied an impressive 215% since the market bottomed out in March, 2009.
But income-oriented investors now face a changing backdrop. Rising bond yields are now surpassing the payout levels of many dividend producers. To stay ahead of the curve, you need to focus on firms that have a long history of rising dividends in any economic climate. That means "dividend aristocrats."
Here are five that currently offer dividend yields ahead of the 10-Year Treasury rate.