10 Best Dividend Stocks for Long Term Growth

7. The Kroger Co. (NYSE:KR)

Projected 10-Year Yield: 8.48%

Dividend Yield as of October 30: 2.30%

5-Year Average Dividend Growth Rate: 13.94%

Grocery shopping is a recurring expense for consumers, and that gives The Kroger Co. (NYSE:KR) a relatively dependable source of demand across economic cycles. The retailer is also putting that business strength to work for dividend investors. Its shares offered a 2.30% dividend yield as of October 30, while its five-year average dividend growth rate stands at 13.94%. If the company maintains a similar growth trajectory, its projected 10-year yield could reach 8.48%.

Kroger recently raised its quarterly dividend by 11%, from $0.35 to $0.39 per share, marking its 20th consecutive year of dividend increases. The company has grown its quarterly payout at a compounded annual rate of 13% since reinstating dividends in 2006.

Cash generation remains important to sustaining that growth. During the first half of fiscal 2026, Kroger generated $3.085 billion in operating cash flow, down from $3.688 billion in the same period last year. Capital investments reached $2.651 billion, leaving approximately $434 million after these investments. The company also paid $431 million in dividends during the period.

Kroger expects to generate $2.7 billion-$2.9 billion in free cash flow in FY26, which will be sufficient to fund the business and allow for further capital return to shareholders.

Read more about KR: Kroger (KR) Combines a Low Valuation with a Growing Dividend

6. Prologis, Inc. (NYSE:PLD)

Projected 10-Year Yield: 9.48%

Dividend Yield as of October 30: 3.25%

5-Year Average Dividend Growth Rate: 11.31%

Prologis, Inc. (NYSE:PLD) is demonstrating that industrial real estate can be more than just a source of rental income. The REIT generated $1.21 billion of core adjusted funds from operations (AFFO) in Q3 2026, up from $1.06 billion in the prior year. That AFFO was sufficient to cover the $1.045 billion paid out to common shareholders and unitholders.

That cash flow growth is absolutely key if you’re a company looking to grow its dividend over the long term. Prologis delivered 5.9% cash same-store net operating income growth in the quarter, occupancy was 95.6%, and core FFO came in at $1.60 per share, up from $1.49 per share in the prior-year period.

Investors are currently getting a 3.25% dividend yield on the October 30 share price. The dividend has grown at an average of 11.31% per year over the last 5 years. If Prologis can maintain that growth rate, then the 10-year yield on the original investment could be as high as 9.48%. For the income investors, the mix of growing property-level cash flow and a track record of very significant dividend increases makes PLD well worth watching.

Guinness Global Investors highlighted PLD in its Q3 2026 investor letter. Read here.

5. Morgan Stanley (NYSE:MS)

Projected 10-Year Yield: 10.47%

Dividend Yield as of October 30: 2.5%

5-Year Average Dividend Growth Rate: 15.4%

Morgan Stanley (NYSE:MS) has an edge that is not just down to its investment banking business. It has the ability to provide a full range of services to its clients across their entire financial lifecycle. It has institutional securities, wealth management, and investment management all in one. It can build relationships with corporates and executives and then naturally extend those relationships into personal wealth management, lending, and investment. Its global footprint and its advisory network are also a significant competitive advantage which is difficult for a smaller firm to match. Read more about the company’s moat here. 

This is a very diversified business model too, which is why its dividend is certainly worth keeping an eye on. It was paying a 2.5% dividend yield as of October 30, and its 5-year average dividend growth rate was 15.4%. On that basis, its projected 10-year yield is 10.47%, which is a very attractive yield for a dividend investor over the long term.

Morgan Stanley increased its quarterly dividend by 15% in 2026, from $1 to $1.15 per share, which equates to an annual dividend of $4.60 per share. The most recent results provide further support for its shareholder returns. Q3 2026 net revenues were $20.34 billion, up from $18.22 billion in Q3 2025. Net income was $4.91 billion, up from $4.61 billion, and EPS was $3.03. Wealth Management attracted $232.4 billion in net new assets.

4. United Parcel Service, Inc. (NYSE:UPS)

Projected 10-Year Yield: 15.54%

Dividend Yield as of October 30: 5.98%

5-Year Average Dividend Growth Rate: 10.02%

United Parcel Service, Inc. (NYSE:UPS) is a standout in the income stock space with a dividend yield of 5.98% as of October 30. It’s been increasing its dividend at a 5-year average annual rate of 10.02%. If that rate of growth is maintained, investors could end up with an estimated 15.54% yield on cost over the next 10 years, assuming they buy at the current price and no reinvestment.

UPS’s latest results are a bright spot for dividend investors. Q3 2026 revenue was $22.9 billion, up 6.7% on the prior-year period; adjusted operating profit was $2.1 billion, and adjusted diluted EPS was $1.69. The company has also raised its full-year adjusted free cash flow guidance to around $6.1 billion.

Cash generation remains of the utmost importance given the scale of the dividend commitment. UPS expects to pay out around $5.4 billion in dividends in 2026, subject to board approval. In the first nine months of the year, it generated $5.99 billion in operating cash flow and $4.22 billion in free cash flow versus $2.74 billion in the corresponding period of last year. That’s a significant improvement and provides a much stronger cash flow base on which to base shareholder distributions. The issue remains whether UPS can continue to grow its dividend as it does whilst at the same time managing its operating costs and its investment in the delivery network.

Also read: United Parcel Service (UPS) Charges More Per Package, but Is the Dividend Safe?