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Tickers in this Article: UVV, IEF, KMB, XLP, CVX
While the bond market remains in the grip of a furious bull - yields, of course, are dropping precipitously. So for those folks who are looking for an established return on their investments, fixed income assets are no longer the place to be.

IN PICTURES: Top 6 Uses For Bonds

Thankfully, though, there are still a number of blue chip companies that pay dividends equal to or better than the ten year Treasury note. Below we list of these blue chips - companies with solid earnings histories and a long record of robust dividend payouts.

Nearly Four Decades of Increased Dividends
Universal Corporation (NYSE:UVV) is in the business of selling cigarette and tobacco-related products. The company pays a dividend of 4.4% annually and trades with a very competitive P/E of just 8.3. That compares favorably against the iShares Lehman 7-10 Year Treasury Bond (NYSE:IEF), which yields only 2.85%. In the capital gains category, however, Universal lags the ETF. Universal stock is down year-to-date by 8%, while, over the same period, treasuries ETF has gained 11%.

Universal Corporation has raised its dividend every year for the last 39 years. That, of course, has been predicated on the company's management delivering increased earnings and revenues on an annual basis. For example, for just the last five years, sales and profits have increased at an annual rate of 8.37% and 16.32%, respectively. Moreover, the stock trades with a very low price-to-book multiple of just 1.13, and an even more competitive price-to-sales ratio of 0.42.

Paper Profits
Kimberly Clark Corporation (NYSE:KMB) stock is up 1.5% for the year, a poorer showing than the broad consumer staple sector that it is part of. The sector proxy, the Consumer Staples Select Sector SPDR ETF (NYSE:XLP), grew over 11% over the last twelve months.

Kimberly Clark manufactures a wide range of disposable health and hygiene products, including popular brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend. The company's shares trade with a P/E of 14.2 and offer investors an annual 4.2% dividend. Management has successfully raised the dividend every year for 38 years running.

Oil & Gas Dividend Leader
Chevron Corporation (NYSE:CVX) has been upping their dividend for 23 straight years. Currently, the yield is 3.5%. The shares trade with a multiple of just 9.9 times last year's earnings, and for the year, the stock is up 7.5%.

Chevron management brightened shareholders' mood by announcing recently that it would buy back company stock at a rate of $500 million to $1 billion per quarter.

The Wrap:
Established companies with solid fundamentals and a long history of annual dividend hikes are a great alternative to low-yielding treasuries. Who needs bonds when you have dividend darlings like these? (Find out what these company programs achieve and what it means for stockholders. See A Breakdown Of Stock Buybacks.)

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