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These dependable dividend increasers are beating the market

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CNBC Pro screened for names that have a track record of dividend increases, have a dividend yield of 2% or more and are outperforming the S&P 500.

While recent dividend cuts may make investors concerned about what's to come next, there are still many stocks that have dependable dividend increases. Some of those names are even beating the market. Last week, Intel slashed its dividend by more than 65% , following VF Corp's dividend cut and Hanesbrands elimination of its dividend last month.

CME Group posted fourth-quarter earnings in February that surpassed expectations and reported a 6% year-over-year increase in its average daily volume. HP, which currently yields 3.7%, has raised its dividend every year the last five years. Its one-year dividend-per-share growth is 29%. The technology company posted mixed first-quarter results earlier this week , with adjusted earnings per share coming in at 75 cents compared to the 74 cents analysts expected, according to FactSet.

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