When picking dividend stocks, in addition to an attractive dividend yield it is important to select stocks that have high annual dividend growth rate.These two factors will give a better picture about the stocks than going with just the yield alone.

The following foreign stocks satisfy the two conditions:

Dividend Yield = > 2%
Average Annual Dividend Growth Rate in the past 5 years = > 10%

1.Endesa-Empresa Nacional de Electricidad (EOC)
Chile
Current dividend yield: 2.23%
Average Annual Dividend Growth Rate: 36%

2.Enersis (ENI)
Chile
Current dividend yield: 2.24%
Average Annual Dividend Growth Rate: 14%

3.National Grid (NGG)
UK
Current dividend yield: 4.56%
Average Annual Dividend Growth Rate: 13%

4.Veolia Environnement (VE)
France
Current dividend yield: 5.15%
Average Annual Dividend Growth Rate: 17%

5.Bancolombia (CIB)
Colombia
Current dividend yield: 2.76%
Average Annual Dividend Growth Rate: 34%

6.Corpbanca (BCA)
Chile
Current dividend yield: 4.84%
Average Annual Dividend Growth Rate: 26%

7.Bank of Novo Scotia (BNS)
Canada
Current dividend yield: 4.16%
Average Annual Dividend Growth Rate: 12%

8.Bank of Montreal (BMO)
Canada
Current dividend yield: 5.13%
Average Annual Dividend Growth Rate: 12%

9.Royal Bank of Canada (RY)
Canada
Current dividend yield: 5.33%
Average Annual Dividend Growth Rate: 15%

10.City Telecom (CTEL)
Hong Kong
Current dividend yield: 7.56%
Average Annual Dividend Growth Rate: 16.12%

11.Portugal Telecom (PT)
Portugal
Current dividend yield: 7.34%
Average Annual Dividend Growth Rate: 27.60%

Note: Data noted above is believed to be accurate. Please do your own research before making any investment decisions.