Identifying dividend growth stocks with high returns on invested capital (ROICs) can be a great way to look for investments as both criteria have proven to be market-beating propositions over time. Today, however, we will take this one step further, looking at four businesses with dividend yields above their five-year averages.

This extra step offers higher passive income prospects while potentially uncovering stocks trading at a discount. Fitting this screener nicely are Visa (NYSE: V), Toro (NYSE: TTC), MarketAxess (NASDAQ: MKTX), and Tractor Supply (NASDAQ: TSCO). Let's explore why all four are great candidates to double up on today.

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Source Fool.com