Dividend growth stocks can be ideal investments to hold in your portfolio for decades. As long as their fundamentals don't change, these stocks can generate an increasing amount of Dividend income for your portfolio over the years. And during that time, their valuations may also rise and boost your overall gains from holding these stocks.

Three top dividend growth stocks that recently raised their payouts are Coca-Cola (NYSE: KO), Home Depot (NYSE: HD), and Walmart (NYSE: WMT). Here's how large their recent increases were, and why they can be excellent stocks to buy right now.

On Feb. 15, soft drink company Coca-Cola announced it would be increasing its dividend by 5.4%. The new quarterly dividend of $0.485 means investors who buy the stock now can collect a yield of around 3.2% -- that's the highest on this list. At that rate, you would need to invest approximately $31,250 into the stock to earn $1,000 in annual dividends.

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Source Fool.com