Dividend growth stocks are arguably the best type of stocks to own because they continuously reward shareholders with dividends and share buybacks. The goal when investing in dividend growth stocks is to find stocks that will continue to raise their dividends for many years to come. Procter & Gamble (NYSE: PG), McDonald's (NYSE: MCD), and PepsiCo (NYSE: PEP) are three industry-leading companies with sustainable dividend payouts. Not only are they dividend aristocrats (more on that in a minute), but they are also top dividend growth stocks to buy today. Here's why.

Procter & Gamble has had its fair share of up and downs in recent years. However, one thing that has remained consistent is management's commitment to creating shareholder value in the form of dividends and share buybacks. The fast-food giant's stock may be down nearly 6% this month, but its dividend has never looked so good. Last month, McDonald's beefed up its quarterly cash dividend by as much as 5% to $0.85 per share. Not only is the king of pop a household name, but it has also been rewarding income investors every year since 1952. Better still, Pepsi has increased its payout for the past 42 straight years.

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