In this article, we will take a look at some of the best high growth dividend stocks.
In 2024, macroeconomic uncertainty, election year volatility, and weakened consumer confidence led many corporations to adopt a more cautious approach, resulting in subdued dividend growth. Despite this challenging environment, emerging signs of recovery suggest that improved shareholder yield, through dividends, share repurchases, and debt reduction, may materialize in 2025.
The NASDAQ 100 Index, celebrating its 40th anniversary, has seen its constituents mature and generate substantial free cash flow, allowing multiple firms to initiate dividends for the first time. These new payouts accounted for over half of all US dividend declarations in early 2024.
Similarly, although S&P 500 dividend growth slowed in late 2024 due to political uncertainty, Ameriprise Financial’s projections indicate a rebound to 8% in 2025. Companies in sectors like information technology and consumer staples, known for high free cash flow and capital efficiency, are poised to increase shareholder distributions. Additionally, potential corporate tax reductions in 2025 could further enhance the outlook for shareholder returns.
In the current period of high investor enthusiasm driven by capital gains in artificial intelligence, it is essential to acknowledge the role dividends play in long-term portfolio performance. Historically, reinvested dividends have made up a substantial portion of total equity returns, accounting for approximately 55% of market gains between 1987 and the end of 2023. As markets enter a new phase, global equities seem poised for an era of robust dividend growth, supported not only by cyclical recovery but also by improved payout policies. Analysts now forecast a notable acceleration in global dividend per share growth, from a 20-year average of 5.6% annually to an anticipated 7.6% in the coming years.
With that in mind, let’s take a look at the 10 high growth dividend stocks that are also on Wall Street’s radar.
Image by Steve Buissinne from Pixabay
Our Methodology
We used the Finviz stock screener to filter out stocks that pay dividends and have an average 5-year revenue growth of over 10%. The 10 chosen stocks were some of the top high growth dividend stocks that also received coverage from Wall Street analysts and mainstream media outlets recently. These stocks were favored by top hedge funds in the first quarter of 2025, as per Insider Monkey’s Q1 2025 database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Equinor ASA (NYSE:EQNR)
Average 5-Year Revenue Growth Rate: 19.61%
Dividend Yield as of July 7: 9.71%
Number of Hedge Fund Holders: 18
Equinor ASA (NYSE:EQNR) is one of the best high growth stocks. Equinor, alongside its Fram partners, announced on June 26 plans to invest over $2 billion in a new deepwater development in the North Sea. The Fram Sør venture, backed by an investment of more than NOK 21 billion, will merge several offshore discoveries via a tieback to Troll C. Equinor filed its plan of development and operation with Minister Terje Aasland on June 26.
According to Geir Tungesvik, Equinor’s Executive VP for Projects, Drilling, and Procurement:
“Fram Sør will contribute to security of energy supply from the Norwegian continental shelf (NCS) to Europe. The development will put new oil and gas resources on stream by connecting new infrastructure to existing facilities that provide good and robust profitability…”
The development will drive engagement across Norway’s supply chain, generating around 4,500 full-time job positions during its execution. Equipped with fully electric subsea tree systems, the project aims to improve environmental performance and subsea visibility. Recoverable assets are estimated at 116 million barrels of oil equivalent, three-quarters of which is oil, and production is planned for the end of 2029.
Equinor ASA (NYSE:EQNR) is a globally integrated energy company engaged in the exploration, production, and distribution of petroleum and alternative energy sources.
9. Enterprise Products Partners L.P. (NYSE:EPD)
Average 5-Year Revenue Growth Rate: 13.34%
Dividend Yield as of July 7: 6.85%
Number of Hedge Fund Holders: 31
Enterprise Products Partners L.P. (NYSE:EPD) is one of the best high growth stocks. On June 23, UBS reiterated a Buy rating on EPD with a $40 price target. UBS has revised its Q2 2025 EBITDA forecast for Enterprise Products slightly downward from $2,516 million to $2,420 million. This adjustment reflects a combination of factors, including weaker MTBE-RBOB spreads, unplanned operational downtime at PDH1, seasonal declines in propane and natural gas demand, and a reduction in ethane exports to China.
Despite this modest downgrade, EPD continues to be viewed as a resilient income-generating asset, supported by a stable dividend yield and a consistent dividend growth for 27 consecutive years.
UBS forecasts a slight decline in the operating margin for the NGL Pipeline & Services segment in the second quarter of 2025, projecting $1,403 million compared to $1,418 million in the prior quarter. Despite this decline, the segment is expected to experience improved performance in the second half of the year, supported by the commissioning of two new gas processing plants, each potentially contributing an additional 40,000 to 50,000 barrels per day to natural gas liquids (NGL) volumes.
UBS anticipates an operating margin of $385 million for the Crude Pipeline & Services segment in the second quarter, reflecting a marginal increase from $374 million in the previous quarter. While earnings are believed to be nearing their cyclical lows, the firm expects current operational hindrances to persist through year-end, with a more pronounced earnings rebound projected in 2026.
The firm also expects a slight decline in Q2 operating margins, with Natural Gas Pipeline & Services at $354 million, down from $357 million, and Petrochemical & Refined Products at $312 million, down from $315 million, indicating stable but slightly weaker performance.
Enterprise Products Partners L.P. (NYSE:EPD) is a midstream energy company with an integrated infrastructure portfolio including pipelines, processing and fractionation facilities, storage assets, marine terminals, and marketing operations.
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