5 Best Dividend Growth Stocks With 10%+ Yearly Increases

In this article, we will 5 best discuss dividend growth stocks with 10% yearly increases. If you want to read our detailed analysis of dividend companies and their returns over the years, go directly to read 12 Best Dividend Growth Stocks With 10%+ Yearly Increases. 

5. The Allstate Corporation (NYSE:ALL)

5-Year Average Annual Dividend Growth Rate: 18%
Years of Consistent Dividend Growth: 14

The Allstate Corporation (NYSE:ALL) is an American insurance company that provides a wide range of related services to different industries. In January, BMO Capital initiated its coverage on the stock with a Market Perform rating and a $130 price target. The firm mentioned that the company is well-positioned to rebuild capital with lower buybacks.

The Allstate Corporation (NYSE:ALL) has raised its dividend at an annual average rate of 18% in the past five years, which makes it one of the best dividend growth stocks on our list. The company also holds a 14-year track record of dividend growth. It currently offers a per-share dividend of $0.85 every quarter and has a dividend yield of 2.65%, as of February 1.

At the end of September 2022, 38 hedge funds tracked by Insider Monkey owned stakes in The Allstate Corporation (NYSE:ALL), up from 37 a quarter earlier. These stakes have a total value of over $564.3 million. Cliff Asness and Israel Englander were some of the company’s leading stakeholders in Q3.