5 Best Dividend Growth Stocks With 10%+ Yearly Increases

4. Texas Instruments Incorporated (NASDAQ:TXN)

5-Year Average Annual Dividend Growth Rate: 18.1%
Years of Consistent Dividend Growth: 19

Texas Instruments Incorporated (NASDAQ:TXN) is a Texas-based semiconductor manufacturing company that also specializes in various integrated circuits. In FY22, the company reported an operating cash flow of $8.7 billion and its free cash flow amounted to $5.9 billion, which represented 30% of its revenue. During Q4 2022, the company returned nearly $2 billion to shareholders in dividends and share repurchases.

In 2022, Texas Instruments Incorporated (NASDAQ:TXN), one of the best dividend growth stocks, extended its dividend growth streak to 19 years. Moreover, the company’s 5-year annual average dividend growth stands at 18.1%. It currently pays a quarterly dividend of $1.24 per share and has a dividend yield of 2.80%, as of February 1.

Following the company’s Q4 earnings beat, Street analysts presented a positive stance on Texas Instruments Incorporated (NASDAQ:TXN). In January, both BMO Capital and UBS raised their price targets on the stock to $215 and $190, respectively.

At the end of Q3 2022, 59 hedge funds in Insider Monkey’s database owned stakes in Texas Instruments Incorporated (NASDAQ:TXN), growing from 55 a quarter earlier. The collective value of these stakes is over $1.78 billion.