5 Best Dividend Growth Stocks With 10%+ Yearly Increases

4. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 109
5-Year Average Annual Dividend Growth Rate: 10.31%

An American multinational financial services company, JPMorgan Chase & Co. (NYSE:JPM) is next on our list of the best dividend stocks. The company has raised its dividends at an annual average rate of 10.31% over the past five years and it currently pays a quarterly dividend of $1.05 per share. The stock has a dividend yield of 2.64%, as recorded on December 12.

As of the close of Q3 2023, 109 hedge funds in Insider Monkey’s database owned stakes in JPMorgan Chase & Co. (NYSE:JPM), up from 106 a quarter earlier. The consolidated value of these stakes is more than $6.6 billion.

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