5 Best Dividend Stocks For Steady Growth

In this article, we discuss 5 best dividend stocks for steady growth. If you want to read our detailed analysis of dividend growth stocks and their performance over the years, go directly to read 12 Best Dividend Stocks For Steady Growth. 

5. Pool Corporation (NASDAQ:POOL)

3-Year Average Dividend Growth: 21.86%
Consecutive Years of Dividend Growth: 12

Pool Corporation (NASDAQ:POOL)is a leading distributor of swimming pool supplies, equipment, and related products. The company primarily serves the residential and commercial pool and spa industry. POOL is one of the best dividend stocks on our list as the company has been raising its dividends for 12 years straight. Moreover, its 3-year average dividend growth stands at 21.86%.

Pool Corporation (NASDAQ:POOL) currently pays a quarterly dividend of $1.10 per share and has a dividend yield of 1.24%, as of August 29.

At the end of Q2 2023, 42 hedge funds in Insider Monkey’s database reported having stakes in Pool Corporation (NASDAQ:POOL), up from 41 in the previous quarter. The total value of these stakes is over $1.06 billion.

Aristotle Capital Boston, LLC mentioned Pool Corporation (NASDAQ:POOL) in its Q2 2023 investor letter. Here is what the firm has to say:

“Pool Corporation (NASDAQ:POOL), the world’s largest wholesale distributor of swimming pool supplies and equipment offering pool maintenance, construction, renovation, irrigation, landscape and outdoor living products, was added to the portfolio. We believe the company’s overwhelming leadership position in wholesale distribution, coupled with its high level of recurring, non-discretionary sales should enable the business to continue to deliver strong operating performance in periods to come. New products, investments in technology, and penetration outside of the U.S. also serve as catalysts for future shareholder value creation, in our opinion.”