5 Best S&P 500 Stocks For Dividend Growth

In this article, we discuss 5 best S&P 500 dividend stocks for dividend growth. If you want to read our detailed analysis of dividend growth stocks and their performance over the years, go directly to read 15 Best S&P 500 Stocks For Dividend Growth. 

5. Tractor Supply Company (NASDAQ:TSCO)

5-Year Average Dividend Growth: 28.16%
Number of Hedge Fund Holders: 37

Tractor Supply Company (NASDAQ:TSCO) is an American retail company that specializes in catering to the needs of rural and suburban customers. In the past five years, the company grew its dividends by 28.16% on average. It currently pays a quarterly dividend of $1.03 per share for a dividend yield of 1.89%, as recorded on September 11. It is one of the best dividend stocks on our list with 14 years of consistent dividend growth.

At the end of June 2023, 37 hedge funds tracked by Insider Monkey held stakes in Tractor Supply Company (NASDAQ:TSCO), compared with 39 in the previous quarter. The collective value of these stakes is over $560.7 million.