5 Best S&P 500 Stocks For Dividend Growth

4. EOG Resources, Inc. (NYSE:EOG)

5-Year Average Dividend Growth: 35.54%
Number of Hedge Fund Holders: 43

EOG Resources, Inc. (NYSE:EOG) is a leading independent exploration and production company in the energy sector. The company was a part of 43 hedge fund portfolios at the end of Q2 2023, up from 41 in the previous quarter, as per Insider Monkey’s database. The collective value of stakes held by these hedge funds is roughly $700 million.

EOG Resources, Inc. (NYSE:EOG), one of the best dividend stocks on our list, currently pays a quarterly dividend of $0.825 per share. The company has been growing its dividends for quite some time now and also has a history of paying special dividends to shareholders. As of September 11, the stock has a dividend yield of 2.54%.

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