5 Best S&P 500 Stocks For Dividend Growth

2. NRG Energy, Inc. (NYSE:NRG)

5-Year Average Dividend Growth: 65.3%
Number of Hedge Fund Holders: 39

NRG Energy, Inc. (NYSE:NRG) is an American energy company that is primarily involved in the generation and distribution of electricity. The company’s 5-year annual average dividend growth rate stands at 65.3% and it currently pays a quarterly dividend of $0.3775 per share. The stock has a dividend yield of 3.89%, as of September 11.

The number of hedge funds tracked by Insider Monkey owning stakes in NRG Energy, Inc. (NYSE:NRG) grew to 39 in Q2 2023, from 29 in the previous quarter. The collective value of these stakes is over $1.07 billion.

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