5 Dividend Growth Stocks Popular on Robinhood

In this article, we discuss 5 dividend growth stocks popular on Robinhood. If you want to see more stocks from this list, click 10 Dividend Growth Stocks Popular on Robinhood.

5. The Kroger Co. (NYSE:KR)

Dividend Yield as of April 4: 1.46%

Number of Years of Consecutive Dividend Increases: 16

Number of Hedge Fund Holders: 41

The Kroger Co. (NYSE:KR) was founded in 1883 and is based in Cincinnati, Ohio. The company operates as a network of multi-department stores in the United States. The Kroger Co. (NYSE:KR) has a rich dividend history, with 16 years of consistent dividend growth. 

On March 10, The Kroger Co. (NYSE:KR) declared a $0.21 per share quarterly dividend, in line with previous. The dividend is payable on June 1, for shareholders of record on May 13. The Kroger Co. (NYSE:KR)’s dividend yield on April 4 came in at 1.46% and its dividend payout ratio is 21.31%. 

Scotiabank analyst Patricia Baker raised the price target on The Kroger Co. (NYSE:KR) to $64 from $60 and maintained an Outperform rating on the shares on March 10. According to the analyst, The Kroger Co. (NYSE:KR) reinforced its commitment to deliver 8%-11% total shareholder returns annually and its successful execution of the “Restock Kroger” initiative has increased investor confidence in the company’s strategic agenda.

According to the fourth quarter database of Insider Monkey, 41 hedge funds were bullish on The Kroger Co. (NYSE:KR), up from 39 funds in the earlier quarter. The total stakes held in Q4 amounted to $4.15 billion. Warren Buffett’s Berkshire Hathaway is the leading shareholder of The Kroger Co. (NYSE:KR), with 61.4 million shares worth $2.7 billion.