5 Dividend Growth Stocks with Over 3% Yield

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In this article, we will discuss 5 dividend growth stocks with over 3% yield. If you want to read our detailed analysis of dividend growth stocks and their performance over the years, go directly to read 10 Dividend Growth Stocks with over 3% Yield

5. Philip Morris International Inc. (NYSE:PM)

Dividend Yield as of May 11: 5.22%

Philip Morris International Inc. (NYSE:PM) is a Connecticut-based tobacco company that also specializes in other nicotine products. The company offers a quarterly dividend of $1.30 per share and has a dividend yield of 5.22%, as of May 11. It is one of the best dividend growth stocks as the company has raised its dividends for the past 14 years in a row.

At the end of Q4 2023, 68 hedge funds tracked by Insider Monkey held stakes in Philip Morris International Inc. (NYSE:PM), growing from 62 in the previous quarter. The consolidated value of these stakes is over $5.5 billion. With over 15 million shares, Fundsmith LLP was the company’s leading stakeholder in Q4.

Follow Philip Morris International Inc. (NYSE:PM)

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