5 Fastest Growing Dividend Stocks

3. Lear Corporation (NYSE: LEA)

Lear is another American organization founded in 1917 and based in Detroit, Michigan. The company manufactures products related to the automotive industry such as car seats and electrical system. Lear is the market leader in seat manufacturing in many major countries such as India and South America. The company has climbed up to the 147th rank in the fortune 500 list and continues to grow rapidly with an annual growth in sales of about 7%. Lear’s constant geographic expansion and sales growth has ensured growth for its dividend stock. The organization has a dividend yield of 1.9% and dividend CAGR of 26.7%.