5 High Growth Dividend Paying Stocks To Buy

In this article, we discuss 5 high growth dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 High Growth Dividend Paying Stocks To Buy.

5. Barings BDC, Inc. (NYSE:BBDC)

Quarterly Revenue Growth (yoy): 25.80%

Barings BDC, Inc. (NYSE:BBDC) is an American business development company that specializes in providing customized financing solutions and capital to middle-market companies. The company offers a quarterly dividend of $0.26 per share, having raised it by 4% in August this year. It maintains a 5-year streak of consistent dividend growth. The stock has a dividend yield of 11.82%, as of December 15. With a 25.8% year-over-year revenue growth, BBDC is one of the best high growth stocks on our list.

At the end of September 2023, 13 hedge funds tracked by Insider Monkey owned stakes in Barings BDC, Inc. (NYSE:BBDC), up from 12 in the previous quarter. The overall value of these stakes is over $46.6 million. Among these hedge funds, Callodine Capital Management was the company’s leading stakeholder in Q3.

4. Cincinnati Financial Corporation (NASDAQ:CINF)

Quarterly Revenue Growth (yoy): 28.40%

Cincinnati Financial Corporation (NASDAQ:CINF) is a property casualty insurance company that provides a range of insurance products primarily in the US. On November 17, the company announced a quarterly dividend of $0.75 per share, which was in line with its previous dividend. The company has been rewarding shareholders with growing dividends for the past 62 years. The stock has a dividend yield of 2.86%, as recorded on December 15.

The number of hedge funds tracked by Insider Monkey having stakes in Cincinnati Financial Corporation (NASDAQ:CINF) grew to 31 in Q3 2023, from 26 in the previous quarter. The consolidated value of these stakes is nearly $420 million.

3. Peoples Bancorp Inc. (NASDAQ:PEBO)

Quarterly Revenue Growth (yoy): 33.2%

Peoples Bancorp Inc. (NASDAQ:PEBO) is an American financial holding company. In the third quarter of 2023, the company reported revenue of $116.4 million, up 33.2% from the same period last year. It has also been raising its dividends for the past nine years and offers a quarterly dividend of $0.39 per share. As of December 15, the stock has a dividend yield of 4.69%.

Insider Monkey’s database of Q3 2023 showed that 11 hedge funds owned stakes in Peoples Bancorp Inc. (NASDAQ:PEBO), up from 10 in the preceding quarter. The total value of these stakes is over $10 million.

2. Hercules Capital, Inc. (NYSE:HTGC)

Quarterly Revenue Growth (yoy): 38.5%

California-based specialty finance company, Hercules Capital, Inc. (NYSE:HTGC) is next on our list of the best high growth stocks that pay dividends. In the most recent quarter, the company posted revenue of $116.7 million, which showed a 38.5% growth from the same period last year. In addition to this, the company has raised its payouts for five years in a row. It currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 10.04%, as of December 15.

According to Insider Monkey’s database of Q3 2023, 15 hedge funds owned stakes in Hercules Capital, Inc. (NYSE:HTGC), up from 12 in the previous quarter. These stakes are collectively valued at over $47 million. With over 1.2 million shares, Marshall Wace LLP was the company’s leading stakeholder in Q3.

1. Extra Space Storage Inc. (NYSE:EXR)

Quarterly Revenue Growth (yoy): 49.9%

Extra Space Storage Inc. (NYSE:EXR) tops our list of the best high growth stocks to buy now. The American real estate investment trust company currently pays a quarterly dividend of $1.62 a share and has a dividend yield of 4.19%, as of December 15. It holds an impressive 13-year streak of consistent dividend growth. In the third quarter of 2023, the company generated $748 million in revenues, which saw a 49.9% growth from the same period last year.

At the end of Q3 2023, 21 hedge funds tracked by Insider Monkey held stakes in Extra Space Storage Inc. (NYSE:EXR), down from 27 in the previous quarter. The total value of these stakes is roughly $460 million.

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