5 UK Dividend Growth Stocks to Consider

In this article, we will take a look at the 5 UK dividend growth stocks to consider. To see more such companies, go directly to 10 UK Dividend Growth Stocks to Consider.

5. The Unilever Group (NYSE:UL)

Consumer products giant The Unilever Group (NYSE:UL) is one of the top dividend growth stocks in the UK. Earlier this year The Unilever Group (NYSE:UL) upped its quarterly dividend by 8.6%.  The Unilever Group (NYSE:UL)’s dividend yield as of June 10 stands at about 4%.

As of the end of the first quarter of 2023, 18 hedge funds in Insider Monkey’s database had stakes in The Unilever Group (NYSE:UL). The biggest hedge fund stakeholder of The Unilever Group (NYSE:UL) during this period was Tom Russo’s Gardner Russo & Gardner which owns a $221 million stake in the company.

Here is what Tweedy, Browne has to say about Unilever N.V. (NYSE:UL) in its Q1 2023 investor letter:

“Portfolio activity slowed somewhat during the quarter as equity prices advanced. While there were a few new positions established, and a few sales, portfolio activity overall was quite modest compared to the rather brisk pace of the last two years. On the sell side, a number of holdings were sold or pared back, including Unilever (NYSE:UN), among others. The stock prices of these businesses had either reached our estimates of their underlying intrinsic values or had been compromised in some way by virtue of declines in our estimates of their underlying intrinsic values and future growth prospects. Or, they may have been sold or trimmed to make room for new additions, or to generate losses, which could be used to offset realized gains.”