5 UK Dividend Growth Stocks to Consider

2. Barclays PLC (NYSE:BCS)

5-Year Dividend Growth Rate: 52.46%

Number of Hedge Fund Holders: 36

Barclays PLC (NYSE:BCS) is a top UK dividend growth stock to consider, boasting a five-year dividend growth rate of 52.46%. On July 2, Morgan Stanley reiterated an Overweight rating on the stock and raised the price target to 610 GBp from 540 GBp.

Earlier, on June 24, Berenberg reiterated its Buy rating on Barclays, noting there is still room for continued outperformance versus the sector. According to the research firm, the company’s near-term profitability is supported by structural hedges, rising volumes, and margins. It also echoed the investment bank’s establishment of a floor for returns as it continues to grow through platform monetization.

Meanwhile, on July 8, Barclays PLC declared a 5.06% stake in Central Asia Metals Plc. The increased stake underscores the investment bank’s confidence in the mining company’s long-term prospects, given its exposure to base metals including copper and zinc.

Barclays PLC (NYSE:BCS) is a major British multinational universal bank headquartered in London. It operates through five core divisions: personal and business banking (Barclays UK), global investment banking, wealth and private banking, corporate lending, and US consumer credit cards.