9 UK Dividend Growth Stocks to Consider

6. Shell Plc (NYSE:SHEL)

5-Year Dividend Growth Rate: 17.28%

Number of Hedge Fund Holders: 45

Shell Plc (NYSE:SHEL) is a top UK dividend growth stock to consider, having grown its dividend at a compound annual growth rate of 17.28% over the past five years. On July 08, Citi lowered its price target of the stock to 3,200 GBp from 3,550 GBp while reiterating a Neutral rating on the shares.

Meanwhile, on July 1, Shell completed the sale of Jiffy Lube International and its subsidiary, Premium Velocity Auto (PVA) LLC, to an affiliate of Monomoy Capital Partners (Monomoy) for $1.3 billion. The sale includes franchise stores owned and operated by PVA. On the other hand, Shell has retained its Pennzoil Quaker State, Rotella, and other Shell Lubricants brands.

Similarly, Shell subsidiary, Shell Offshore, agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America. Talos Energy and Ridgewood Energy subsidiaries are to acquire the assets for a total consideration of $1.7 billion.

Shell Plc (NYSE:SHEL) is a massive global energy company that explores for, extracts, refines, and markets oil and gas. It also trades in liquefied natural gas (LNG) and is heavily involved in the broader energy transition, including lower-carbon solutions and renewables.

Click to continue reading and see the 5 UK Dividend Growth Stocks to Consider.

Disclosure: None. Follow Insider Monkey on Google News.