10 Best Dividend Growth Stocks to Buy and Hold in 2024

1. DICK’S Sporting Goods, Inc. (NYSE:DKS)

3-Year Average Annual Dividend Growth Rate: 47.3%

DICK’S Sporting Goods, Inc. (NYSE:DKS) tops our list of the best dividend growth stocks with a 3-year annual average dividend growth rate of 47.3%. The American sporting goods retailer currently pays a per-share dividend of $1.00 every quarter for a dividend yield of 2.61%, as of January 27. In addition to its strong annual average dividend growth rate, the company also maintains a 14-year streak of consistent dividend growth.

As of the close of Q3 2023, 25 hedge funds in Insider Monkey’s database owned stakes in DICK’S Sporting Goods, Inc. (NYSE:DKS), valued collectively at $743.7 million.

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