10 Best Dividend Growth Stocks to Buy and Hold in 2024

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7. The Goldman Sachs Group, Inc. (NYSE:GS)

3-Year Average Annual Dividend Growth Rate: 28.06%

The Goldman Sachs Group, Inc. (NYSE:GS) is a New York-based global investment banking, securities, and investment management firm. The company also offers asset management services, managing investment portfolios for a diverse client base. In the past three years, it has raised its dividends at an annual average rate of 28.06%, which makes GS one of the best dividend growth stocks on our list. At present, the company offers a quarterly dividend of $2.75 per share and has a dividend yield of 2.91%, as of January 27.

Of the 900+ hedge funds tracked by Insider Monkey at the end of Q3 2023, 68 funds held stakes in The Goldman Sachs Group, Inc. (NYSE:GS), compared with 70 in the previous quarter. The collective value of these stakes is over $5.11 billion.

Follow Goldman Sachs Group Inc (NYSE:GS)

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