10 Best Dividend Growth Stocks to Buy and Hold in 2024

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6. Canadian Natural Resources Limited (NYSE:CNQ)

3-Year Average Annual Dividend Growth Rate: 28.91%

Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian independent oil and natural gas exploration, development, and production company. The company pays a quarterly dividend of C$1.00 per share for a dividend yield of 4.57%, as of January 27. With a 25-year streak of consecutive dividend growth, CNQ is one of the best dividend growth stocks on our list.

As of the end of Q3 2023, 41 hedge funds in Insider Monkey’s database owned stakes in Canadian Natural Resources Limited (NYSE:CNQ), growing from 36 in the previous quarter. These stakes are collectively worth nearly $3 billion. With over 20 million shares, GQG Partners was the company’s leading stakeholder in Q3.

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