10 Best Dividend Growth Stocks to Buy and Hold in 2024

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3. Morgan Stanley (NYSE:MS)

3-Year Average Annual Dividend Growth Rate: 32.4%

Morgan Stanley (NYSE:MS) is an American financial services firm that provides a wide range of services to a diverse set of clients, including individuals, institutions, corporations, and governments. The company declared a quarterly dividend of $0.85 per share on January 16, which was consistent with its previous dividend. The stock offers a dividend yield of 3.88%, as of January 27. The company’s 3-year average annual dividend growth comes in at 32.4%, which makes MS one of the best dividend growth stocks on our list.

The number of hedge funds owning stakes in Morgan Stanley (NYSE:MS) grew to 59 in Q3 2023, from 54 in the previous quarter, according to Insider Monkey’s database. The consolidated value of these stakes is over $2.5 billion.

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