10 Best Dividend Growth Stocks to Buy and Hold in 2024

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2. Tractor Supply Company (NASDAQ:TSCO)

3-Year Average Annual Dividend Growth Rate: 40.5%

Tractor Supply Company (NASDAQ:TSCO) is a retail chain that focuses on providing a wide range of products for rural lifestyle needs. The company has been rewarding shareholders with growing dividends for the past 14 consecutive years and currently offers a quarterly dividend of $1.03 per share. The stock has a dividend yield of 1.81%, as recorded on January 27.

At the end of September 2023, 28 hedge funds tracked by Insider Monkey reported having stakes in Tractor Supply Company (NASDAQ:TSCO), worth over $415.4 million in total. With nearly 1.5 million shares, Select Equity Group was the company’s leading stakeholder in Q3.

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