14 Best Large Cap Dividend Growth Stocks To Buy Now

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

5-Year Average Annual Dividend Growth Rate: 22.61%

The Goldman Sachs Group, Inc. (NYSE:GS) is a multinational investment banking company that offers a wide range of financial services to its consumers. A major part of the company’s operations is its asset and wealth management division, which manages trillions of dollars in assets and plays a crucial role in generating revenue. Investors are particularly interested in expanding this segment, as it provides a stable source of income that supports higher market valuations. In addition, the company is adopting a more capital-efficient strategy by reducing its equity and debt investments. This approach is designed to boost growth potential, enhance stability, and increase the company’s reliance on fee-based income. GS has surged by over 65% in the past 12 months.

In the fourth quarter of 2024, The Goldman Sachs Group, Inc. (NYSE:GS) reported revenue of $13.87 billion, marking a 23% year-over-year growth. For the entire year, assets under supervision grew by 12%, reaching a record high of $3.14 trillion. Additionally, its book value per common share increased by 7.4%, totaling $336.77. The company also finished the year with a strong cash position, holding $182 billion in cash and cash equivalents, up from $155 billion in the previous quarter.

The Goldman Sachs Group, Inc. (NYSE:GS) currently offers a quarterly dividend of $3.00 per share and has a dividend yield of 1.85%, as of February 12. In FY24, the company returned $3.8 billion to shareholders through dividends. Moreover, it has never missed a dividend since 1999, which makes GS one of the best dividend stocks on our list.