14 Best Large Cap Dividend Growth Stocks To Buy Now

5. Eli Lilly and Company (NYSE:LLY)

5-Year Average Annual Dividend Growth Rate: 15.05%

Eli Lilly and Company (NYSE:LLY) is a pharmaceutical company that manufactures and develops a wide range of medicines for serious ailments. The company has experienced significant growth in recent years, driven primarily by the success of its glucagon-like peptide-1 (GLP-1) receptor agonist drug portfolio. In the past 12 months, the stock has surged by over 18%.

In the fourth quarter of 2024, Eli Lilly and Company (NYSE:LLY) experienced a 45% surge in revenue, reaching $13.53 billion, fueled by strong sales from Mounjaro and Zepbound. Earnings per share (EPS) for the quarter more than doubled, rising by 102% to $4.88. The company also made significant advancements in its pipeline, including the US approval of Zepbound for moderate-to-severe obstructive sleep apnea in adults with obesity, and the approval of Omvoh for treating moderately to severely active Crohn’s disease.

Eli Lilly and Company (NYSE:LLY) declared a 15.4% hike in its quarterly dividend in December 2024 to $1.50 per share. This marked the company’s 11th consecutive year of dividend growth, which makes LLY one of the best dividend stocks on our list. As of February 12, the stock has a dividend yield of 0.69%.