5 Best Dividend Growth Stocks With 10%+ Yearly Increases

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 140
5-Year Average Annual Dividend Growth Rate: 17.92%

Mastercard Incorporated (NYSE:MA) is a New York-based credit card company that facilitates electronic funds transfers, enabling financial transactions between merchants, banks, governments, and consumers worldwide. The company offers a quarterly dividend of $0.66 a share, having raised it by 15.8% in December this year. Through this increase, the company stretched its dividend growth streak to 11 years and has raised its payouts at an annual average rate of 17.92% over the past five years. The stock has a dividend yield of 0.64%, as of December 12.

At the end of the third quarter of 2023, 140 hedge funds owned stakes in Mastercard Incorporated (NYSE:MA), up from 139 in the previous quarter, as per our database. These stakes are collectively valued at over $15.2 billion.