5 Best Dividend Growth Stocks With 10%+ Yearly Increases

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167
5-Year Average Annual Dividend Growth Rate: 16.27%

Visa Inc. (NYSE:V) is an American financial services company that operates one of the world’s largest electronic payment networks. In the past five years, the company has grown its dividends at an annual average rate of 16.27% and overall holds a 15-year track record of consistent dividend growth. It currently pays a quarterly dividend of $0.52 per share and has a dividend yield of 0.81%, as of December 12.

As per Insider Monkey’s database of Q3 2023, 167 hedge funds reported having stakes in Visa Inc. (NYSE:V), down from 171 a quarter earlier. The consolidated value of these stakes is more than $24.4 billion. With roughly 17 million shares, TCI Fund Management was the company’s leading stakeholder in Q3.

Follow Visa Inc. (NYSE:V)