5 Best Large-Cap Dividend Growth Stocks To Buy Now

2. S&P Global Inc. (NYSE:SPGI)

Number of Hedge Fund Holders: 97
5-Year Average Dividend Growth Rate: 16.04%

S&P Global Inc. (NYSE:SPGI) is an American private banking company that specializes in financial information and analytics. Argus highlighted the company’s outperformance in the last quarter and raised its price target on the stock to $400 with a Buy rating on the shares.

S&P Global Inc. (NYSE:SPGI), one of the best dividend stocks, is a Dividend King as it has raised its dividends for 50 years straight. It currently pays a quarterly dividend of $0.90 per share and has a dividend yield of 1.03%, as of April 25. In the past five years, the company has raised its dividends at an annual average rate of 16.04%.

S&P Global Inc. (NYSE:SPGI) was a part of 97 hedge fund portfolios in Q4 2022, up from 90 in the previous quarter, as tracked by Insider Monkey. The stakes owned by these hedge funds have a total value of over $7.8 billion.

Wedgewood Partners mentioned S&P Global Inc. (NYSE:SPGI) in its Q1 2023 investor letter. Here is what the firm has to say:

“S&P Global Inc. (NYSE:SPGI) was a bottom contributor to portfolio performance during the quarter. Adjusted revenue declined -5%, mostly driven by the decline in ratings revenues which is lapping strong one-year and two-year comparisons. During 2022, the Company closed on its acquisition of IHS Markit which has diversified its revenue streams into new, but high-margin business lines. The Company’s new corporate structure should allow for attractive growth, even if fixed income issuance trends stay at stall-speeds for the next few quarters.”