5 Dividend Growth Stocks with Highest Growth Rates

2. Tractor Supply Company (NASDAQ:TSCO)

3-Year Average Annual Dividend Growth Rate: 40.05%

Tractor Supply Company (NASDAQ:TSCO) is a retail chain company that mainly provides products related to home improvement, agriculture, livestock, and pet care. Its quarterly dividend currently comes in at $1.10 per share after growing its dividends consistently for the past 15 years. Moreover, in the past three years, the company has raised its payouts by 40.05% on average. As of April 23, the stock has a dividend yield of 1.71%.

Of the 933 hedge funds tracked by Insider Monkey at the end of Q4 2023, 30 funds held stakes in Tractor Supply Company (NASDAQ:TSCO), up from 28 a quarter earlier. Their collective stake value is over $545.2 million. With nearly 2 million shares, Select Equity Group was the company’s leading stakeholder in Q4.

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