5 Dividend Growth Stocks with Highest Growth Rates

1. DICK’S Sporting Goods, Inc. (NYSE:DKS)

3-Year Average Annual Dividend Growth Rate: 47.6%

With a 3-year dividend growth of over 47% on an annual average basis, DICK’S Sporting Goods, Inc. (NYSE:DKS) tops our list of the best dividend growth stocks. The American sporting goods retailer company offers a quarterly dividend of $1.10 per share and has achieved its 15th annual consecutive dividend hike this year. The stock offers a dividend yield of 2.14%, as of April 23.

The number of hedge funds tracked by Insider Monkey owning stakes in DICK’S Sporting Goods, Inc. (NYSE:DKS) grew to 32 in Q4 2023, from 25 in the previous quarter. The consolidated value of these stakes is nearly $967 million.

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