5 Dividend Growth Stocks with Over 3% Yield

1. Altria Group, Inc. (NYSE:MO)

Dividend Yield as of May 11: 8.73%

Altria Group, Inc. (NYSE:MO) tops our list of the best dividend growth stocks with high yields. The company currently offers a quarterly dividend of $0.98 per share and has a dividend yield of 8.73%, as recorded on May 11. It maintains a 54-year track record of consistent dividend growth.

At the end of the fourth quarter of 2023, 42 hedge funds in Insider Monkey’s database reported having stakes in Altria Group, Inc. (NYSE:MO), growing from 40 in the previous quarter. The collective value of these stakes is over $1.08 billion.

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