5 Magnificent Dividend Growth Stocks to Buy and Hold Forever

Page 5 of 5

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

Number of Hedge Fund Investors: 82

S&P Global Inc (NYSE:SPGI) is one of the top dividend growth stocks out there, with 51 years of consistent dividend growth. With a payout ratio of about 43% and a wide moat, SPGI is a safe dividend stock.

Out of the 933 hedge funds tracked by Insider Monkey, 82 hedge funds had stakes in the financial data and technology company S&P Global Inc (NYSE:SPGI).

Baron FinTech Fund stated the following regarding S&P Global Inc. (NYSE:SPGI) in its fourth quarter 2023 investor letter:

“Shares of rating agency and data provider S&P Global Inc. (NYSE:SPGI) increased due to higher debt issuance amid more favorable market conditions. Billed issuance rose 47% in October and 26% in November against subdued levels last year, with issuance boosted by declining interest rates and tighter bond spreads. Positive equity market performance in the fourth quarter benefited asset-based fees. In addition, the company reported strong quarterly financial results with double-digit growth in revenue and earnings and raised full-year earnings guidance. We continue to own the stock due to the company’s long runway for growth and significant competitive advantages.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer Says You Should Avoid These 11 Stocks and the Forget Magnificent Seven: Jim Cramer Likes These ‘Super 7’ European Stocks.

Page 5 of 5