Dividend Growth Stocks: 10 Aristocrats

1. Lowe’s Companies, Inc. (NYSE:LOW)

5-Year Annual Dividend Growth Rate: 16.9%

Lowe’s Companies, Inc. (NYSE:LOW) tops our list of the best dividend aristocrat stocks with a 5-year annual dividend growth rate of 16.9%. The company’s overall dividend growth streak stands at 59 years. It currently pays a quarterly dividend of $1.10 per share for a dividend yield of 1.88%, as recorded on July 25.

As of the close of the first quarter of 2023, 67 hedge funds owned stakes in Lowe’s Companies, Inc. (NYSE:LOW), according to Insider Monkey’s database. Their collective stake value is over $5 billion.

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