Dividend Growth Stocks: 10 Aristocrats

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7. Target Corporation (NYSE:TGT)

5-Year Annual Dividend Growth Rate: 11.7%

An American retail corporation, Target Corporation (NYSE:TGT) holds one of the longest dividend growth streaks in the stock market. The company has raised its payouts each year in the past 52 years, with a 5-year annual dividend growth rate of 11.7%. It currently offers a quarterly dividend of $1.10 per share. Our best dividend aristocrat stock has a dividend yield of 3.25%, as of July 25.

Of the 943 hedge funds tracked by Insider Monkey, 46 funds held stakes in Target Corporation (NYSE:TGT) in Q1 2023, compared with 48 a quarter earlier. The collective value of these stakes is nearly $530 million.

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