Dividend Growth Stocks: 10 Aristocrats

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4. Automatic Data Processing, Inc. (NASDAQ:ADP)

5-Year Annual Dividend Growth Rate: 12.59%

Automatic Data Processing, Inc. (NASDAQ:ADP) is a New Jersey-based company that specializes in providing human resources solutions. On April 12, the company declared a quarterly dividend of $1.25 per share, which remained unchanged from its previous dividend. It is one of the best dividend aristocrat stocks on our list, with 48 years of consecutive dividend growth under its belt. As of July 25, the stock offers a dividend yield of 2.09%.

At the end of Q1 2023, 53 hedge funds in Insider Monkey’s database presented a bullish stance on Automatic Data Processing, Inc. (NASDAQ:ADP), up from 49 a quarter earlier. The stakes owned by these money managers have a total value of over $3.7 billion.

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