Dividend Growth Stocks: 10 Aristocrats

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3. Abbott Laboratories (NYSE:ABT)

5-Year Annual Dividend Growth Rate: 12.6%

An American multinational healthcare company, Abbott Laboratories (NYSE:ABT) is next on our list of the best dividend aristocrat stocks. The company’s 5-year annual dividend growth rate stands at 12.6%. It also maintains a 51-year track record of consistent dividend growth. The company currently offers a quarterly dividend of $0.51 per share for a dividend yield of 1.78%, as recorded on July 25.

70 hedge funds in Insider Monkey’s database of Q1 2023 owned stakes in Abbott Laboratories (NYSE:ABT), compared with 60 in the previous quarter. The collective value of these stakes stands at over $2.37 billion.

Follow Abbott Laboratories (NYSE:ABT)

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