Dividend yield and growth stock list by Goldman

Goldman Sachs analysts expect stock dividends to grow by more than 6% this year.

In a US Weekly Kickstart report, analysts model the growth of earnings per share in the same year and each of the two prior years. “Prior-year EPS growth is the most predictive variable for DPS (dividend per share) growth.”

EPS growth accelerated in the second half of last year, and analysts expect strong growth in 2024 and 2025.

“From a micro perspective, dividend initiations among large-cap technology firms will also support 2024 DPS growth,” Analyst David J. Kostin wrote.

Meta (META), Salesforce (CRM), and Booking Holdings (BKNG) started dividends during the fourth quarter earnings seasons, which will lift this year’s DPS by 1%, he added.

Goldman analysts list the constituents of their dividend yield and growth basket, with data as of April 18.

• Verizon Communications (VZ) - Payout ratio: 58%; 2023-2025 dividend CAGR: 2%; 2024 DPS/current price: 7%
• Interpublic Group of Companies (IPG) - Payout ratio: 45%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 4%
• Comcast Corp. (CMCSA) - Payout ratio: 28%; 2023-2025 dividend CAGR: 7%; 2024 DPS/current price: 3%
• Omnicom Group Inc. (OMC) - Payout ratio: 34%; 2023-2025 dividend CAGR: 4%; 2024 DPS/current price: 3%
• T-Mobile US Inc. (TMUS) - Payout ratio: 27%; 2023-2025 dividend CAGR: 110%; 2024 DPS/current price: 2%
• Tapestry Inc. (TPR) - Payout ratio: 31%; 2023-2025 dividend CAGR: 14%; 2024 DPS/current price: 4%
• Darden Restaurants (DRI) - Payout ratio: 55%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 4%
• Home Depot Inc. (HD) - Payout ratio: 58%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 3%
• McDonald’s Corp. (MCD) - Payout ratio: 53%; 2023-2025 dividend CAGR: 10%; 2024 DPS/current price: 3%
• eBay Inc. (EBAY) - Payout ratio: 23%; 2023-2025 dividend CAGR: 11%; 2024 DPS/current price: 2%
• Conagra Brands Inc. (CAG) - Payout ratio: 52%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 5%
• Archer-Daniels-Midland Co. (ADM) - Payout ratio: 36%; 2023-2025 dividend CAGR: 9%; 2024 DPS/current price: 3%
• Hershey Co. (HSY) - Payout ratio: 57%; 2023-2025 dividend CAGR: 16%; 2024 DPS/current price: 3%
• Chevron Corp. (CVX) - Payout ratio: 49%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 4%
• Targa Resources (TRGP) - Payout ratio: 51%; 2023-2025 dividend CAGR: 30%; 2024 DPS/current price: 2%
• Invesco Ltd. (IVZ) - Payout ratio: 44%; 2023-2025 dividend CAGR: 5%; 2024 DPS/current price: 5%
• Regions Financial (RF) - Payout ratio: 47%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 5%
• Franklin Resources (BEN) - Payout ratio: 45%; 2023-2025 dividend CAGR: 3%; 2024 DPS/current price: 5%
• Fifth Third Bancorp (FITB) - Payout ratio: 43%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 4%
• Blackstone Inc. (BX) - Payout ratio: 64%; 2023-2025 dividend CAGR: 21%; 2024 DPS/current price: 3%
• Bank of New York Mellon (BK) - Payout ratio: 30%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 3%
• Wells Fargo & Co. (WFC) - Payout ratio: 27%; 2023-2025 dividend CAGR: 14%; 2024 DPS/current price: 3%
• Pfizer In (PFE) - Payout ratio: 71%; 2023-2025 dividend CAGR: 4%; 2024 DPS/current price: 7%
• Viatris Inc. (VTRS) - Payout ratio: 17%; 2023-2025 dividend CAGR: 4%; 2024 DPS/current price: 4%
• CVS Health Corp. (CVS) - Payout ratio: 31%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 4%
• AbbVie Inc. (ABBV) - Payout ratio: 54%; 2023-2025 dividend CAGR: 5%; 2024 DPS/current price: 4%
• Medtronic Plc (MDT) - Payout ratio: 51%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 4%
• Amgen Inc. (AMGN) - Payout ratio: 45%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 3%
• Paychex Inc. (PAYX) - Payout ratio: 72%; 2023-2025 dividend CAGR: 9%; 2024 DPS/current price: 3%
• Robert Half Inc. (RHI) - Payout ratio: 57%; 2023-2025 dividend CAGR: 10%; 2024 DPS/current price: 3%
• Snap-On Inc. (SNA) - Payout ratio: 39%; 2023-2025 dividend CAGR: 14%; 2024 DPS/current price: 3%
• Fastenal Co. (FAST) - Payout ratio: 72%; 2023-2025 dividend CAGR: 11%; 2024 DPS/current price: 2%
• HP Inc. (HPQ) - Payout ratio: 31%; 2023-2025 dividend CAGR: 5%; 2024 DPS/current price: 4%
• International Bus. Machines (IBM) - Payout ratio: 65%; 2023-2025 dividend CAGR: 1%; 2024 DPS/current price: 4%
• Corning Inc. (GLW) - Payout ratio: 57%; 2023-2025 dividend CAGR: 5%; 2024 DPS/current price: 4%
• Seagate Tech Holdings (STX) - Payout ratio: 67%; 2023-2025 dividend CAGR: 2%; 2024 DPS/current price: 3%
• Cisco Systems Inc. (CSCO) - Payout ratio: 43%; 2023-2025 dividend CAGR: 3%; 2024 DPS/current price: 3%
• Hewlett Packard Enterprise (HPE) - Payout ratio: 27%; 2023-2025 dividend CAGR: 3%; 2024 DPS/current price: 3%
• Skyworks Solutions (SWKS) - Payout ratio: 36%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 3%
• Juniper Networks (JNPR) - Payout ratio: 38%; 2023-2025 dividend CAGR: 2%; 2024 DPS/current price: 2%
• Microchip Technology (MCHP) - Payout ratio: 58%; 2023-2025 dividend CAGR: 12%; 2024 DPS/current price: 2%
• QUALCOMM Inc. (QCOM) - Payout ratio: 32%; 2023-2025 dividend CAGR: 7%; 2024 DPS/current price: 2%
• Analog Devices Inc. (ADI) - Payout ratio: 54%; 2023-2025 dividend CAGR: 7%; 2024 DPS/current price: 2%
• NXP Semiconductors (NXPI) - Payout ratio: 28%; 2023-2025 dividend CAGR: 5%; 2024 DPS/current price: 2%
• TE Connectivity (TEL) - Payout ratio: 32%; 2023-2025 dividend CAGR: 8%; 2024 DPS/current price: 2%
• Broadcom Inc. (AVGO) - Payout ratio: 40%; 2023-2025 dividend CAGR: 14%; 2024 DPS/current price: 2%
• Accenture Plc (ACN) - Payout ratio: 41%; 2023-2025 dividend CAGR: 14%; 2024 DPS/current price: 2%
• LyondellBasell Industries (LYB) - Payout ratio: 57%; 2023-2025 dividend CAGR: 7%; 2024 DPS/current price: 5%
• VICI Properties (VICI) - Payout ratio: 61%; 2023-2025 dividend CAGR: 6%; 2024 DPS/current price: 6%
• WEC Energy Group (WEC) - Payout ratio: 67%; 2023-2025 dividend CAGR: 7%; 2024 DPS/current price: 4%