Published on May 13th, 2025 by Bob Ciura
Long-term dividend growth stock investing combines the primary reason most people invest – passive income – with the tried-and-true wisdom that underlies successful investing.
For a company to pay rising dividends year-after-year for decades, it must have favorable long-term economic characteristics and a reasonably competent and honest management team.
Blue-chip stocks are well-established, financially strong, and consistently profitable companies.
This research report has the following resources to help you invest in blue chip stocks:
In addition, we have ranked the top 10 high quality dividend growth stocks for the long run.
The 10 dividend stocks below are expected to grow their future earnings-per-share at the highest compound annual rate of all companies we cover in the Sure Analysis Research Database.
They do not have high dividend yields, but their rapid expected earnings growth should allow them to raise their dividends at very high rates each year.
They are ranked in order of 5-year expected EPS growth rate, in ascending order.
Table of Contents
The table of contents below allows for easy navigation.
- Fast Growing Dividend Stock #10: Howmet Aerospace (HWM)
- Fast Growing Dividend Stock #9: Kulicke & Soffa Industries (KLIC)
- Fast Growing Dividend Stock #8: Knight-Swift Transportation Holdings (KNX)
- Fast Growing Dividend Stock #7: Power Integrations Inc. (POWI)
- Fast Growing Dividend Stock #6: Monolithic Power Systems (MPWR)
- Fast Growing Dividend Stock #5: Wingstop Inc. (WING)
- Fast Growing Dividend Stock #4: Nucor Corp. (NUE)
- Fast Growing Dividend Stock #3: Thor Industries (THOR)
- Fast Growing Dividend Stock #2: Microchip Technology (MCHP)
- Fast Growing Dividend Stock #1: Eli Lilly & Co. (LLY)
Fast Growing Dividend Stock #10: Howmet Aerospace (HWM)
- Expected Annual EPS Growth: 18.0%
Howmet Aerospace (HWM) is a leading provider of advanced engineered solution for the aerospace and transportation industries. Its main products are jet engine components, aerospace fastening systems, air frame structural components, and forged aluminum wheels.
Through its four segments, including Engine Products (which accounted for 50% of 2024 revenue), Fastening Systems (22%), Engineered Structures (14%), and Forged Wheels (14%), Howmet generated $7.4 billion in revenue in 2024.
On January 27th, 2025, Howmet increased its dividend by 25% to $0.10 per share quarterly.
On May 1st, 2025, Howmet Aerospace shared its first quarter earnings report for the period ended March 31st. The company’s revenue rose by 6% over the year-ago period to $1.94 billion in the quarter. Adjusted EPS increased 51% to $0.86 from $0.57 in first quarter 2024.
Howmet also repurchased $125 million of its common stock during the quarter for an average share price of $124.24.
Click here to download our most recent Sure Analysis report on HWM (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #9: Kulicke & Soffa Industries (KLIC)
- Expected Annual EPS Growth: 20.0%
Kulicke & Soffa Industries Inc. is a manufacturer and distributor of production equipment for semiconductor devices. The company operates in two business segments: Capital Equipment and Aftermarket Products & Services.
It is headquartered in Singapore and trades on the NASDAQ Exchange. Kulicke & Soffa has annual revenues of approximately $700 million.
On May 6th, 2025, Kulicke & Soffa reported results for the second quarter of fiscal year 2025. For the quarter, revenue declined 5.8% to $162 million, which was $3.1 million less than expected. Adjusted earnings-per-share of -$0.52 compared favorably to adjusted earnings-per-share of -$0.95 in the prior year.
For the quarter, Automotive, General Semi, and Aftermarket Product and Services were roughly equal from Q2 2024 while Memory declined considerably. For the quarter, Kulicke & Soffa’s adjusted operating margin of (16.9%) was up 1,230 basis points year-over-year, but down 2830 basis points from Q1 2025.
Click here to download our most recent Sure Analysis report on KLIC (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #8: Knight-Swift Transportation Holdings (KNX)
- Expected Annual EPS Growth: 20.0%
Knight-Swift Transportation Holdings provides freight transportation services in the US and Mexico. The company operates in four segments, including: Truckload, Less-than-truckload, Logistics, and Intermodal.
Knight-Swift operates over 100,000 trailers and roughly 30,000 tractors that offer dedicated, irregular route, refrigerated, expedited, flatbed, and cross-border operations.
In addition, the company provides repair and maintenance, equipment leasing, warranty and insurance services, and other ancillary services. The company was founded in 1989, employs about 35,000 people, and generates annual revenue of $7.5 billion.
Knight-Swift posted first quarter earnings on April 23rd, 2025, and results were better than expected. Adjusted earnings-per-share came to 28 cents, which was four cents ahead of expectations. Revenue was up fractionally to $1.83 billion, beating estimates by $30 million.
The company’s consolidated adjusted operating ratio improved by 210 basis points year-over-year to 94.7%. The truckload segment saw a 4.2% decline in revenue excluding fuel surcharges, driven by a 5.4% decline in loaded miles.
Click here to download our most recent Sure Analysis report on KNX (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #7: Power Integrations Inc. (POWI)
- Expected Annual EPS Growth: 20.0%
Power Integrations designs and manufactures high-performance electronic components for high-voltage power conversion systems.
Notable products include the InnoSwitch family of ICs, which integrates primary, secondary, and feedback circuits, and the LYTSwitch ICs, designed for efficient LED lighting solutions.
These products are used in mobile device chargers, consumer electronics, lighting, industrial controls, and renewable energy systems.
On May 12th, 2025, the company reported its Q1 results for the period ending March 31st, 2025. For the quarter, the company posted net revenues of $105.5 million that were up slightly sequentially, and up 15% year-over-year.
The year-over-year increase was driven by improved performance across all major end markets, with notable strength in the consumer segment, which accounted for 44% of total sales in the quarter.
Click here to download our most recent Sure Analysis report on POWI (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #6: Monolithic Power Systems (MPWR)
- Expected Annual EPS Growth: 20.0%
Monolithic Power Systems is a leading semiconductor company that designs, develops, and markets high-performance power solutions.
The company utilizes its deep system-level and applications expertise to develop highly integrated monolithic systems used in computing and storage, automotive, industrial, communications, and consumer applications industries.
Monolithic Power generates around $2.2 billion in annual revenues and is headquartered in Kirkland, Washington.
On May 1st, 2025, Monolithic Power announced its Q1 results for the period ending March 31st, 2025. Revenues rose by 39.2% year-over-year to $637.6 million.
The increase in revenue resulted from higher sales in Storage and Computing (77.6%), Automotive (66.4%), Communications (53.6%), Consumer (49.5%), and Industrial (40.9%) divisions, offset by a decline in Enterprise Data (-11.2%). Adjusted EPS was $4.04, up 43.8% year-over-year.
Monolithic expects Q2 revenues in the range of $640 million to $660 million, suggesting a year-over-year rise of 30.4% at the midpoint of this outlook.
Click here to download our most recent Sure Analysis report on MPWR (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #5: Wingstop Inc. (WING)
- Expected Annual EPS Growth: 20.3%
Wingstop Inc. (WING) is headquartered in Addison, Texas and franchises and operates restaurants under the Wingstop brand.
The company has a long track record of high growth.
Source: Investor Presentation
On February 19, 2025, Wingstop Inc. reported its financial performance for the fourth quarter of 2024. The company achieved a 15.8% increase in unit growth, adding a record 349 net new restaurants during the year, bringing the total to 2,308 locations worldwide.
Domestic same-store sales grew by 16.7% in the quarter, contributing to a 14.6% increase for the full year, primarily driven by transaction growth.
System-wide sales reached $1.1 billion for the quarter, a 20.5% increase compared to the same period last year, and totaled $3.9 billion for the full year, reflecting a 21.1% year-over-year growth.
Total revenue for the quarter was $161.8 million, up from $127.1 million in the prior year’s fourth quarter. Net income increased to $26.4 million, or $0.88 per diluted share, compared to $18.8 million, or $0.64 per diluted share, in the same quarter last year.
Click here to download our most recent Sure Analysis report on WING (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #4: Nucor Corp. (NUE)
- Expected Annual EPS Growth: 20.6%
Nucor is the largest publicly traded US-based steel corporation based on its market capitalization. The steel industry is notoriously cyclical, which makes Nucor’s streak of 52 consecutive years of dividend increases even more remarkable.
Nucor Corporation reported its fourth-quarter 2024 earnings on January 28, 2025, highlighting strong operational performance despite ongoing challenges in the steel industry.
The company posted net earnings of $287 million, or $1.22 per share, and $8.46 per share for the full year. EBITDA reached $751 million for the quarter and nearly $4.4 billion for the year.
Source: Investor Presentation
Nucor ended 2024 with $4.1 billion in cash, reflecting its robust financial position.
As a commodity producer, Nucor is vulnerable to fluctuations in the price of steel. Steel demand is tied to construction and the overall economy.
Investors should be aware of the significant downside risk of Nucor as it is likely to perform poorly in a protracted recession.
That said, Nucor has raised its base dividend for 52 straight years. This indicates the strength of its business model and management team.
Click here to download our most recent Sure Analysis report on NUE (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #3: Thor Industries (THOR)
- Expected Annual EPS Growth: 25.0%
Thor Industries was founded on August 29th, 1980 from the acquisition of Airstream, a highly recognized name in the travel trailer industry.
Thor reports results through its three segments: North American towable recreational vehicles, North American motorized recreational vehicles, and European recreational vehicles.
Source: Investor Presentation
Thor generated $10.0 billion in fiscal 2024 and ended its fiscal year with an RV order backlog of $3.3 billion.
Thor reported second quarter FY 2025 results on March 5th, 2024. The corporation reported net sales decreased by 8.6% compared to the second quarter of 2024, to $2.02 billion. Thor reported a $(0.01) loss per share, compared to $0.13 EPS a year ago.
Additionally, the consolidated RV backlog as of January 31st was $3.8 billion, a 17% decrease over the prior year’s $4.7 billion.
Click here to download our most recent Sure Analysis report on THOR (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #2: Microchip Technology (MCHP)
- Expected Annual EPS Growth: 30.0%
Microchip Technology develops, manufactures, and sells smart, connected and secure embedded control solutions used for a wide variety of applications.
These include disruptive growth trends such as 5G, artificial intelligence, Internet of Things (IoT), and autonomous driving, amongst others, in key end markets such as automotive, aerospace and defense, communications.
Microchip Technology generates around $6 billion in annual revenues and is based in Chandler, Arizona.
On May 8th, 2025, Microchip Technology posted its fiscal Q4 results for the quarter ending March 31st, 2025. For the quarter, net sales were $970.5 million, down 26.8% from the comparable period last year.
Lower revenues continued to reflect weak business conditions in the semiconductor industry, though management believes this quarter marked the bottom of the downcycle. GAAP gross margins declined from 59.6% last year to 51.6%.
This sustained pressure on margins and sales led to a net loss of $156.8 million, or $0.29 per diluted share, compared to net income of $154.7 million, or $0.28 per share, last year. On an adjusted basis, EPS was $0.11 versus $0.57 in Q4-2024.
Click here to download our most recent Sure Analysis report on MCHP (preview of page 1 of 3 shown below):
Fast Growing Dividend Stock #1: Eli Lilly & Co. (LLY)
- Expected Annual EPS Growth: 30.0%
Eli Lilly develops, manufactures, and sells pharmaceuticals around the world, and has about 47,000 employees globally. Eli Lilly has annual revenue of $59 billion.
On May 1st, 2025, Eli Lilly reported first quarter results for the period ending March 31st, 2025. For the quarter, revenue grew 45.2% to $12.7 billion, which was in-line with estimates.
Adjusted earnings-per-share of $3.34 compared very favorably to adjusted earnings-per-share of $2.58 in the prior year, but this was $0.12 lower than expected.
Source: Investor Presentation
Volumes company-wide were up 53% for the period, but pricing was lower by 6%. U.S. revenue increased 49% to $8.49 billion, as volume was up 57% while pricing declined 7%. International revenues grew 38% to $4.24 billion as volumes improved 46%.
Revenue for Mounjaro, which helps patients with weight management and is the company’s top gross product, totaled $3.84 billion, up from $1.81 billion a year ago. Demand remains very high for the product.
Zepbound, which is also used to treat patients with obesity, had revenue of $2.31 billion for the quarter compared to just $517 million in the prior year. This product launched in November of 2023 and has seen impressive growth since.
Verzenio, which treats breast cancer, grew 10% to $1.16 billion.
Click here to download our most recent Sure Analysis report on LLY (preview of page 1 of 3 shown below):
Other Blue Chip Stock Resources
The resources below will give you a better understanding of dividend growth investing:
- Dividend Aristocrats: 25+ years of rising dividends and in the S&P 500
- Dividend Kings: 50+ Consecutive years of dividend increases
- Dividend Champions: 25+ Consecutive years of dividend increases
- The Best DRIP Stocks: The top 15 Dividend Champions with no-fee dividend reinvestment plans