Are you looking for massive growth? How does 50% annual dividend growth over a decade sound? Want to know about dividend growth stocks growing their dividends at a blazing pace? Dividend growth investing. It really is one of the very best long-term investment strategies. That's because it basically funnels you right into some of the world's best businesses. After all, you can't pay out ever-larger dividends without producing ever-more profit. And you can't produce ever-more profit without being a world-class enterprise. But some investors believe that dividend growth stocks are always limited to mature, slow-growth businesses. I've done so many videos going over why that's simply not true. And I'm back at it again today. Today, I want to tell you about three dividend growth stocks that have increased their dividends at rates approaching, or even exceeding, 50% annually over the last 10 years.

The first dividend growth stock growing its dividend at a blazing pace is Broadcom Inc. (AVGO). Broadcom is a global semiconductor company with a market cap of $195 billion. Broadcom has been a dividend growth monster. I don't know of any dividend growth stock that has increased its dividend at a higher rate over the last decade. How high has this growth rate been? Their 10-year dividend growth rate is an astounding 69.1%. Yep. Their quarterly dividend in the summer of 2011 was $0.11 per share. That quarterly dividend is now at $3.60/share. That's an increase of more than 30 times. Next time you hear someone talk about how dividend growth stocks don't grow, just mention Broadcom. Case closed. They've increased their dividend for 11 consecutive years. And with the dividend only accounting for about half of free cash flow, you know there's more to come. Broadcom's valuation looks slightly stretched to me, but a pullback could be just the opening you need to invest.

The second dividend growth stock growing its dividend at an incredible rate is CTO Realty Growth Inc. (CTO). CTO Realty is a net lease real estate investment trust with a market cap of $322 million. This REIT is a lot smaller than the REITs I typically focus on. But its small size lends itself to the potential for an outsized growth rate. And that's exactly what this company has delivered. Their 10-year dividend growth rate is a monstrous 47.1%. Not as high as Broadcom's, sure. But against almost any other stock, that's unreal. And get this. The stock yields 7.4%. If anyone know of a higher yield and a higher dividend growth rate, paired together like this, I'd love to hear about it. Because I'm not aware of anything quite like it. They've increased their dividend for eight consecutive years, but do be aware that the payout ratio is dangerously high. They most recently reported AFFO/share of $1.07 for Q2 2021, but the quarterly dividend is $1.00 per share. By the way, that $1.00 quarterly dividend - $4.00/year - is up 25 times compared to the $0.02/share semi-annual dividend they were paying back in 2012. Even after a 30% runup this year, the stock doesn't look that expensive.

Last but not least, let's talk about Timberland Bancorp, Inc. (TSBK). Timberland Bancorp is a community bank with a market cap of $239 million. Unless you live in Western Washington, which is where this bank operates, you've probably never heard of Timberland Bancorp. But don't let that impede your interest, because I've got something that'll grab your attention. Their 10-year dividend growth rate is a colossal 55%. I've got your attention now, right? On top of that impressive growth, the stock also yields 2.9%. These stocks are pretty unique here in terms of not only their huge dividend growth rates but also the fairly attractive yields they offer. This stock is up almost 18% YTD, but the valuation remains very reasonable.

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