My Top Dividend Growth Stock to Buy in October and Hold Forever

Morgan Stanley is highlighted as a top dividend growth stock for long-term income-seeking investors. The financial services company offers a 2.5% dividend yield with aggressive growth—increasing from $1.10 per share in 2018 to $4.60 in 2026, including a recent 15% quarterly hike. Combined with stock buybacks, the total yield reaches 4.8%. The company is transitioning from primarily investment banking to broader wealth and investment management, with $1.5 billion in stock repurchases in the latest quarter as part of a $20 billion authorization.