To The Moon

Investors nowadays are demanding more from their stocks—they want stable income alongside growth potential. This has led to the emergence of stocks that not only offer generous dividends, with yields no less than 2.4%, but also show promising revenue and profit growth in the coming years.

Let's introduce you to nine such U.S. growth stocks. These aren't like $Microsoft(MSFT)$ and $Apple(AAPL)$ , which offer dividends below 1% and are often seen as tech giants with less growth potential. Instead, these stocks are active, not dormant, and their dividend yields are about a percentage point higher than the $S&P 500(.SPX)$ .

1. $Archrock(AROC)$

Archrock, based in Houston, is an energy services company focused on natural gas compression, providing design, installation and equipment maintenance services.

With a solid business comes a steady dividend, which was just raised to 16.5 cents a share in February. At the same time, the company expects earnings per share to jump to $1.07 in fiscal 2024 from 67 cents in the previous fiscal year and $1.26 in fiscal 2025.

2. $Arcos Dorados(ARCO)$

Arcos Dorados, which means "Golden arches", is registered in Uruguay and has exclusive rights to operate McDonald's (MCD) franchise restaurants in 20 countries in Latin America. With a growing consumer class and rapid GDP growth in Latin America, the company is expected to achieve steady revenue and profit growth.

3. $Baker Hughes(BKR)$

Baker Hughes, the largest company on this list by market capitalization, is involved in all aspects of the oil and gas industry, and the company has a significant presence in the energy services sector.

The company's revenue growth is expected to reach 5% to 10% this year and next, and earnings per share are expected to increase to $2.05 in fiscal 2024 from $1.60 in the previous year, and to $2.53 in fiscal 2025.

4. $Essential Properties Realty Trust Inc.(EPRT)$

Essential Properties is a real estate investment trust (REIT) focused on single-tenant properties (over 1,900 units) in the United States. The company has nearly 400 corporate customers, including car washes, nurseries and medical/dental.

Because it is a REIT, the company must distribute 90% of its taxable income to shareholders, so dividends are generous. Finally, the company's revenue growth is expected to be around 20% for fiscal years 2024 and 2025.

5. $Extra Space Storage(EXR)$

Extra Space Storage is the largest self-storage operator in the United States, with approximately 2.6 million leased warehouses covering approximately 283 million square feet.

With its scale and reliable income, the company offers decent dividends. Meanwhile, the REIT's revenue is expected to grow 30% in 2024 thanks to the acquisition of Life Storage.

6. $Hannon Armstrong Sustainable Infrastructure Capital(HASI)$

Hannon Armstrong Sustainable Infrastructure Capital is a real estate finance firm with equity shares in energy efficiency, renewable energy and sustainable projects in the United States, with growth provided by climate change and the green energy transition.

The company changed from a REIT to a Class C company on January 1, but it still pays a hefty dividend, having just raised its quarterly dividend by 41.5 cents a share from 39.5 cents in April.

7. $Inter Parfums(IPAR)$

Inter Parfums is a company that manufactures and sells perfumes and cosmetics under brands including Coach, Jimmy Choo, Kate Spade, Abercrombie & Fitch, GUESS and Hollister.

Recently, thanks to a strong consumer environment, the company's revenue growth is expected to reach 10% in 2024 and close to 9% in 2025. In March, the company also raised its dividend to 75 cents from 62.5 cents last year.

8. $Opera(OPRA)$

Norwegian-based Opera offers mobile and PC web browsing services, an AI-powered personalized news discovery and aggregation service, a video platform, and e-commerce services. Although the English language market share is small, the company plays an important role in the Nordic region.

Analysts expect revenue growth of about 15 percent in fiscal years 2024 and 2025. The company pays a dividend twice a year, totaling 41 cents per share, with an annual dividend yield of 6%.

9. $Trinity(TRN)$

Trinity is a company focused on rail car leasing and manufacturing. Founded in 1933, the company is a respected player in the railway sector. The company's earnings per share are expected to grow more than 10% this year and more than 30% in fiscal 2025.