10 Best Blue Chip Dividend Stocks in 2017

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2. BP Plc (ADR) (NYSE:BP)

– Number of Hedge Funds With Long Positions (as of March 31): 30
– Aggregate Value of Hedge Funds’ Holdings (as of March 31): $528.9 million

Dividend Yield – 6.85%

BP Plc (NYSE:BP) is one of the world’s leading integrated oil and gas companies. The company engages in finding and producing oil and gas on land and offshore, in more than 70 countries worldwide. BP Plc (NYSE:BP) has a strong presence both in the upstream and downstream businesses. It also owns an interest in Rosneft, an oil company in Russia. The company owns a diversified and balanced portfolio across businesses, resource types, and geographies. BP is also growing its renewables activities, owning biofuel and wind energy generating assets. Despite the recent slowdown in the energy industry, BP has been able to raise its dividend by more than 7% compounded annually over the last five years.

QiuJu Song/Shutterstock.com

QiuJu Song/Shutterstock.com

Follow B P Plc (NYSE:BP)

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