10 Best Stocks For Dividends

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4. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest chemical and energy companies in the world. It is one of the best dividend stocks on our list as it has raised its payouts for 40 years straight. The company currently pays a quarterly dividend of $0.91 per share for a dividend yield of 3.52%, as of March 25.

In March, Mizuho raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $147 with a Buy rating on the shares, presenting a solid outlook for energy companies.

At the end of Q4 2022, the number of hedge funds owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 79, from 75 a quarter earlier, according to Insider Monkey’s Q4 data. These stakes have a consolidated value of over $7.1 billion.

Follow Exxon Mobil Corp (NYSE:XOM)

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