12 Best Consistent Dividend Stocks to Buy

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is an American integrated oil and gas company. Its Upstream segment, responsible for oil and gas production, reached record output levels in 2024, marking its highest production in over four decades. This achievement was driven by the company’s strategic assets, particularly in the Permian Basin, where both existing operations and newly acquired Pioneer assets contributed to significant growth. These assets stem from Exxon’s acquisition of Pioneer Natural Resources, further strengthening its position in the sector.

In the fourth quarter of 2024, Exxon Mobil Corporation (NYSE:XOM) reported $83.4 billion in revenue, reflecting a slight 1.1% year-over-year decline. Since 2019, the company has achieved $12.1 billion in structural cost reductions, outperforming industry peers and helping to offset inflationary and expansion-related expenses. For the full year, Exxon recorded the highest return on capital employed in its sector at 12.7%, with a five-year average of 10.8%.

Exxon Mobil Corporation (NYSE:XOM) pays a quarterly dividend of $0.99 per share, offering a yield of 3.44% as of March 22. The company delivered a strong financial performance in 2024, generating $55 billion in free cash flow—the third-highest level in a decade. Total free cash flow for the year reached $36.2 billion, with $16.7 billion returned to shareholders through dividends. The company remains committed to its $20 billion annual share repurchase program, which is set to continue through 2026 while maintaining its 42-year streak of consecutive dividend increases.

Overall, Exxon Mobil Corporation (NYSE:XOM) ranks first on our list of the best dividend stocks with consistent payouts. While we acknowledge the potential of XOM as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than XOM but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

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