13 Cheap High Dividend Stocks To Invest In Now

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10. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 86

Dividend Yield as of February 17: 3.66%

P/E Ratio: 13.49

American energy titan Exxon Mobil Corporation (NYSE:XOM) stands 10th on our list of the best dividend stocks. The company, along with consortium partners Hess and CNOOC, is seeking permits for its first gas-focused project in Guyana, set to boost oil and gas production. Exxon plans to increase oil output to 940,000 bpd in 2025 and 1.7 million bpd by 2029. The Longtail project, launching in 2030, will add 250,000 bpd of oil and 1 billion cubic feet of gas per day.

Over the past five years, Exxon Mobil Corporation (NYSE:XOM) has grown earnings at an average annual rate of nearly 30%. In 2024 alone, the company generated $55 billion in operating cash flow, one of its best performances in a decade. In total, the company has returned over $125 billion through dividends and buybacks, $30 billion more than its biggest rival.

On January 31, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.99 per share, in line with previous. The dividend is distributable on March 10, to shareholders of the company as of February 12.

Among the hedge funds tracked by Insider Monkey, 86 funds held stakes in Exxon Mobil Corporation (NYSE:XOM) at the end of Q3 2024, compared to 92 in the earlier quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder of the company, with a position worth $3.4 billion.

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