15 Best Dividend Aristocrat Stocks with Over 3% Yield

4. Chevron Corporation (NYSE:CVX)

Dividend Yield as of March 29: 4.12%

Chevron Corporation (NYSE:CVX) is a leading American oil and gas company. It has enhanced its capacity to secure long-term contracts by prioritizing LNG initiatives. The company reported solid earnings in the fourth quarter of 2024, generating revenue of $52.23 billion, up 10.7% from the same period last year. The revenue also exceeded Street estimates by over $3.8 billion. The growth in revenue was mainly driven by a 7% rise in global production and a 19% surge in US output, both achieving record levels for the year.

In addition, Chevron Corporation (NYSE:CVX) generated nearly $8 billion from asset sales and maintained a solid financial position, as the company ended the year with a net debt ratio of 10%. The company’s cash position has remained stable over the years, which has supported its dividend policy. In FY24, it reported an operating cash flow of $31.5 billion, and its free cash flow amounted to $15 billion. Due to this cash generation, the company was able to return $12 billion to shareholders through dividends and repurchased over $15 billion worth of shares, reasserting its long-standing commitment to share buybacks.

Chevron Corporation (NYSE:CVX) offers a quarterly dividend of $1.71 per share, growing it by 4.9% in January. Through this increase, the company achieved its 38th consecutive annual dividend hike, which makes CVX one of the best dividend aristocrat stocks on our list. In addition to dividend growth, the stock also offers an attractive dividend yield of 4.12%, as recorded on March 29.