15 Stocks to Invest in with Steady Dividends

7. Exxon Mobil Corporation (NYSE:XOM)

Upside Potential as of January 20: 18.7%

Exxon Mobil Corporation (NYSE:XOM) ranks seventh on our list of the best stocks with steady dividends. The American oil and gas company is engaged in the exploration, production, refining, and distribution of petroleum products.

Though Exxon Mobil Corporation (NYSE:XOM) is a dominant force in the global fossil fuel industry, it is also increasing its focus on lower-carbon energy investments. The company recently outlined its 2030 vision, which includes targeting up to $30 billion in low-emission projects between 2025 and 2030. Exxon has also secured the largest offshore carbon dioxide storage site in the US through an agreement with the Texas General Land Office. In addition, the company is developing what would be the world’s largest low-carbon hydrogen production facility, capable of producing up to 1 billion cubic feet of hydrogen daily.

Exxon Mobil Corporation (NYSE:XOM) reported $90.02 billion in revenues in the third quarter of 2024, exceeding analysts’ expectations by $1.66 billion. The company also posted strong financial results, generating $17.6 billion in operating cash flow and $11.3 billion in free cash flow for the quarter. It also returned $9.8 billion to shareholders via dividends and stock buybacks. This cash flow enabled the company to grow its payouts for 42 years in a row. The company pays a quarterly dividend of $0.99 per share and has a dividend yield of 3.56%, as of January 20.

Insider Monkey’s database of Q3 2024 indicated that 86 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), compared with 92 a quarter earlier. These stakes have a total value of nearly $7 billion. First Eagle Investment Management was one of the company’s leading stakeholders.