5 Best American Dividend Stocks To Buy Now

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 73

Chevron Corporation (NYSE:CVX) is next on our list of the best dividend stocks. The American energy company announced a quarterly dividend of $1.51 per share on October 27, which remained unchanged from its previous dividend. However, the company has been rewarding shareholders with growing dividends for the past 36 consecutive years. The stock has a dividend yield of 4.09%, as of November 4.

The number of hedge funds owning stakes in Chevron Corporation (NYSE:CVX) grew to 73 in Q2 2023, from 64 in the previous quarter, as per Insider Monkey’s database. The total value of these stakes is over $21.4 billion. With over 123 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q2.

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