5 Best Cheap Dividend Stocks To Buy Now

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 73
P/E Ratio as of August 20: 8.69

An American energy company, Chevron Corporation (NYSE:CVX) is next on our list of the best dividend stocks to consider now. The company has been raising its dividends consistently for the past 36 years and offers a quarterly dividend of $1.51 per share. The stock has a dividend yield of 3.77%, as of August 20.

Chevron Corporation (NYSE:CVX) was a popular stock among hedge funds in Q2 2023, as hedge fund positions in the company grew to 73 during the quarter, from 64 a quarter earlier, as per Insider Monkey’s database. The collective value of stakes owned by these money managers is over $21.4 billion.

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