5 Best Dividend ETFs To Buy

3. iShares Core Dividend Growth ETF (NYSE:DGRO)

5-year Share Price Performance as of March 15: 54.25%

iShares Core Dividend Growth ETF (NYSE:DGRO) aims to mirror the performance of the Morningstar US Dividend Growth Index, which comprises US equities with a track record of consistently increasing dividends. iShares Core Dividend Growth ETF (NYSE:DGRO) had net assets of $26.6 billion as of March 14, 2024, with an expense ratio of 0.08% and it holds a portfolio of 420 stocks. As of February 29, 2024, the fund’s 30-day SEC yield stands at 2.36%. It is one of the best dividend ETFs to invest in. 

Exxon Mobil Corporation (NYSE:XOM) is a prominent holding of the iShares Core Dividend Growth ETF (NYSE:DGRO). On February 2, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.95 per share, in line with previous. The dividend was paid on March 11. 

According to Insider Monkey’s fourth quarter database, 85 hedge funds were long Exxon Mobil Corporation (NYSE:XOM), compared to 79 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the largest stakeholder of the company, with 13.2 million shares worth $1.3 billion. 

In its Q2 2022 investor letter, First Eagle Investments, an asset management firm, highlighted a few stocks and Exxon Mobil Corporation (NYSE:XOM) was one of them. Here is what the fund said:

“Integrated oil and gas giant Exxon Mobil Corporation (NYSE:XOM) performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the US, the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the US, which industry wide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.”