5 Best Dividend Stocks According To Jim Cramer

1. Pioneer Natural Resources Company (NYSE:PXD)

Dividend Yield as of December 2: 10.90%

Pioneer Natural Resources Company (NYSE:PXD) is a Texas-based company that is engaged in the exploration of hydrocarbons. In one of his shows recorded in September, Cramer recommended buying PXD as the stock offers the largest dividend in the S&P 500.

On October 27, Pioneer Natural Resources Company (NYSE:PXD) declared a quarterly dividend of $5.71 per share. The company has been raising its dividends consistently for the past four years. As of December 2, the stock has a dividend yield of 10.90%.

In Q3 2022, Pioneer Natural Resources Company (NYSE:PXD) reported revenue of $6.09 billion, which showed a 36.5% growth from the same period last year. The company’s operating cash flow for the quarter came in at $3 billion and it generated $1.7 billion in free cash flow.

As of the close of Q3 2022, 49 hedge funds tracked by Insider Monkey owned stakes in Pioneer Natural Resources Company (NYSE:PXD), worth $851.4 million.

In its Q1 2022 investor letter, Carillon Tower Advisers, an asset management firm, mentioned Pioneer Natural Resources Company (NYSE:PXD). Here is what the fund said:

“Pioneer Natural Resources (NYSE:PXD) performed well in a strong energy sector. Pioneer stood out recently with a pledge to return a large majority of free cash flow to shareowners through dividends and stock buybacks, and ended hedging to give shareowners more earnings and dividend potential should oil and gas prices continue to rise.”

You can also take a look at 10 Best Small-Cap Dividend Stocks to Buy Now and 11 High Dividend Stocks Picked By Billionaire Gabelli

Follow Insider Monkey on Twitter