5 Best Dividend Stocks of All Time

2. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of July 19: 4.09%

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based international oil and gas company that also develops next-generation technologies to meet the world’s growing energy needs.

In Q1 2022, Exxon Mobil Corporation (NYSE:XOM) generated over $14.8 billion in cash flow from operating activities, which is more than covering capital investment and shareholder distributions. Free cash flow for the quarter came in at $11 billion, up from $7 billion in the same period last year. Exxon Mobil Corporation (NYSE:XOM) maintains a 39-year streak of dividend growth. The company pays a quarterly dividend of $0.88 per share, with a dividend yield of 4.09%, as of July 19.

In July, Piper Sandler upgraded Exxon Mobil Corporation (NYSE:XOM) to Overweight, as the company continued to invest in major oil and gas projects globally.

The number of hedge funds tracked by Insider Monkey owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 83 in Q1 2022, from 71 a quarter earlier. These hedge funds hold a collective stake worth over $8.5 billion.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q4 2021 investor letter. Here is what the firm has to say:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”