5 Best DRIP Stocks To Own

3. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of January 16: 3.22%

Exxon Mobil Corporation (NYSE:XOM) is another one of the best DRIP stocks on our list. The company deals in the distribution of natural gas. In January, Mizuho assumed its coverage on the stock with a Buy rating and a $140 price target, up from $90. The firm identified the stock as a Top Pick in the sector for 2023.

Exxon Mobil Corporation (NYSE:XOM) has been raising its dividends consistently for the past 40 years and has paid dividends to shareholders for over 100 years in a row. The company pays a quarterly dividend of $0.91 per share for a dividend yield of 3.22%, as recorded on January 16.

As of the close of Q3 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 72 in the previous quarter. The collective value of these stakes is $5.5 billion. Rajiv Jain’s GQG Partners was the company’s leading stakeholder in Q3.

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