5 Best Recession Dividend Stocks to Buy

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 73
Dividend Yield as of July 24: 3.50%

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based multinational oil and gas company that is one of the largest marketers of petroleum products in the world. The company’s cash position remained strong in the first quarter of 2023 as it generated $16.4 billion in operating cash flow and its free cash flow came in at $11.4 billion. During the quarter, it returned $8.1 billion to shareholders in dividends and share repurchases.

One of the best dividend stocks on our list, Exxon Mobil Corporation (NYSE:XOM) has been growing its dividends for 40 years running. It offers a quarterly dividend of $0.91 per share and has a dividend yield of 3.50%, as of July 24.

As per Insider Monkey’s database of Q1 2023, 73 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), worth collectively over $4.3 billion.

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