In this article, we will be looking at 5 dividend stocks with over 20 years of dividend increases. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks with Over 20 Years of Dividend Investing.
5. Consolidated Edison, Inc. (NYSE: ED)
Number of Hedge Fund Holders: 30
Dividend Yield: 4%
Number of Years of Dividend Increases: 47
Consolidated Edison, Inc. (NYSE: ED) is a utilities company engaging in the regulated electric, gas, and steam delivery businesses. The company operates in the US to provide electric services, gas, and steam to thousands of consumers in Manhattan. It ranks 5th on our list of dividend stocks with over 20 years of dividend increases.
This June, Mizuho analyst Anthony Crowdell raised his price target on shares of Consolidated Edison, Inc. (NYSE: ED) from $68 to $78. The analyst also reiterated a Neutral rating on the stock.
In the second quarter of 2021, Consolidated Edison, Inc. (NYSE: ED) had an EPS of $0.53, missing estimates by $0.09. The company’s revenue was $2.97 billion, up 9.27% year over year and beating estimates by $136.93 million. Consolidated Edison, Inc. (NYSE: ED) has gained 10.31% in the past 6 months and 9.31% year to date.
By the end of the second quarter of 2021, 30 hedge funds out of the 873 tracked by Insider Monkey held stakes in Consolidated Edison, Inc. (NYSE: ED) worth roughly $533 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $196 million.
4. International Business Machines Corporation (NYSE: IBM)
Number of Hedge Fund Holders: 41
Dividend Yield: 4.6%
Number of Years of Dividend Increases: 41
International Business Machines Corporation (NYSE: IBM) offers integrated solutions and services across the globe. It operates through its Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing segment. The company ranks 4th on our list of dividend stocks with over 20 years of dividend increases.
This July, Morgan Stanley’s Katy Huberty raised her price target on shares of International Business Machines Corporation (NYSE: IBM) from $152 to $164. The analyst also reiterated an Equal Weight rating on the shares.
In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.50 million. International Business Machines Corporation (NYSE: IBM) has gained 17.97% in the past 6 months and 14.91% year to date.
By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.4 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.4 billion.
3. Chevron Corporation (NYSE: CVX)
Number of Hedge Fund Holders: 41
Dividend Yield: 5.3%
Number of Years of Dividend Increases: 34
Chevron Corporation (NYSE: CVX) is an energy company working in integrated energy, chemicals, and petroleum operations across the globe. The company ranks 3rd on our list of dividend stocks with over 20 years of dividend increases, working through its Upstream and Downstream segments.
This July, Ryan Todd, an analyst at Piper Sandler, raised his price target on shares of Chevron Corporation (NYSE: CVX) from $126 to $137. The analyst also reiterated an Overweight rating on the shares.
In the second quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $1.71, beating estimates by $0.11. The company’s revenue was $37.6 billion, up 178.62% year over year and beating estimates by $1.15 billion. Chevron Corporation (NYSE: CVX) has gained 6.03% in the past 6 months and 18.91% year to date.
By the end of the second quarter of 2021, 50 hedge funds out of the 873 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.3 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $4.9 billion.
2. Exxon Mobil Corporation (NYSE: XOM)
Number of Hedge Fund Holders: 65
Dividend Yield: 6.2%
Number of Years of Dividend Increases: 38
Exxon Mobil Corporation (NYSE: XOM), another energy company, is next on our list of dividend stocks with over 20 years of dividend increases. The company explores for and produces crude oil and natural gas, operating primarily within the US but also internationally. It ranks 2nd on our list.
Piper Sandler’s Ryan Todd raised his price target on shares of Exxon Mobil Corporation (NYSE: XOM) just this July from $63 to $69. The analyst also reiterated a Neutral rating on the shares.
In the second quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $1.10, beating estimates by $0.11. The company’s revenue was $67.74 billion, up 107.77% year over year and beating estimates by $3.02 billion. Exxon Mobil Corporation (NYSE: XOM) has gained 6.81% in the past 6 months and 33.88% year to date.
By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $3.7 billion. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.
1. AT&T Inc. (NYSE: T)
Number of Hedge Fund Holders: 63
Dividend Yield: 7.4%
Number of Years of Dividend Increases: 36
AT&T Inc. (NYSE: T) is a provider of telecommunications, media, and technology services. The company is among the largest communication services corporations in the world, operating through its Communications, WarnerMedia, and Latin America segments. It ranks 1st on our list of dividend stocks with over 20 years of dividend increases.
Bryan Kraft, an analyst at Deutsche Bank, just this July raised his price target on shares of AT&T Inc. (NYSE: T) from $34 to $37. The analyst’s rating on the stock was also reiterated at Buy.
In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.
By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.9 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.
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