Dividend Aristocrats List by Yield: Top 10 Stocks

9. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of November 14: 3.21%

An American natural gas company, Exxon Mobil Corporation (NYSE:XOM) announced a 3% hike in its quarterly dividend on October 28. This took the company’s dividend growth streak to 40 years. It currently offers a quarterly dividend of $0.91 per share for a dividend yield of 3.21%, as recorded on November 14.

Exxon Mobil Corporation (NYSE:XOM) has reported a strong cash position over the years, which has gained strength in the recent quarter due to growing oil prices. The company’s operating cash flow in Q3 2022 came in at $24.4 billion and its free cash flow was recorded at $22 billion. It paid $8.2 billion to shareholders during the quarter, including $3.7 billion in dividends, which makes it one of the best dividend stocks to buy.

Appreciating the company’s strong Q3 results and growth across all sectors, Piper Sandler raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $131 in November with an Overweight rating on the shares.

At the end of Q2 2022, 72 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), compared with 83 in the previous quarter. The collective value of these stakes is over $7.4 billion.

First Eagle Investments mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q2 2022 investor letter. Here is what the firm has to say:

“Integrated oil and gas giant Exxon Mobil performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the US, the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the US, which industrywide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.”