Dividend Aristocrats: Top 7 Companies by Yield for November 2024

4. Chevron Corporation (NYSE:CVX)

Dividend Yield as of November 26: 4.07%

Chevron Corporation (NYSE:CVX) is a California-based energy company that specializes in oil and gas. It is one of the best dividend aristocrat stocks with a 37-year streak of consistent dividend growth. Currently, the company offers a quarterly dividend of $1.63 per share and has a dividend yield of 4.07%, as of November 26.

Chevron Corporation (NYSE:CVX)  has grown into one of the world’s leading energy enterprises over time. It commits billions each year to expand its operations, leveraging both organic growth and acquisitions. These investments fuel business expansion while boosting profitability and cash flow. In the third quarter of 2024, the company generated $9.7 billion in operating cash flow, which grew from $6.3 billion in the previous quarter. It returned $7.7 billion to shareholders through dividends and share repurchases during the quarter.

Chevron Corporation (NYSE:CVX) reported strong earnings in the third quarter of 2024, with revenues amounting to $50.67 billion. The revenue surpassed analysts’ estimates by $1.63 billion. The company also achieved a 7% increase in global production from the previous year, bringing output to nearly 3.4 million barrels of oil equivalent per day (BOE/d). This growth was fueled by record production in the Permian Basin and the acquisition of PDC Energy.

Chevron Corporation (NYSE:CVX) was a part of 63 hedge fund portfolios at the end of Q3 2024, compared with 64 in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a consolidated value of over $21 billion. With nearly 119 million shares, Warren Buffett’s Berkshire Hathaway owned the largest stake in the company.