This Is the Best Time to Buy These 5 Long-Term Dividend Stocks

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1. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 66

Dividend Yield as of November 1: 6.02%

A Buy rating was reiterated on  Devon Energy Corporation (NYSE:DVN) shares on October 21 by analyst Scott Gruber at Citigroup. The analyst also raised his price target on the stock from $77 to $80.

Devon Energy Corporation (NYSE:DVN) stands to gain from rising energy prices and hiked natural gas and oil production levels in the US. The company also increased its dividend by 22% to a record high of $1.55 per share in the second quarter. It has been raising its dividend for the past four years in a row.

Our hedge fund data shows 66 hedge funds long  Devon Energy Corporation (NYSE:DVN) in the second quarter. Their total stake value was $1.9 billion.

See also 11 Best Plastics Stocks To Invest In and Top Small Cap Stocks With Huge Growth Potential.

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