Top 5 Energy Dividend Stocks To Invest In

Page 5 of 5

1. Exxon Mobil Corporation (NYSE: XOM)

No. of Hedge Fund Holders: 63
Dividend Yield: 5.86%

Oil giant ExxonMobil is one of the top 10 energy dividend stocks to invest in. The company’s dividend has increased at an average annual rate of 6.1% over the last 38 years. During its 2021 Investor Day, the company outlined its plan to cut production growth to focus more on dividends and cash flows. The company will keep its production flat through 2025. However, the company will increase its operations in Guyana and the Permian Basin.

As of the end of the fourth quarter, 63 hedge funds in Insider Monkey’s database of 887 funds held stakes in Exxon Mobil, compared to 52 funds in the third quarter. First Eagle Investment Management is the company’s most significant stakeholder, with 26.8 million shares worth $1.1 billion.

You can also take a peek at 10 Best Mortgage Stocks To Buy Now and 16 Best Space Stocks To Buy Now.

Page 5 of 5