What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead

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1. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 71

Chevron Corporation (NYSE:CVX) tops our list of the best dividend stocks to consider for retirement. The American energy company currently pays a quarterly dividend of $1.63 per share and has a dividend yield of 3.93%, as of April 28. The company has raised its payouts for 37 consecutive years.

Chevron Corporation (NYSE:CVX) was included in 71 hedge fund portfolios at the end of Q4 2023, compared with 72 in the previous quarter, as per Insider Monkey’s database. These stakes have a total value of over $21.6 billion.

Follow Chevron Corp (NYSE:CVX)

You can also take a look at Goldman Sachs’ Top 15 Stock Picks for 2024 and 12 Most Profitable Dividend Stocks To Invest In

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