10 Best Dividend Stocks According to Jim Cramer

5. Chevron Corporation (NYSE:CVX)

Dividend Yield: 4.72%

Chevron Corporation (NYSE:CVX) holds a place among our list of 10 best Jim Cramer dividend stocks. On June 17, 2025, the company announced the closing of a transaction to acquire all equity interests in two subsidiaries of TerraVolta Resources and its investor, The Energy & Minerals Group.

The American multinational energy corporation, Chevron Corporation (NYSE:CVX) engages in the exploration and extraction of crude oil and natural gas. Headquartered in Texas, the company focuses on multiple aspects of the oil and gas industry, from production and refining to marketing and transportation.

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX) has completed the acquisition of 125,000 net acres in Northeast Texas and Southwest Arkansas from TerraVolta Resources and East Texas Natural Resources on June 17, 2025. With this acquisition, the company enters the domestic lithium sector, targeting the Smackover Formation known for its high lithium content.

The company plans to use direct lithium extraction (DLE), an advanced method with a smaller environmental footprint, to establish a lithium business with commercial value. Through the investment, Chevron Corporation (NYSE:CVX) could potentially support the growing demand for critical minerals essential for electrification.

With a payout ratio of 75.43%, indicating the company’s capabilities to handle the dividend payments, Chevron Corporation (NYSE:CVX) offers a dividend yield of 4.69%. The increase in dividends for 38 consecutive years further makes the stocks appealing to investors looking for less risky, long-term, stable income.