12 Best NYSE Stocks to Buy for Dividends

7. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Holders: 49

Dividend Yield as of June 28: 5.38%

Next on our list of the Best Dividend Stocks on NYSE is BP p.l.c. (NYSE:BP). It is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.

BP p.l.c. (NYSE:BP) announced on June 24 that it had signed a concession ‌agreement with ADNOC and partners to develop the Bab Gas Cap project in the UAE. The company has acquired ​a 10% stake in the concession, marking its first ​access to upstream gas resources in Abu ⁠Dhabi.

The largest gas cap development of its kind globally, the Bab Gas Cap project is expected to produce up to 1.5 billion cubic feet per day (bcfd) of natural gas. It will support UAE gas self-sufficiency and domestic feedstock production as well as ADNOC’s LNG export expansion plans.

The announcement follows BP’s earlier update this month that it had begun commercial production of non-associated ​gas at the Azeri-Chirag-Gunashli (ACG) field off ‌the coast of Azerbaijan. Moreover, the company disclosed that it is looking to expand its regional footprint by preparing to take over as the operator of the massive offshore Babek gas field.