5 Best Blue Chip Dividend Stocks To Buy

In this article, we discuss 5 blue chip dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 15 Best Blue Chip Dividend Stocks To Buy. 

5. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79
Market Cap as of January 25: $398 billion

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy company that is involved in various aspects of the energy industry, including exploration, production, refining, and marketing of oil and gas products. The company pays a quarterly dividend of $0.95 per share, having raised it by 4.4% in October 2023. This marked the company’s 41st consecutive year of dividend growth, which makes XOM one of the best dividend stocks on our list. As of January 25, the stock has a dividend yield of 3.82%.

As per Insider Monkey’s database of Q3 2023, 79 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 71 a quarter earlier. These stakes are worth over $4.4 billion in total. With over 13 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q3.