5 Best Dividend Aristocrats with Over 4% Yield

3. Chevron Corporation (NYSE: CVX)

Number of Hedge Fund Holders: 41
Dividend Yield: 5.31%
Number of Years of Consistent Dividend Growth: 34

Chevron Corporation (NYSE: CVX), an energy company, ranks 3rd on our list of the best dividend aristocrats with over 4% yield. The company works in integrated energy, chemicals, and petroleum operations across the world.

Ryan Todd from Piper Sandler raised his price target on Chevron Corporation (NYSE: CVX) shares in July from $126 to $137 alongside reiterating his Overweight rating on the stock.

In the first quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $0.90, surpassing the previous quarter’s -$0.01 EPS. The company’s revenue was $32.03 billion, up 1.68% year over year and also crossing the previous quarter’s $25.25 billion revenue. Chevron Corporation (NYSE: CVX) has also gained 14.46% in the past 6 months and 19.17% year to date.

By the end of the first quarter of 2021, 41 hedge funds out of the 866 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.86 billion. This is compared to 50 hedge funds in the previous quarter with a total stake value of approximately $5.39 billion.