5 Best Dividend Champions to Buy Now

In this article, we will be looking at the 5 best dividend champions to buy now. If you want to see our detailed analysis of dividend investing, you can go directly to the 10 Best Dividend Champions to Buy Now.

5. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 65
Dividend Yield: 5.68%
Consecutive Years of Dividend Growth: 38

Exxon Mobil Corporation (NYSE: XOM) is a company working in the exploration and production of crude oil and natural gas in the US and internationally. The company ranks 5th on our list of the best dividend champions to buy now.

This June, Wells Fargo raised its price target on Exxon Mobil Corporation (NYSE: XOM) from $67 to $72, while keeping an Overweight rating on the shares. Citigroup also raised its price target on the stock to $62 in the same month.

In the first quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $0.65, beating estimates by $0.05, and the company’s revenue was $59.15 billion, up 5.32% year over year and beating estimates by $2.89 billion. Exxon Mobil Corporation (NYSE: XOM) has a gross profit margin of 32.49% and has gained 27.88% in the past 6 months and 47.54% year to date as well.

By the end of the first quarter of 2021, 65 hedge funds out of the 866 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM). The total value of their stakes was roughly $2.77 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.20 billion.