5 Best Dividend Growth Stocks to Buy Now

In this article, we will be taking a look at the 5 best dividend growth stocks to buy now. To read our detailed analysis of dividend investing, you can go directly to see the 10 Best Dividend Growth Stocks to Buy Now.

5. Chevron Corporation (NYSE: CVX)

Number of Hedge Fund Holders: 50
Dividend Yield: 5.54%
Number of Years of Consistent Dividend Increases: 34

Chevron Corporation (NYSE: CVX) works to explore, develop, and produce crude oil and natural gas, process, liquefy, and transport, liquified natural gas, and offer a range of other services within the energy sector. It ranks 5th on our list of the best dividend growth stocks to buy now.

As of this August, DZ Bank’s Werner Eisenmann has a Hold rating on shares of Chevron Corporation (NYSE: CVX) with a $110 price target.

In the second quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $1.71, beating estimates by $0.11. The company’s revenue was $37.60 billion, up 178.62% year over year and beating estimates by $1.15 billion.  has gained 14.19% year to date and 10.93% in the past year.

By the end of the second quarter of 2021, 50 hedge funds out of the 873 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.3 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $4.9 billion.