5 Best Dividend-Paying Stocks To Buy Now

2. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of July 5: 4.09%

Exxon Mobil Corporation (NYSE:XOM) offers a quarterly dividend of $0.88 per share. The energy company holds a 39-year track record of consistent dividend growth. The stock’s dividend yield came in at 4.09% on July 5. Exxon Mobil Corporation (NYSE:XOM) generated over $10.9 billion in free cash flow in Q1 2022, with an expectation of taking its FCF to $50 billion by the end of the year, which presents a good outlook for dividends and buybacks.

As Exxon Mobil Corporation (NYSE:XOM) started investing in some important oil and gas projects, compared with its counterparts, Credit Suisse raised its price target on the stock in June to $125, with an Outperform rating on the shares.

As per Insider Monkey’s database for Q1, Exxon Mobil Corporation (NYSE:XOM) experienced growth in hedge fund positions, as 83 elite funds owned stakes in the company, up from 71 in the previous quarter. The consolidated value of these stakes is over $8.5 billion. Rajiv Jain’s GQG Partners owned a stake worth over $4.2 billion in the Texas-based company, becoming its largest shareholder in Q1.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q4 2021 investor letter. Here is what the firm has to say:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”