5 Best Dividend Stocks For Passive Income

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In this article, we discuss 5 best dividend stocks for passive income. If you want to read our detailed analysis of passive income ideas and dividend stocks, go directly to read  12 Best Dividend Stocks For Passive Income.

5. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 73

Chevron Corporation (NYSE:CVX) ranks fifth on our list of the best dividend stocks for passive income. The American energy company has been raising its dividends for 36 consecutive years and currently pays a quarterly dividend of $0.40 per share. The company returned $2.8 billion to shareholders in dividends in the second quarter of 2023. The stock’s dividend yield on October 12 came in at 3.75%.

Insider Monkey’s database of Q2 2023 showed that 73 hedge funds owned stakes in Chevron Corporation (NYSE:CVX), up from 64 in the previous quarter. These stakes are collectively worth over $21.4 billion. With over 123 million shares, Berkshire Hathaway was the leading stakeholder of the company in Q2.

Follow Chevron Corp (NYSE:CVX)

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