5 Best Dividend Stocks For Rising Interest Rates

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 71

Chevron Corporation (NYSE:CVX) is one of the world’s largest integrated energy companies, involved in nearly every aspect of the energy industry, including exploration, production, refining, and marketing of petroleum, natural gas, and related products. In February 2023, the company achieved its 37th consecutive annual dividend hike, which makes CVX one of the best dividend stocks for rising interest rates. The company offers a quarterly dividend of $1.63 per share and has a dividend yield of 4.34%, as of March 5.

Insider Monkey’s database of Q4 2023 indicated that 71 hedge funds owned stakes in Chevron Corporation (NYSE:CVX), compared with 72 in the previous quarter. The consolidated value of these stakes is more than $21.6 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q4.