5 Best Dividend Stocks of 2022

In this article, we discuss 5 best dividend stocks of 2022. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 16 Best Dividend Stocks of 2022. 

5. Exxon Mobil Corporation (NYSE:XOM)

Year-to-date Returns as of December 12: 66.9%

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy company that specializes in the distribution of natural gas. The company holds a strong dividend payment record, offering regular dividends to shareholders for over 100 years. Moreover, it also maintains a 40-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list. It currently pays a quarterly dividend of $0.91 per share and has a dividend yield of 3.46%, as of December 12.

Citigroup noted the outperformance of energy stocks during recessionary periods. Given this, the firm raised its price target on Exxon Mobil Corporation (NYSE:XOM) in November to $110 with a Neutral rating on the shares.

As of the close of Q3 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 72 in the previous quarter. The collective value of these stakes is $5.5 billion. Rajiv Jain’s GQG Partners was the company’s leading stakeholder in Q3.