5 Best Dividend Stocks of 2022

3. Hess Corporation (NYSE:HES)

Year-to-date Returns as of December 12: 74.7%

Hess Corporation (NYSE:HES) is a New York-based global independent energy company that is involved in the exploration and production of crude oil and natural gas. In December, Barclays appreciated the company’s performance this year and its improving fundamentals. The firm raised its price target on the stock to $155 with an Overweight rating on the shares.

During the third quarter of 2022, Hess Corporation (NYSE:HES) returned $265 million to shareholders through dividends and share repurchases. The company’s revenue for the quarter came in at $3.16 billion, which showed a 74.6% growth from the same period last year. The company’s strong cash generation and shareholder obligation make it one of the best dividend stocks on our list.

Hess Corporation (NYSE:HES) currently pays a quarterly dividend of $0.375 per share and has a dividend yield of 1.13%, as of December 12.

As of the close of Q3 2022, 33 hedge funds in Insider Monkey’s database owned stakes in Hess Corporation (NYSE:HES), worth $1.22 billion collectively. Ken Fisher’s Fisher Asset Management was the company’s leading stakeholder in Q3.

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