5 Best Dividend Stocks of All Time

4. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of November 25: 3.20%

Exxon Mobil Corporation (NYSE:XOM) is an American energy company that specializes in the distribution of natural gas. In the third quarter of 2022, the company’s operating cash flow came in at $24.4 billion and it generated $22 billion in free cash flow. The company remained committed to its shareholder obligation, returning $3.7 billion in dividends, which makes it one of the best dividend stocks on our list.

Appreciating the company’s solid Q3 earnings, Piper Sandler raised its price target on Exxon Mobil Corporation (NYSE:XOM) to $131 in November with an Overweight rating on the shares.

On October 28, Exxon Mobil Corporation (NYSE:XOM) declared a 3% hike in its quarterly dividend to $0.91 per share. This was the company’s 40th consecutive year of dividend growth with a 100-year track of consistent dividend payments. As of November 25, the stock has a dividend yield of 3.20%.

Exxon Mobil Corporation (NYSE:XOM) was a part of 75 hedge fund portfolios in Q3 2022, up from 72 in the previous quarter. The stakes owned by these hedge funds have a total value of over $5.5 billion.

First Eagle Investments mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q2 2022 investor letter. Here is what the firm has to say:

“Integrated oil and gas giant Exxon Mobil performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the US, the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the US, which industrywide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.”