5 Best Dividend Stocks to Buy Now

4. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 59

Dividend Yield: 3.6%

Headquartered in California, Chevron Corporation (NYSE:CVX) is a multinational that operates in the energy industry. Warren Buffett’s Berkshire Hathaway is the largest stakeholder in Chevron Corporation (NYSE:CVX) with shares valued at $23.37 billion comprising 7.78% of its 13F portfolio. 

For the past 34 years, Chevron Corporation (NYSE:CVX) has continuously increased its dividends. The company’s stock, as of September 3, has a yield of 3.6% and pays a quarterly dividend of $1.42 per share.

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm had to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”