5 Best Dogs of the Dow to Invest In

In this article, we discuss 5 best Dogs of the Dow to invest in. If you want to read our detailed analysis of Dogs of the Dow investment strategy and its returns, go directly to read 10 Best Dogs of the Dow to Invest In. 

5. Chevron Corporation (NYSE:CVX)

Dividend Yield as of August 22: 3.60%

Chevron Corporation (NYSE:CVX) is an American multinational energy industry company that specializes in renewable fuel.  The company has been growing its dividends consistently for the past 35 years. It pays a quarterly dividend of $1.42 per share, with a yield of 3.60%, as of August 22.

In August, Credit Suisse initiated its coverage of Chevron Corporation (NYSE:CVX) with an Outperform rating and a $202 price target, appreciating the company’s strong earnings and a 50% hike in its buyback range.

Berkshire Hathaway owned $23.3 billion worth of stakes in Chevron Corporation (NYSE:CVX) in Q2 2022, becoming the company’s largest stakeholder. In addition to this, 59 hedge funds in Insider Monkey’s database owned stakes in the California-based company, up from 53 in the previous quarter. These stakes hold a collective value of over $26 billion.

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