5 Best Dogs of the Dow to Invest In

4. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of August 22: 3.74%

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s leading international oil and gas companies. The company specializes in the production and exploration of crude oil and natural gas. In August, BofA called XOM its top major idea following the company’s strong Q2 earnings and the firm lifted its price target on the stock to $123 with a Buy rating on the shares.

In Q2 2022, Exxon Mobil Corporation (NYSE:XOM) reported revenue of $115.6 billion, showing a 70.8% year-over-year growth. The company generated earnings of $17.9 billion and its cash flow from operating activities stood at over $20 billion. It distributed $7.6 billion to shareholders during the quarter, including $3.7 billion in dividends.

On July 27, Exxon Mobil Corporation (NYSE:XOM) declared a quarterly dividend of $0.88 per share, in line with its previous dividend. The company has been making dividend payments for the past 100 years while maintaining a 39-year track record of consistent dividend growth. As of August 22, the stock’s dividend yield came in at 3.74%.

At the end of Q2 2022, 72 hedge funds in Insider Monkey’s database owned stakes in Exxon Mobil Corporation (NYSE:XOM), worth over $7.4 billion.

Saturna Capital mentioned Exxon Mobil Corporation (NYSE:XOM) in its Q4 2021 investor letter. Here is what the firm has to say:

“Few companies maintain their position at the top for more than a decade or two. One that did was Exxon, which appeared decennially from 1980 through 2010. In 2019 it was ranked 10th, but as of writing has dropped to 39th place.”