5 Best Energy Dividend Stocks To Invest In

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 57
Dividend Yield as of February 25: 3.72%

Chevron Corporation (NYSE:CVX) is one of the world’s largest energy companies. In February, it revived talks with Algeria to allow it to take up energy explorations in the country. This step was taken to compete for natural gas in areas dominated by European firms.

Chevron Corporation (NYSE:CVX), one of the best energy dividend stocks, has been growing its dividends consistently for the past 36 years. The company offers a quarterly dividend of $1.51 per share and has a dividend yield of 3.72%, as of February 25.

At the end of December 2022, 57 hedge funds tracked by Insider Monkey reported owning stakes in Chevron Corporation (NYSE:CVX), worth over $32.2 billion collectively.

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.”