5 Best Halal Dividend Stocks To Buy

4. Exxon Mobil Corporation (NYSE:XOM)

Dividend Yield as of December 7: 3.53%

Exxon Mobil Corporation (NYSE:XOM) is an American energy company that deals in the distribution of natural gas. In November, Citigroup raised its price target on the stock to $110 with a Neutral rating on the shares. The firm mentioned that energy stocks usually perform better in earnings recession and presented a positive stance on the sector.

In 2022, Exxon Mobil Corporation (NYSE:XOM) extended its dividend growth streak to 40 years, which makes it one of the best dividend stocks to invest in. The company currently pays a quarterly dividend of $0.91 per share for a dividend yield of 3.53%, as of December 7. In Q3 2022, it paid $3.7 billion to shareholders in dividends, which shows the company’s strong cash generation.

As of the close of Q3 2022, 75 hedge funds tracked by Insider Monkey owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 72 in the previous quarter. The collective value of these stakes is $5.5 billion. Rajiv Jain’s GQG Partners was the company’s leading stakeholder in Q3.

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