5 Best Performing Dividend Stocks in 2022

3. Chevron Corporation (NYSE:CVX)

Dividend Yield as of December 21: 3.25%

Chevron Corporation (NYSE:CVX) is a California-based multinational energy company. Since the start of 2022, the stock delivered a 44.29% return to shareholders, and its 12-month return came in at 47.8%, as of the close of December 20.

In the third quarter of 2022, Chevron Corporation (NYSE:CVX) distributed $2.7 billion in dividends to shareholders, up 6% from the same period last year. It currently pays a quarterly dividend of $1.42 per share and has a dividend yield of 3.25%, as recorded on December 21. The company has raised its dividends for 25 years in a row, which makes it one of the best dividend stocks on our list.

The number of hedge funds tracked by Insider Monkey owning stakes in Chevron Corporation (NYSE:CVX) grew to 66 in Q3 2022, from 59 in the previous quarter. These stakes have a total value of over $27 billion. Berkshire Hathaway was the company’s leading stakeholder in Q3.

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.”