5 Best Safe Dividend Stocks For 2024

4. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79
Payout Ratio: 35.2%

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy company. The company has been growing its dividends for 41 consecutive years and it offers a quarterly dividend of $0.95 per share. As of December 5, the stock has a dividend yield of 3.78%.

At the end of the third quarter of 2023, Exxon Mobil Corporation (NYSE:XOM) was a part of 79 hedge fund portfolios, up from 71 in the preceding quarter. The stakes owned by these hedge funds have a collective value of over $4.4 billion.

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