5 Best Undervalued Dividend Stocks To Buy Now

3. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 71
P/E Ratio as of November 7: 10.51

An American energy company, Exxon Mobil Corporation (NYSE:XOM) is next on our list of the best dividend stocks on our list. At the end of the second quarter of 2023, 71 hedge funds in Insider Monkey’s database held stakes in Exxon Mobil Corporation (NYSE:XOM), compared with 73 in the preceding quarter. The total value of these stakes is more than $3.08 billion.

On October 27, Exxon Mobil Corporation (NYSE:XOM) declared a 4.4% hike in its quarterly dividend to $0.95 per share. Through this increase, the company stretched its dividend growth streak to 41 years. The stock’s dividend yield on November 7 came in at 3.59%.

Follow Exxon Mobil Corp (NYSE:XOM)