5 Cheapest Dividend Aristocrats Right Now

3. Exxon Mobil Corporation (NYSE:XOM)

P/E Ratio as of January 29: 10.2

An American energy company, Exxon Mobil Corporation (NYSE:XOM) is next on our list of the best dividend aristocrat stocks. In 2023, the company announced a 41st consecutive annual dividend increase and it currently pays a quarterly dividend of $0.95 per share. The stock’s dividend yield on January 29 came in at 3.71%.

The number of hedge funds tracked by Insider Monkey owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 79 in Q3 2023, from 71 in the preceding quarter. These stakes are worth over $4.4 billion in total. First Eagle Investment Management owned over 13 million XOM shares, becoming the company’s largest stakeholder in Q3.

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