5 Dividend Stocks with Over 20 Years of Dividend Increases

3. Chevron Corporation (NYSE: CVX)

Number of Hedge Fund Holders: 41
Dividend Yield: 5.3%
Number of Years of Dividend Increases: 34

Chevron Corporation (NYSE: CVX) is an energy company working in integrated energy, chemicals, and petroleum operations across the globe. The company ranks 3rd on our list of dividend stocks with over 20 years of dividend increases, working through its Upstream and Downstream segments.

This July, Ryan Todd, an analyst at Piper Sandler, raised his price target on shares of Chevron Corporation (NYSE: CVX) from $126 to $137. The analyst also reiterated an Overweight rating on the shares.

In the second quarter of 2021, Chevron Corporation (NYSE: CVX) had an EPS of $1.71, beating estimates by $0.11. The company’s revenue was $37.6 billion, up 178.62% year over year and beating estimates by $1.15 billion. Chevron Corporation (NYSE: CVX) has gained 6.03% in the past 6 months and 18.91% year to date.

By the end of the second quarter of 2021, 50 hedge funds out of the 873 tracked by Insider Monkey held stakes in Chevron Corporation (NYSE: CVX) worth roughly $4.3 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $4.9 billion.