5 Dividend Stocks with Over 20 Years of Dividend Increases

2. Exxon Mobil Corporation (NYSE: XOM)

Number of Hedge Fund Holders: 65
Dividend Yield: 6.2%
Number of Years of Dividend Increases: 38

Exxon Mobil Corporation (NYSE: XOM), another energy company, is next on our list of dividend stocks with over 20 years of dividend increases. The company explores for and produces crude oil and natural gas, operating primarily within the US but also internationally. It ranks 2nd on our list.

Piper Sandler’s Ryan Todd raised his price target on shares of Exxon Mobil Corporation (NYSE: XOM) just this July from $63 to $69. The analyst also reiterated a Neutral rating on the shares.

In the second quarter of 2021, Exxon Mobil Corporation (NYSE: XOM) had an EPS of $1.10, beating estimates by $0.11. The company’s revenue was $67.74 billion, up 107.77% year over year and beating estimates by $3.02 billion. Exxon Mobil Corporation (NYSE: XOM) has gained 6.81% in the past 6 months and 33.88% year to date.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in Exxon Mobil Corporation (NYSE: XOM) worth roughly $3.7 billion. This is compared to 65 hedge funds in the previous quarter with a total stake value of approximately $2.8 billion.