5 Dividend Stocks with the Biggest Buyback Programs

4. Chevron Corporation (NYSE:CVX)

Stock Buybacks in 12 Months Through September 2023: $14.7 Billion

An American multinational energy company, Chevron Corporation (NYSE:CVX) is next on our list of the best dividend stocks with the biggest buyback programs. Over the 12 months concluding in September 2023, the company executed share repurchases amounting to $14.7 billion. It has raised its dividends for 36 consecutive years and it offers a quarterly dividend of $1.51 per share. As of January 24, the stock has a dividend yield of 4.19%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 72 funds owned stakes in Chevron Corporation (NYSE:CVX), down slightly from 73 in the preceding quarter. These stakes are worth over $21.4 billion in total. With over 110 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q3.

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