5 Highest Yielding Dividend Stocks in the Dow

In this article, we discuss 5 highest yielding dividend stocks in the Dow. If you want to read our detailed analysis of high dividend stocks and their performance over the years, go directly to read 13 Highest Yielding Dividend Stocks in the Dow. 

5. Chevron Corporation (NYSE:CVX)

Dividend Yield as of February 12: 4.29%

Chevron Corporation (NYSE:CVX) is a multinational energy corporation primarily engaged in the exploration, production, refining, and marketing of oil, natural gas, and other energy-related products. With a dividend yield of 4.29% as of February 12, CVX ranks fifth on our list of the highest yielding dividend stocks in the Dow. On February 2, the company declared a 7.9% hike in its quarterly dividend to $1.63 per share. This marked the company’s 37th consecutive annual dividend increase.

At the end of the third quarter of 2023, 72 hedge funds tracked by Insider Monkey reported having stakes in Chevron Corporation (NYSE:CVX), compared with 73 in the previous quarter. These stakes have a consolidated value of over $21.4 billion.