5 Most Profitable Dividend Stocks To Invest In

4. Chevron Corporation (NYSE:CVX)

Latest TTM Net Income: $20.3 billion

Chevron Corporation (NYSE:CVX) is one of America’s leading energy companies that is engaged in various aspects of the oil and gas industries. On April 26, the company declared a quarterly dividend of $1.63 per share, which was in line with its previous dividend. Overall, it has been growing its dividends for the past 37 years consistently. In FY23, the company returned nearly $11 billion to shareholders through dividends, which places it on our list of the most profitable dividend stocks. The stock has a dividend yield of 3.93%, as recorded on April 27.

Chevron Corporation (NYSE:CVX) was included in 71 hedge fund portfolios at the end of Q4 2023, compared with 72 in the previous quarter, as per Insider Monkey’s database. These stakes have a total value of over $21.6 billion.

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