5 Safe Dividend Stocks to Invest In

3. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 51

Dividend Yield: 4.7%

Chevron Corporation (NYSE:CVX) is an American multinational energy corporation. It deals with all kinds of energy production and usage. With a dividend yield of 4.7%, Chevron Corporation (NYSE:CVX) is among the best safe dividend stocks to invest in. 

In the third quarter of 2021, Chevron Corporation (NYSE:CVX) showed an EPS of $2.96, beating the estimated EPS of $2.19 by $0.77. Its revenue was $44.71 billion, beating estimates by $3.86 billion. The stock gained 11.16% in the past six months and 35.18% year to date.

In the third quarter, 51 hedge funds held stakes in the Chevron Corporation (NYSE:CVX), worth $4.4 billion. In the previous quarter, the total stake value was $4.2 billion, with 50 out of 873 hedge funds holding stakes in it.