In this article, we discuss the 5 stocks with over 30 years of dividend hikes. If you want our detailed analysis of these stocks, go directly to 10 Stocks With Over 30 Years of Dividend Hikes.
5. Weyco Group, Inc. (NASDAQ:WEYS)
Number of Hedge Fund Holders: 4
Dividend Yield: 4.16%
Weyco Group, Inc. (NASDAQ:WEYS) is a Wisconsin-based footwear company focusing on the North American retail and distribution of footwear brands, including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafter, and Umi. Weyco Group, Inc. (NASDAQ:WEYS) has been in business since 1892 and is traded as a Russell 2000 Component. Weyco Group, Inc. (NASDAQ:WEYS) is one of the top stocks with over 30 years of dividend hikes.
As of the end of the second quarter of 2021, 4 hedge funds in Insider Monkey’s exclusive database reported owning stakes in Weyco Group, Inc. (NASDAQ:WEYS), worth $6 million.
4. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 50
Dividend Yield: 4.68%
Chevron Corporation (NYSE:CVX) is an American multinational energy company, which is also the second largest oil company in America. Chevron Corporation (NYSE:CVX) serves customers and industries in over 180 countries, and is one of the direct successors of John Rockefeller’s Standard Oil.
Societe Generale analyst Irene Himona kept a Buy rating on Chevron Corporation (NYSE:CVX) on October 22, with a price target of $130.
ClearBridge Investments mentioned Chevron Corporation (NYSE:CVX) in its Q1 2021 investor letter. Here is what they said:
“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names, (including) Chevron. We are positive on the company’s strong balance sheets, competitive positions and exposure to an economic recovery.”
3. AbbVie Inc. (NYSE:ABBV)
Number of Hedge Fund Holders: 82
Dividend Yield: 4.79%
AbbVie Inc. (NYSE:ABBV) is an American biopharmaceutical company that produces innovative medicines, conducts clinical trials, and explores medicine via extensive research. The company has several approved medicines and products, 75% of which are originally formulated by AbbVie Inc. (NYSE:ABBV).
Beech Hill Partners owns stakes worth $5.97 million in AbbVie Inc. (NYSE:ABBV) as of the end of June. Overall, 82 hedge funds were long AbbVie Inc. (NYSE:ABBV) at the end of Q2, up from 72 in the previous quarter.
2. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 68
Dividend Yield: 5.33%
Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation, headquartered in Texas. The company was created as a result of the merger of Exxon and Mobil, descendants of John Rockefeller’s Standard Oil, in 1999.
Out of the 873 hedge funds tracked by Insider Monkey, 68 funds were long Exxon Mobil Corporation (NYSE:XOM) at the end of Q2, up from 65 in the first quarter.
BNP Paribas analyst Lucas Hermann downgraded Exxon Mobil Corporation (NYSE:XOM) from Neutral to Underperform with a price target of $60 on October 11.
1. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders: 68
Dividend Yield: 8.15%
AT&T Inc. (NYSE:T) is an American multinational conglomerate holding company, which is the global market leader in the telecommunications sector, as well as the leading US mobile telephone services provider.
At the end of Q2, 68 hedge funds were long AT&T Inc. (NYSE:T), up from 63 in the previous quarter. The stock is quite popular with the smart money.
Citi analyst Michael Rollins kept a Buy rating on AT&T Inc. (NYSE:T), but lowered the price target to $30 from $32 on October 19.
Here is what Nelson Capital Management has to say about AT&T Inc. (NYSE:T) in its Q1 2021 investor letter:
“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”
You can also take a look at Top 10 Stock Picks of Terry Smith’s Fundsmith LLP and 20 Safe Dividend Stocks to Quit Your 9 to 5 Job.
