Dividend Kings and Aristocrats List: 10 Biggest Stocks

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4. Chevron Corporation (NYSE:CVX)

Market Cap as of January 28: $347 billion 

Chevron Corporation (NYSE:CVX) is a multinational energy company, based in California, US. The company specializes in the exploration of natural gas and oil. In the fourth quarter of 2022, the company posted revenue of $56.4 billion, up 17.3 billion from the same period last year. Its annual operating cash flow came in at $49.6 billion and its free cash flow stood at $37.6 billion.

On January 25, Chevron Corporation (NYSE:CVX) announced a quarterly dividend of $1.51 per share, raising it by 6.3% from its previous dividend. Through this increase, the company achieved its 36th consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on January 28 came in at 3.37%.

The number of hedge funds tracked by Insider Monkey owning stakes in Chevron Corporation (NYSE:CVX) grew to 66 in Q3 2022, from 59 in the previous quarter. These stakes have a total value of over $27 billion.

Diamond Hill Capital mentioned Chevron Corporation (NYSE:CVX) in its Q1 2022 investor letter. Here is what the firm had to say:

“Other top contributors in Q1 included multinational energy company Chevron Corp. (NYSE:CVX). The company benefited from increased energy demand as COVID-related economic restrictions eased in tandem with concerns regarding supply interruptions related to Russia’s invasion of Ukraine.”

Follow Chevron Corp (NYSE:CVX)

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