Top 5 Energy Dividend Stocks To Invest In

2. Chevron Corporation (NYSE: CVX)

No. of Hedge Fund Holders: 50
Dividend Yield: 4.84%

Chevron is one of the best energy dividend stocks to invest in. The company has increased its dividend for 33 consecutive years. The company recently said it plans to launch a  $300 million Future Energy Fund to increase its decarbonization efforts. The stock is up 12% over the last 12 months.

With a $4.1 billion stake in Chevron, Warren Buffet’s Berkshire Hathaway owns 48.5 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 50 hedge funds held stakes in CVX at the end of the fourth quarter, versus 43 funds at the end of the third quarter.