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5 Best Dividend Growth Stocks With High Upside Potential: Part 2

Given that being able to consistently raise one’s dividend through good times and bad is one of the prime indicators of having a wide moat, Insider Monkey has put together a list of the smart money’s favorite dividend growth stocks.

In the first article of the series, we analyzed five stocks that the smart money likes which yield over 2% and have raised their payout for 25 consecutive years or more. In this second article, we’ll cover the smart money’s favorite dividend growth stocks in Procter & Gamble Co (NYSE:PG), Exxon Mobil Corporation (NYSE:XOM), McDonald’s Corporation (NYSE:MCD), The Coca-Cola Co (NYSE:KO), and Chevron Corporation (NYSE:CVX).

We follow over 700 hedge funds and other institutional investors and by analyzing their quarterly 13F filings, we identify stocks that they are collectively bullish on and develop investment strategies based on this data. One strategy that outperformed the market over the last year involves selecting the 100 best-performing funds and identifying the 30 mid-cap stocks that they are collectively the most bullish on. Over the past year, this strategy generated returns of 18%, topping the 8% gain registered by S&P 500 ETFs.

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#5 Chevron Corporation (NYSE:CVX)

– Number of Hedge Fund Holders (as of September 30): 53
– Total Value of Hedge Fund Holdings (as of September 30): $2.24 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 1.00%

Although crude prices have been volatile over the past decade, Chevron Corporation (NYSE:CVX)’s payout has not. Due to the company’s strong balance sheet and integrated nature, Chevron has raised its dividend for 30-straight years. On account of the raises, Chevron shares currently yield 3.89%...


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