2 Top Dividend Stocks I Plan to Buy Even More of In November

As an investor focused on sectors that generate stable profits and cash flows, I am always on the lookout for dividend stocks that offer consistent, inflation-protected income. In this article, I will highlight two top dividend stocks that I plan to buy even more of in November: Chevron (CVX) and Vici Properties (VICI).


1. Chevron (CVX)
Chevron, an oil giant with a 35-year history of dividend increases, is a prime example of a stable, income-generating investment. With a current yield of over 4%, Chevron's dividend is significantly higher than the S&P 500's under 1.5%. The company's strong cash flow growth (10% annually through 2027) and fortress-like balance sheet support this attractive yield.

Chevron's dividend growth has been faster than peers and the S&P 500 over the last five years. The company's robust oil reserves and production growth contribute to its dividend growth. As of 2024, Chevron has proven oil reserves of 13.2 billion barrels, a 12% increase from 2020. The company's production growth, driven by projects like the Permian Basin and the Wheatstone LNG project, has consistently increased its cash flow, enabling it to raise dividends.


Additionally, Chevron's share buybacks further boost earnings per share (EPS) and support dividend increases. The company plans to buy back $10 billion to $20 billion of shares annually, which could retire 3% to 6% of its outstanding shares.

2. Vici Properties (VICI)
Vici Properties, a REIT focusing on experiential properties, has a 7-year track record of dividend increases, with a current yield of over 5%. Its rental income growth, acquisitions, and expansion opportunities drive this attractive yield. Vici Properties' acquisitions, such as bowling entertainment centers and Chelsea Piers in NYC, enhance its rental income. Additionally, a growing percentage of its rent will rise with inflation, with 40% in 2024 set to increase to 90% by 2035.

Vici Properties' credit investments, like the $105 million construction loan for a Margaritaville Resort, offer built-in growth opportunities. If Vici exercises its option to buy the resort upon completion, it will expand its investment portfolio, driving rental income growth and supporting dividend increases.


Both Chevron and Vici Properties offer attractive, stable dividend yields and strong dividend growth rates. Their respective industries and business models contribute to their dividend stability, making them excellent choices for income-focused investors. As an investor prioritizing sectors that generate stable profits and cash flows, I plan to buy even more of these top dividend stocks in November.