Dow Dividend Stock #7 – Chevron (CVX)
Market Cap: $163.9 billion
Annual Dividend: $2.72
Dividend Yield: 3.4%
In August 2009, Energy giant Chevron (CVX) declared a 4.6% increase to its quarterly
dividend to 68 cents per share (or $2.72 a year). As crude oil prices have broken through $85 and look to move higher, CVX stock could see bigger
gains ahead and more incentive for another dividend increase. The company has consistently increased its dividends for more than two straight decades.
Chevron reports first-quarter earnings on April 30.
- Poll of the Day