Chevron Corporation a Top Ranked SAFE Dividend Stock (CVX)

Here's why this dividend star continues to shine for income investors

Chevron Corporation (CVX) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 3.8% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, Chevron is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.44% of the SPDR S&P Dividend ETF (SDY), which holds $217,819,688 worth of CVX shares.

Chevron Corporation made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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The annualized dividend paid by Chevron is $4.32 per share, currently paid in quarterly installments, and its most recent dividend ex-date is on 02/14/2017.

Below is a long-term dividend history chart for CVX, which the report stressed as being of key importance.

CVX+Dividend+History+Chart

CVX operates in the Oil & Gas Refining & Marketing sector, among companies like Suncor Energy Inc. (USA) (SU), and Phillips 66 (PSX).

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Article printed from InvestorPlace Media, https://investorplace.com/2017/02/chevron-a-top-ranked-safe-dividend-stock-with-3-8-yield-cvx/.

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