On Friday,
January 31st the Board of Directors of Chevron Corporation (CVX)
announced
a quarterly dividend increase of from $1.63 to $1.71 per share that’s
payable March 10, 2025 to holders of record February 14, 2025. This
represents a 4.91% increase over the last quarterly dividend.
At the current price of $149.34 (yesterday’s close), this increase will raise Chevron’s dividend
yield to 4.58%.
Chevron Corporation is a Dividend
Champions with a 38 year streak of dividend increases. Dividend
growth rates for 1, 3, 5 and 10 years are 7.9, 7.1, 6.5 and 4.5
(Dividend
Champions.xls)
As an owner of 60 shares of Chevron
Corporation, the recent dividend increase adds $14.30 to my projected
annual net dividend income.
Based on last year’s results, I
expected an increase of around 4%, so this reported increase of
almost 5% was a small positive surprise.
This recent dividend increase marks the
tenth consecutive raise I’ve received from CVX since I acquired my
shares in January 2014. Over this time, the quarterly dividend has
grown as expected from $1.00 to $1.71 per share, representing a 71%
increase.
Following this increase, my yield on
cost is 6.10%.
Summary of 2025 Dividend Increases /
Cuts
Click here
to see my portfolio holdings.
You can follow the development of my
dividends here.
Full Disclosure: Long CVX
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