Dividend Increase – Chevron Corporation (CVX)

Yesterday, January 30, the Board of Directors of Chevron Corporation announced a quarterly dividend increase of from $ 1.12 to $ 1.19 per share that’s payable March 11, 2019 to holders of record February 15, 2019. The declared dividend represents a 6.25 percent increase from the prior quarterly rate.

With current price $ 113.80 (today's open), this raise brings their dividend yield to 4.18%.

Since I own 60 shares of CVX, this will increase my portfolio's projected annual net dividend income by $ 12.52.

This increase rises my YOC to 4.24%.

Summary of 2019 Dividend Increases / Cuts

No.	Ticker	Increase %	Net Increase	Net Increase
			€	$
1	TSX:CU	7.48%	8.14	9.93
2	O	2.04%	3.00	3.42
3	OKE	0.58%	0.65	0.75
4	WEC	6.79%	1.47	1.68
5	KMB	3.00%	1.02	1.16
6	INTC	5.00%	15.81	17.88
7	TELIA1	2.61%	13.00	14.82
8	NCC	-50.00%	-86.22	-98.61
9	CVX	6.25%	10.90	12.52
10	UPM	13.04%	122.93	140.95
	TOTAL		€90.68	$104.49

Increases have been reported by deducting a 25.5% capital income tax.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long CVX

Thanks for stopping by!

Tweet