Dividend Increase – Chevron Corporation (CVX)

Yesterday, January 29, the Board of Directors of Chevron Corporation announced a quarterly dividend increase from $ 1.19 to $ 1.29 per share that’s payable March 10, 2020 to holders of record February 18, 2020. This represents an 8.40% increase to the last quarterly dividend.

With current price $ 110.37 (yesterday's close), this raise brings their dividend yield to 4.68 %.

Since I own 60 shares of CVX, this will increase my portfolio's projected annual net dividend income by $ 17.88.

This increase raises my YOC to 4.60%.

Summary of 2020 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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