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
Thanks for stopping by!
No comments:
Post a Comment