
Chevron Corp has a long history of paying dividends, with the first payout dating back to 1901.
Chevron has increased its dividend payout for 35 consecutive years, making it one of the most consistent dividend payers in the industry.
The company has a strong track record of returning value to shareholders through its dividend program.
Chevron's dividend yield is relatively high compared to its peers, making it an attractive option for income investors.
The company has a payout ratio of around 50%, indicating that it has a significant amount of cash flow available for dividend payments.
Chevron Corp Dividend History
Chevron Corp has a long history of paying consistent dividends to its shareholders.
The company's dividend history dates back to 2015, with the first recorded dividend payment of $1.070 on May 15, 2015.
Chevron Corp typically pays its dividends on a quarterly basis, with the exact dates varying from year to year.
Here's a breakdown of Chevron Corp's dividend payments from 2015 to 2025:
Chevron Corp's dividend payments have been steadily increasing over the years, with the exception of a few instances where the payment remained the same.
The company's dividend yield has also been relatively stable, ranging from 3.5% to 4.5% over the past decade.
Chevron Corp Dividend Details
Chevron Corp has a long history of paying dividends to its shareholders, with the first recorded dividend payment dating back to 1974.
The company's dividend payments have been steadily increasing over the years, with a 5-year annualized dividend growth rate of 6.55%. This growth is evident in the dividend payments, which have increased from $1.30 in 2000 to $6.52 in 2024.
Here are the annual dividend payments for Chevron Corp from 1974 to 2024:
The company's dividend payments are covered by cash flows, with a reasonable cash payout ratio of 62.5%. This suggests that Chevron Corp's dividend payments are sustainable in the long term.
Chevron Corp pays its dividends quarterly, with the most recent payout amount being $1.7100 in 2026. The dividend yield for the company is 4.34%, based on the annual dividend payment of $6.84.
The company's payout ratio is 80%, indicating that a significant portion of its earnings are being distributed to shareholders.
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Chevron Corp Growth and Performance
Chevron Corp has shown steady growth in its dividend payments, with an annual dividend of $6.84 and a yield of 4.34%.
The company has a strong track record of increasing its dividend, with an annualized dividend growth of 6.55% over the past five years. This is a sign of a healthy and growing business.
In the last five years, Chevron Corp has increased its dividend payments 5 times, demonstrating its commitment to returning value to shareholders.
This growth has been achieved while maintaining a relatively high payout ratio of 80%.
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CVX Growth
Chevron Corp's dividend growth is a notable aspect of its growth strategy. CVX has a strong track record of increasing its dividend payouts over the years.
The company's dividend growth CAGR (Compound Annual Growth Rate) is a key metric to consider. According to the data, the 10-year CAGR is 4.47%.
One of the most impressive aspects of CVX's dividend growth is its consistency. The company has increased its dividend payouts for a long time, with a 20-year CAGR of 7.52%.
Here's a breakdown of the company's dividend growth CAGR over different time periods:
Chevron Corp's dividend growth is a testament to its commitment to returning value to shareholders.
3 Reasons Oil Aristocrats Reign
Oil Aristocrats Reign for a reason. Chevron Corp's impressive dividend history is one of them. With a $6.84 annual dividend and a yield of 4.34%, it's clear that Chevron is committed to rewarding its shareholders.
Chevron's dividend growth is also noteworthy, with an annualized growth rate of 6.55% over the past five years. This kind of consistent growth is a hallmark of a strong and stable company.
One of the most impressive aspects of Chevron's dividend strategy is its ability to increase payouts year after year. In fact, Chevron has increased its dividend 5 times in the last 5 years.
A payout ratio of 80% may seem high, but it's actually a sign of a company that's committed to returning value to its shareholders. By paying out a significant portion of its profits in the form of dividends, Chevron is demonstrating its confidence in its ability to generate future cash flows.
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Chevron Corp Upcoming Events
Chevron Corp has a few notable upcoming events that may be of interest to investors and shareholders. Chevron Corp is set to release its Q3 2023 earnings on October 28, 2023. This will be a crucial date for investors to track as it will provide insight into the company's financial performance.
Chevron Corp's annual meeting of shareholders is scheduled for May 23, 2024. The meeting will be held in San Ramon, California, and will provide an opportunity for shareholders to engage with company leadership.
Chevron Corp has a long history of delivering value to its shareholders, and its upcoming events are no exception. Chevron Corp has consistently paid dividends to its shareholders since 1925, making it one of the most reliable dividend payers in the industry.
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Market
The market can be a complex and unpredictable place, but when it comes to comparing Chevron Corp's dividend yield to the broader market, we can look at some key statistics.
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Chevron Corp's dividend yield of 4.0% is notably higher than the bottom 25% of dividend payers in the US market, which stands at 1.4%.
In contrast, Chevron Corp's dividend yield is slightly lower than the top 25% of dividend payers in the US market, which boasts a yield of 4.5%.
This puts Chevron Corp's dividend yield in the middle of the pack, at 3.8%, which is the average yield for the oil and gas industry.
Here's a breakdown of Chevron Corp's dividend yield compared to the market:
Chevron Corp's dividend yield is also expected to increase in the future, with analyst forecasts predicting a yield of 4.8% over the next three years.
History
Chevron Corp has a rich history that dates back to 1879, when it was founded as the Pacific Coast Oil Company by the owners of the Standard Oil Company of California.
The company's early success was largely due to its strategic location in the San Joaquin Valley of California, which made it an ideal place to extract oil from the region's vast reserves.
Chevron's name was officially changed to Standard Oil Company of California in 1882, and it continued to grow and expand its operations throughout the late 19th and early 20th centuries.
The company's dividend history is a notable aspect of its financial performance, with Chevron having paid a dividend every year since 1920, making it one of the longest-running dividend payers in the world.
Chevron's history is also marked by significant milestones, including the discovery of the Midway-Sunset Oil Field in 1910, which became one of the largest oil fields in the world at the time.
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Criteria Checks 5/6
Chevron Corp's dividend is a compelling aspect of its investment appeal. The company's dividend yield is a respectable 4.04%.
The payout ratio of 70% indicates a relatively healthy balance between dividend payments and retained earnings. This suggests that Chevron is committed to maintaining its dividend while still investing in its business.
The current dividend per share is a significant US$6.520, which is a clear indication of the company's financial stability. This level of dividend payment is a testament to Chevron's ability to generate consistent cash flows.
A total shareholder yield of 8.8% is comprised of the dividend yield and buyback yield. This is a strong indication of the company's commitment to returning value to its shareholders.
Here's a breakdown of Chevron's dividend metrics:
Chevron's dividend growth rate of 0.4% may not be the highest, but it's a steady and consistent increase that suggests the company is committed to maintaining its dividend over time.
Frequently Asked Questions
What is the current yield of Chevron?
As of December 27, 2024, Chevron's current dividend yield is 4.53%. This yield is based on the company's current TTM dividend payout of $6.52.
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