Beat the Dow Jones With This Cash-Gushing Dividend Stock
Dividend stocks can be an excellent source of passive income. Those that are best have robust cash flows that support and grow their Dividend payout. One stock yielding investors nearly 4% that has raised its Dividend for 36 consecutive years is (NYSE: CVX).
The integrated oil and gas company has benefited from strong tailwinds to its business in recent years. These tailwinds have it raking in cash flow hand over fist, which it has used to make strategic acquisitions and return capital to shareholders through a growing dividend and stock repurchase program. Here's why this cash-gushing dividend stock can be a solid addition to your portfolio today.
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Source Fool.com
Chevron Corp. Stock
€145.08
0.030%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
As a result the target price of 163 € shows a slightly positive potential of 12.35% compared to the current price of 145.08 € for Chevron Corp..
