This Passive-Income Powerhouse Just Raised Its Dividend for the 37th Consecutive Year to an All-Time High
On Jan. 25, 2023, Chevron (NYSE: CVX) announced its 36th consecutive annual dividend raise when it boosted its dividend by 6%. Investors were hoping for another raise in the Feb. 2, 2024, fourth-quarter earnings release -- and they got just that.
Chevron announced an 8% dividend raise lifting the payout to $1.63 per share per quarter -- or $6.52 per share per year.
Here's a look at Chevron's history of dividends, why this raise is meaningful, and why the dividend stock is a good value.
Source Fool.com
Chevron Corp. Stock
€145.38
1.550%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 23.13% compared to the current price of 145.38 € for Chevron Corp..
