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Chevron Raises Dividend

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Chevron (NYSE: CVX  ) is about to make its shareholders a little richer. The company declared a fresh quarterly dividend of $1.00 per share of its common stock, which will be dispensed on June 10 to shareholders of record as of May 17. That amount is 11% higher than the $0.90 Chevron paid in each of its preceding four quarters. Prior to that, the firm handed out $0.81 per share.

The company is a steady and reliable dividend payer. Over the past decade, its quarterly distribution has ranged from $0.40 per share to the current level.

The new dividend annualizes to an even $4.00 per share, which yields 3.4% at Chevron's most recent closing stock price of $118.28.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/31/2015 4:00 PM
CVX $88.48 Down -4.55 -4.89%
Chevron CAPS Rating: *****

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