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Chevron Raises Dividend

By Eric Volkman - Apr 24, 2013 at 4:55PM

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The oil major boosts its payout by 11%.

Chevron (CVX 0.57%) 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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Chevron Corporation Stock Quote
Chevron Corporation
$167.82 (0.57%) $0.96

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