Chevron Dividend Increase
On 30 January, Chevron (CVX) increased its dividend by 4.09%, from $1.71 to $1.78 per share.
The dividend is payable on 10 March to shareholders of record on 17
February.
CVX’s contribution to DivGro’s projected annual dividend income will
increase by $60.20 to $1,530.80.
I own 215 shares of CVX at an average cost basis of $120.21 per share. Following this increase, my yield on cost
is 5.92%. (CVX’s forward yield is 3.90% at $182.40 per share).
Since I opened my position in February 2021, the stock has delivered a total return of 67%, including $3,879.45 in dividends. That’s
a superb annualized rate of return of 19.1%!
CVX became DivGro’s 44th Home Run stock in June 2022 when the stock doubled my original capital
outlay.
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $5.31 | $5.68 | $6.04 | $6.52 | $6.84 | ⬆ | $7.12✝ |
| 2.91% | 6.97% | 6.34% | 7.95% | 4.91% | ⬇ | 4.09% |
| 5-year DGR: | 5.80% | ⬆ |
6.04% |
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✝projected, assuming no further changes
