Chevron ($CVX) increased its quarterly dividend by 7.95%, from $1.51 to $1.63 per share.
The dividend is payable on 11 March to shareholders of record on 16 February. The ex-dividend date is 15 February.
CVX's contribution to DivGro's projected annual dividend income will increase by $72 to $978.
I own 150 shares of CVX at an average cost basis of $93.67 per share. Following this increase, my yield on cost is 6.96%. (CVX's forward yield is 4.29% at $151.96 per share).
CVX became DivGro's 44th Home Run stock in June 2022, when the stock doubled my original capital outlay.
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