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Monday, February 3, 2025

Chevron Dividend Increase

On 31 January, Chevron (CVX)  increased its dividend by 4.91%, from $1.63 to $1.71 per share.
 
The dividend is payable on 10 March to shareholders of record on 14 February. 

CVX's contribution to DivGro's projected annual dividend income will increase by $11 to $521.
I own 175 shares of CVX at an average cost basis of $111.38 per share. Following this increase, my yield on cost is 6.14%. (CVX's forward yield is 4.58% at $149.19 per share). 

Since opening my position in February 2021, the stock has generated a total return of 47%, including $2,477.25 in dividend income. That's a stellar annualized rate of return of 16.9%!

CVX became DivGro's 44th Home Run stock in June 2022, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date
2020 2021 2022 2023 2024 2025
$5.16 $5.31 $5.68 $6.04 $6.52 $6.84
8.40% 2.91% 6.97% 6.34% 7.95% 4.91%
5-year DGR: 6.49% 5,80%

projected, assuming no further changes


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