Chevron Corporation Announces Quarterly Dividend of $1.78 (NYSE:CVX)

Chevron Corporation (NYSE:CVX) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of 1.78 per share by the oil and gas company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 19th.

Chevron has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 38 consecutive years. Chevron has a dividend payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chevron to earn $13.48 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 52.8%.

Chevron Stock Performance

Shares of CVX opened at $197.10 on Friday. The firm has a market cap of $392.55 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. The company’s fifty day moving average is $181.95 and its 200-day moving average is $184.96. Chevron has a 12 month low of $146.49 and a 12 month high of $214.71. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. Equities analysts expect that Chevron will post 15.64 EPS for the current fiscal year.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.