Chevron’s Dividend Yield after 1Q18

Series overview

So far in this series, we’ve looked at Chevron’s (CVX) 1Q18 earnings and segmental earnings dynamics. We’ve also looked at CVX stock and price forecast for the seven days since its earnings release. We’ve also reviewed analysts’ ratings for CVX. Now, we will look at Chevron’s dividend announcement.

Chevron’s Dividend Yield after 1Q18

Chevron’s dividend stays stable

Chevron’s (CVX) dividend payments have risen in the past few years. For the second quarter of 2018, Chevron announced a dividend payment of $1.12 per share, which is almost flat compared to the previous quarter. However, it shows a 4.7% growth over the dividend payment in 2Q16. The dividend was announced on April 25 and will be paid on June 11.

For the second quarter of 2018, ExxonMobil (XOM) announced an increase in its dividend payment to $0.82 per share. That’s an increase of $0.05 per share over the previous quarter.

CVX’s current dividend yield stands at 3.6% compared to 4.2% in 2Q16. The decline is due to a steeper increase in Chevron stock compared to its dividend in the stated period.

Peer dividend yields

Chevron’s peers have also reduced their dividend yields. BP’s (BP) dividend yield fell from 8.3% in 2Q16 to 5.4% currently. Royal Dutch Shell’s (RDS.A) dividend yield fell from 7.5% to 5.4%. Total (TOT) and Statoil (STO) saw a fall in dividend yields from 5.6% and 5.1%, respectively, in 2Q16, to the current 4.6% and 3.5%, respectively.

However, ExxonMobil’s (XOM) dividend yield increased from 3.4% in 2Q16 to 4.2% currently.