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Analyzing Chevron’s Dividend Yield Trends

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Chevron’s dividends per share

In this part, we’ll look at Chevron’s (CVX) dividend trends. Chevron’s dividend payments have risen in the past few years. Chevron is set to pay a dividend of $1.12 per share on December 10, which represents 4% growth from its Q4 2016 dividend.

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Chevron’s dividend yield

Chevron’s current dividend yield is 3.8%, lower than its Q4 2016 yield of 4.2% due to its stock price rising. In the first nine months of this year, Chevron’s cash outflow for dividends was $6.4 billion. Supported by its stronger cash flow and record upstream volumes, Chevron initiated a program to buy back around $3 billion in stock every year. In the third quarter, Chevron bought back $750 million in stock.

Peers’ dividend yield

BP’s (BP) dividend yield has fallen from 6.2% to 6.1% since Q4 2016, while Total’s (TOT), Equinor’s (EQNR), and Royal Dutch Shell’s (RDS.A) have fallen from 5.6%, 5.4%, and 7.4% respectively, to 5.3%, 3.9%, and 6.2%. Next, we’ll review which institutions are buying and selling Chevron stock.

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