Analyzing Chevron’s Dividend Yield Trends



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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