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Has Chevron’s Dividend Yield Risen in the Past Year?

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Chevron’s dividend per share

We’ll discuss Chevron’s (CVX) dividend yield trend. First, we’ll review Chevron’s dividend payment in the second quarter.

Chevron’s dividends have risen in the past. In the second quarter, Chevron paid a dividend of $1.19 per share on June 10. The dividend was announced on April 24. Chevron’s second-quarter dividend payment represents 6% year-over-year growth.

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Chevron’s dividend yield

Currently, Chevron’s dividend yield is 3.8%. The yield has risen from 3.6% in the second quarter of 2018. The yield rose due to a fall in Chevron’s stock price and an increase in the dividend paid in the stated period.

Chevron paid $2.2 billion in dividends in the first quarter. Chevron distributes surplus cash to its shareholders through the share repurchase program. The program aims to buy back ~$5 billion shares every year. Strong cash flows and record upstream volumes supported the share buyback program in the past several quarters. In the first quarter, Chevron bought back $0.5 billion worth of shares—lower than the previous quarter due to its expected acquisition of Anadarko.

Peers’ dividend yield trend

BP’s (BP) dividend yield has risen from 5.6% in the second quarter of 2018 to the current level of 5.8%. Total (TOT) and Equinor’s (EQNR) dividend yields have risen from 4.8% and 3.5%, respectively, in the second quarter of 2018 to the current levels of 5.2% and 4.7%, respectively. Royal Dutch Shell’s (RDS.A) dividend yield has increased from 5.3% to 5.7%.

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