Wednesday, April 25, 2012

Dividend Increase: CVX

Chevron (CVX) is increasing its quarterly dividend by 11.1%, from $0.81 to $0.90 per share, putting the company on track for its 25th consecutive year of dividend growth. Given that I own 20 shares of CVX, my quarterly dividend increases from $16.20 to $18.00, which will add an extra $7.20 to my annual dividend income. This dividend increase also boosts my yield on cost to 3.81%.


  1. This is fabulous news, the last increase was only 6 months ago. I'd like to buy more Chevron, hopefully it goes back into the $90's sometime soon. Did you see XOM grew its dividend over 20% today?

    1. Hi Compounding Income,

      This was indeed a nice surprise! I would also like to buy more CVX, preferably below $100.

      I also saw the big dividend increase from XOM today. I read some news articles that mentioned the company was well aware that shareholders were griping about the relatively modest dividend increases (averaging 6-7% in recent years) and the low dividend yield compared with some of the other major oil companies. It's good to see that management responded this way. However, even after this increase, XOM is still yielding less than 3%, so I am not particularly enticed to start a position. I might consider it on a major dip.