CVX Named Top 25 SAFE Dividend Stock Increasing Payments For Decades

By Energy Stock Channel Staff, Monday, January 30, 7:34 AM ET

Chevron Corporation (NYSE:CVX) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.

According to the ETF Finder at ETF Channel, Chevron Corporation is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.27% of the SPDR S&P Dividend ETF (SDY), which holds $305,310,332 worth of CVX shares.

Chevron Corporation (NYSE:CVX) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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The annualized dividend paid by Chevron Corporation is $6.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/15/2023. Below is a long-term dividend history chart for CVX, which the report stressed as being of key importance.

CVX operates in the Oil & Gas Refining & Marketing sector, among companies like Equinor ASA (EQNR), and Marathon Petroleum Corp. (MPC).

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CVX Named Top 25 SAFE Dividend Stock Increasing Payments For Decades

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