Given what the company did with its payout last year, Chevron seems likely to make another increase to its dividend in 2020. The company has grown its dividend for the last 33 consecutive years and is increasing its dividend by an average of 3.53% each year. In fact, it raised its quarterly payout from $1.19 per share to $1.29 per share in 2020. Exxon Mobil and Chevron are the only two oil companies on the list of S&P “dividend aristocrats,” companies that have raised their dividends every year for at least 25 consecutive years. Analysts disagree on whether that will happen. Taking actions to protect the dividend, sustain long-term value and preserve cash; Further reducing 2020 capital expenditure guidance to as low as $14 billion ; Completed asset sales in the Philippines and Azerbaijan; San Ramon, Calif., May 1, 2020 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020, compared with … We have exciting capital projects that use innovative technology designed to provide decades of energy. SAN RAMON, Calif., October 28, 2020 – The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, payable December 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2020. A cash dividend payment of $1.29 per share is scheduled to be paid on December 10, 2020. Chevron Corporation (CVX) Dividend Stock Analysis Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). © 2001 – 2021 Chevron Corporation. Below are some highlights from the above linked analysis: Company Description: Chevron Corporation is a global integrated oil company (formerly ChevronTexaco) has interests in exploration, production, refining and marketing, and … Chevron is a Dividend Aristocrat having increased its dividend for 33 consecutive years, with the most recent increase in January 2020. Looking at the universe of stocks we cover at Dividend Channel, on 11/17/20, Chevron Corporation (Symbol: CVX) will trade ex-dividend, for its quarterly dividend of $1.29, payable on 12/10/20. Chevron pays an annual dividend of $5.16 per share, with a dividend yield of 6.05%. Our strong results come from empowering our people. © 2001 – 2021 Chevron Corporation. CVX's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! We have exciting capital projects that use innovative technology designed to provide decades of energy. Chevron entered 2020 in comparatively better shape, as past spending meant it didn't need to put as much capital to work to support its production. Chevron’s 6.1% dividend yield is very attractive for income investors, particularly with low interest rates and the average dividend yield of the S&P 500 Index currently below 2%. Also Wednesday, rival Exxon Mobil said it is keeping its quarterly dividend at 87 cents per share. This increase puts Chevron on track to make 2020 the 33rd consecutive year with an increase in annual dividend payout. In trading on Monday, shares of Chevron were yielding above the 7% mark based on its quarterly dividend (annualized to $5.16), with the stock changing hands as low as $73.20 on the day. Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, January 29, 2021 at 11:00 a.m. SAN RAMON, Calif., October 28, 2020 – The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, payable December 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2020. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020. × Welcome to Dividend.com Please help us personalize your experience. Select the one that best describes you Subscribe Please enter a valid email address Go Back Home Best Dividends Our 20 Best Dividend Stock Picks Dividend ETFs and Funds Dividend ETFs Dividend Funds … Chevron can pay its dividend in cash for the first two quarters of 2020, but will have trouble getting to 2021 unless oil prices start rising again. We’re working together to provide energy that drives human progress. … We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. Despite the losses, Chevron left its dividend unchanged at $1.29 per share for Q3 2020. All rights reserved. While cash flow from operations (CFFO) would cover the dividend in this environment, debt and asset sales would be required to cover the company's capital spending. ExxonMobil didn't boost its dividend in 2020. 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