Polliesdividend

Dividend increase Chevron (CVX)

Today CVX announced a 0.9% increase in its quarterly dividend. Chevron has increased its annual dividend payment for 29 consecutive years. The dividend is raised from $1.07 to $1.08. The dividend pay date is December 12, 2016 to shareholders of record on November 18, 2016 (ex dividend November 16, 2016).

 

CVX

 

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $4.32 per share, up from $4.28. The dividend yield on current price is 4.27%.

My Vrijheid Fonds consist of 36 shares of CVX, so my annual dividends will increase by $1.22 (after taxes). My projected annual (2016) total amount from my shares of CVX will be $117.77 after taxes.

DGI at work! I love it!

The oil prices are still low. That is one of the reasons why CVX has a hard time. So nobody really expected a dividend raise. With this raise the management shows its dedication to their shareholders. Great!

Cheers,

Pollie

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4 thoughts on “Dividend increase Chevron (CVX)

  1. Doug

    it shows they value the shareholder they want to keep their status dividend status hopefully it does get turned around I own less than 2 shares so im not even going to report on it lol. might buy some after the election but into next year unless i see the price start rising then it might bump up to my next buy.

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