A dividend increase of Chevron (CVX) for 2020
On 30 January Chevron (CVX) announced an 8.4% increase in its quarterly dividend. The dividend is raised from $1.19 to $1.29. The dividend pay date is March 10, 2020 to shareholders of record on February 18, 2020 (ex dividend February 14, 2020).
This increase puts Chevron on track to make 2020 the 33rd consecutive year with an increase in annual dividend payout.
The new dividend amount represents an annualized dividend amount of $5.16 per share, up from $4.76. The dividend yield on current price is 4.64%.
My Vrijheid Fonds consist of 36 shares of CVX, so my annual dividends will increase by €11.09 ($12.24) after taxes.
My projected annual (2020) total amount from my shares of CVX will be €142.52 ($157.27) after taxes.
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