A dividend increase of Chevron (CVX).
Last week CVX announced a 3.7% increase in its quarterly dividend. The dividend is raised from $1.08 to $1.12. The dividend pay date is March 12, 2018 to shareholders of record on February 16, 2018 (ex dividend February 15, 2018).
The new dividend amount represents an annualized dividend amount of $4.48 per share, up from $4.32. The dividend yield on current price is 3.57%.
My Vrijheid Fonds consist of 36 shares of CVX, so my annual dividends will increase by €3.93 ($4.90) after taxes.
My projected annual (2018) total amount from my shares of CVX will be €110.05 ($137.09) after taxes.
This is my 8th dividend increase already in 2018 for my Vrijheid Fonds!!!
DGI at work! I love it!
Due to the drop in oil prices CVX had a really hard time. Last week they announced their first dividend increase in a year and a half. By increasing the dividend, they extended their dividend growth streak to 31 years. With this raise the management shows its dedication to their shareholders. Great!