Chevron Increases Dividend For 22nd Consecutive Year
- July 29, 2009
- Dividend Aristocrats, Dividend News, Dividend Stocks, High Yield Dividend Stocks
- 1 comment
Chevron (CVX: 106.37 -0.37%) announced today that its Board of Directors has agreed to increase their quarterly dividend by 5% to $.68 per share.
Chevron’s current dividend yield will now be 4.1%.
The dividend will be payable on September 10, 2009 to shareholders of record as of August 19, 2009.
This will be the 22nd consecutive year that Chevron has increased its annual dividend payment.
Chevron’s shares finished down 1.8% to close at $67.12 today. Since the beginning of 2009, the stock has dropped 9%.
The company is scheduled to report their second quarter earnings results on Friday. Wall Street is expecting the Dow stock to earn $.95 per share.
