This marks the 24th consecutive year that Chevron has raised their quarterly dividend.
ConocoPhillips announced today that the company will offer investors a 20% dividend rate increase this quarter to $.66 per share.
Since the beginning of 2010, CVX shares have gained nearly 15% and have outpaced the 9.6% gain in the Dow Jones index.
Dividends are why stocks generate better returns than bonds over the long term.
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Chevron announced today that its Board of Directors has agreed to increase their quarterly dividend by 5% to $.68 per share.