Chevron increases dividend for 29th consecutive year
The quarterly dividend will be raised to $1.08 per share, marking 29 years of consecutive dividend increases.
This week's (Wednesday Chevron announced its dividend hike) small dividend hike follows a 7% dividend increase in 2014 to $1.07 quarterly. In 2015 Chevron decided not te raise its annual dividend.
With Wednesday's small dividend increase Chevron has made sure that it will remain a member of the Dividend Aristocrats Index.
Based on a closing price of $101.29 on Wednesday the estimated dividend yield for Chevron is 4.3%.