Chevron increases dividend by 8.4 percent in 2020

Dividend Aristocrat Chevron (CVX) will increase its quarterly dividend by 8.4 percent in 2020. This marks the 33rd consecutive year of dividend increases.

The oil major will raise its quarterly dividend from $1.19 to $1.29 per share. This is the biggest dividend hike by Chevron since 2013. At a stock price of $110.69 the new annual dividend rate yields 4.7%.

The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020.

This increase puts Chevron on track to make 2020 the 33rd consecutive year with an increase in annual dividend payout.

Chevron Corporation (Chevron) is engaged in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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