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Uncovering Dividend Opportunities with NYSE:CVX.

By Mill Chart

Last update: Jun 12, 2024

Our stock screening tool has identified CHEVRON CORP (NYSE:CVX) as a strong dividend contender with robust fundamentals. NYSE:CVX exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

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Assessing Dividend for NYSE:CVX

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:CVX has received a 8 out of 10:

  • With a Yearly Dividend Yield of 4.18%, CVX is a good candidate for dividend investing.
  • CVX's Dividend Yield is a higher than the industry average which is at 6.06.
  • Compared to an average S&P500 Dividend Yield of 2.37, CVX pays a better dividend.
  • The dividend of CVX is nicely growing with an annual growth rate of 6.07%!
  • CVX has paid a dividend for at least 10 years, which is a reliable track record.
  • CVX has not decreased their dividend for at least 10 years, which is a reliable track record.

Deciphering NYSE:CVX's Health Rating

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:CVX, the assigned 7 for health provides valuable insights:

  • CVX has an Altman-Z score of 3.87. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of CVX (3.87) is better than 84.36% of its industry peers.
  • CVX has a debt to FCF ratio of 1.19. This is a very positive value and a sign of high solvency as it would only need 1.19 years to pay back of all of its debts.
  • CVX has a Debt to FCF ratio of 1.19. This is amongst the best in the industry. CVX outperforms 84.36% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.13, CVX is doing good in the industry, outperforming 76.78% of the companies in the same industry.

Profitability Assessment of NYSE:CVX

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:CVX was assigned a score of 5 for profitability:

  • The Return On Assets of CVX (7.76%) is better than 60.19% of its industry peers.
  • CVX's Profit Margin has improved in the last couple of years.
  • In the last couple of years the Operating Margin of CVX has grown nicely.

More Best Dividend stocks can be found in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of CVX

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.