Exploring CHEVRON CORP (NYSE:CVX)'s dividend characteristics.

CHEVRON CORP (NYSE:CVX) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:CVX demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

Analyzing Dividend Metrics

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:CVX has been awarded a 7 for its dividend quality:

• CVX has a Yearly Dividend Yield of 4.47%, which is a nice return.
• CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
• The dividend of CVX is nicely growing with an annual growth rate of 6.53%!
• CVX has paid a dividend for at least 10 years, which is a reliable track record.
• CVX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Health Assessment of NYSE:CVX

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:CVX has received a 6 out of 10:

• An Altman-Z score of 3.79 indicates that CVX is not in any danger for bankruptcy at the moment.
• CVX has a better Altman-Z score (3.79) than 86.12% of its industry peers.
• CVX has a debt to FCF ratio of 1.63. This is a very positive value and a sign of high solvency as it would only need 1.63 years to pay back of all of its debts.
• CVX has a better Debt to FCF ratio (1.63) than 84.21% of its industry peers.
• A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
• The Debt to Equity ratio of CVX (0.13) is better than 76.08% of its industry peers.

Assessing Profitability for NYSE:CVX

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:CVX, the assigned 5 is noteworthy for profitability:

• The Return On Assets of CVX (6.87%) is better than 66.51% of its industry peers.
• In the last couple of years the Profit Margin of CVX has grown nicely.
• In the last couple of years the Operating Margin of CVX has grown nicely.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

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

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.