Why CHEVRON CORP (NYSE:CVX) qualifies as a good dividend investing stock.

CHEVRON CORP (NYSE:CVX) was identified as a stock worth exploring by dividend investors by our stock screener. CVX scores well on profitability, solvency and liquidity. At the same time it seems to pay a decent dividend. We'll explore this a bit deeper below.

Unpacking CVX's Dividend Rating

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. CVX scores a 8 out of 10:

• With a Yearly Dividend Yield of 4.10%, CVX is a good candidate for dividend investing.
• CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
• On average, the dividend of CVX grows each year by 6.53%, which is quite nice.
• CVX has been paying a dividend for at least 10 years, so it has a reliable track record.
• CVX has not decreased their dividend for at least 10 years, which is a reliable track record.
• The dividend of CVX is growing, but earnings are growing more, so the dividend growth is sustainable.

What does the Health looks like for CVX

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. CVX was assigned a score of 6 for health:

• An Altman-Z score of 3.90 indicates that CVX is not in any danger for bankruptcy at the moment.
• CVX's Altman-Z score of 3.90 is amongst the best of the industry. CVX outperforms 86.73% of its industry peers.
• The Debt to FCF ratio of CVX is 1.63, which is an excellent value as it means it would take CVX, only 1.63 years of fcf income to pay off all of its debts.
• With an excellent Debt to FCF ratio value of 1.63, CVX belongs to the best of the industry, outperforming 85.31% of the companies in the same industry.
• CVX has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
• CVX has a Debt to Equity ratio of 0.13. This is in the better half of the industry: CVX outperforms 75.83% of its industry peers.

Profitability Examination for CVX

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. CVX scores a 5 out of 10:

• CVX's Return On Assets of 6.87% is fine compared to the rest of the industry. CVX outperforms 68.72% of its industry peers.
• Looking at the Return On Equity, with a value of 11.59%, CVX is in the better half of the industry, outperforming 60.19% of the companies in the same industry.
• 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.

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

Our latest full fundamental report of CVX contains the most current fundamental analsysis.

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.