Uncovering Dividend Opportunities with CHEVRON CORP (NYSE:CVX).

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

Dividend Analysis for CVX

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. CVX has been awarded a 8 for its dividend quality:

• With a Yearly Dividend Yield of 4.96%, CVX is a good candidate for dividend investing.
• CVX's Dividend Yield is a higher than the industry average which is at 7.41.
• Compared to an average S&P500 Dividend Yield of 2.51, CVX pays a better dividend.
• 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.

What does the Health looks like for CVX

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. CVX has earned a 6 out of 10:

• An Altman-Z score of 3.58 indicates that CVX is not in any danger for bankruptcy at the moment.
• With an excellent Altman-Z score value of 3.58, CVX belongs to the best of the industry, outperforming 85.85% of the companies in the same industry.
• 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 85.85% of its industry peers.
• A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
• CVX has a better Debt to Equity ratio (0.13) than 75.47% of its industry peers.

Evaluating Profitability: CVX

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. CVX has earned a 5 out of 10:

• CVX has a Return On Assets of 6.87%. This is in the better half of the industry: CVX outperforms 69.34% of its industry peers.
• The Return On Equity of CVX (11.59%) is better than 60.38% 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.

Check the latest full fundamental report of CVX for a complete fundamental analysis.

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.