CHEVRON CORP (NYSE:CVX) - A Reliable Dividend Stock Worth Considering

CHEVRON CORP (NYSE:CVX) stands out as a strong candidate for dividend investors, according to our Best Dividend stock screen. The company combines a solid dividend profile with reasonable profitability and financial health, making it an appealing choice for income-focused portfolios.

Key Dividend Strengths

• Attractive Yield: CVX offers a dividend yield of 4.99%, well above the S&P 500 average of 2.41%.
• Consistent Growth: The company has increased its dividend at an annual rate of 6.53% over the past years.
• Reliable Track Record: CVX has paid dividends for at least 10 years without reductions, demonstrating stability.

Profitability & Financial Health

• Solid Profitability: With a Profitability Rating of 5, CVX maintains decent margins and returns, including a Return on Equity of 11.59%.
• Healthy Balance Sheet: A Health Rating of 6 reflects strong solvency, with a manageable Debt-to-Equity ratio of 0.13.
• Sustainable Payout: While the payout ratio of 66.82% is slightly high, earnings growth supports dividend sustainability.

Valuation & Growth Considerations

• Reasonable Valuation: Trading at a P/E of 15.31, CVX is priced in line with industry peers and below the S&P 500 average.
• Moderate Growth Outlook: Earnings are expected to grow at 7.06% annually, though revenue projections show a slight decline.

For a deeper look, review the full fundamental report on CVX.

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Disclaimer

This is not investing advice! The article highlights observations at the time of writing, but you should conduct your own analysis before making investment decisions.