Wednesday, April 25, 2012
Chevron Increases Dividend for 25th Consecutive Year!
Chevron Corporation (CVX) is the newest dividend champion. Today it announced it has raised its dividend 11.1% to $.90 per quarter. This marks an impressive 25 year streak of dividend increases. Dividend growth of 11.1% by itself is awesome, but it gets even better because CVX has tended to make multiple increases in recent years. These increases have already boosted my yield on cost to over 4%. With a payout ratio of only 26.8%, there is plenty of room for future dividend boosts.