Image Source: PixabayOn 31 January, Chevron (CVX) increased its dividend by 4.91%, from $1.63 to $1.71 per share.
The dividend is payable on 10 March to shareholders of record on 14 February. CVX’s contribution to DivGro’s projected annual dividend income will increase by $11 to $521.I own 175 shares of CVX at an average cost basis of $111.38 per share. Following this increase, my yield on cost is 6.14%. (CVX’s forward yield is 4.58% at $149.19 per share). Since opening my position in February 2021, the stock has generated a total return of 47%, including $2,477.25 in dividend income. That’s a stellar annualized rate of return of 16.9%!CVX became DivGro’s 44th Home Run
stock in June 2022, when the stock doubled my original capital outlay.5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Comcast Dividend IncreaseEversource Energy Dividend IncreaseElevance Health Dividend Increase
