CVX - Want $1000 in Dividend Income? Here's How Much You'd Have to Invest in Chevron Stock
2024-07-19 10:15:00 ET
Chevron (NYSE: CVX) is one of the top dividend stocks in the oil patch. The energy giant has increased its dividend annually for more than 35 consecutive years. It also has boosted its payout faster than the average for the S&P 500 over the last five years.
At current share prices, it offers a high dividend yield . Here's how much you'd need to invest in the oil stock now to receive $1,000 in dividend income each year.
Chevron hiked its dividend by 8% earlier this year, pushing the quarterly payout to $1.63 per share ($6.52 annually). With the stock closing Thursday just below $162 per share, that gives it roughly a 4% yield. That's several times higher than the S&P 500's average dividend yield, which was recently around 1.3%.
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Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Chevron Stock