Chevron Corporation (CVX), through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. This dividend champion has paid dividends since 1912 and increased distributions on its common stock for 25 years in a row.
The company’s last dividend increase was in April 2012 when the Board of Directors approved an 11.10% increase to 90 cents/share. This was the second increase in one year. The company’s largest competitors include Exxon Mobil (XOM), British Petroleum (BP) and Royal Dutch (RDS.B).
Over the past decade this dividend growth stock has delivered an annualized total return of 15.10% to its shareholders.
dividend payment has increased by 9.20% per year over the past decade, which is lower than to the growth in EPS.
Full Disclosure: Long CVX, XOM and RDS.B
- 25 Companies raising distribution in 2012’s busiest week for dividend increases
- Dividend Growth Index, 2012 Q2 Update
- How to generate income from your nest egg
- Dividend Investors – Do not forget about total returns
This article was written by Dividend Growth Investor. If you enjoyed this article, please subscribe to my feed [RSS], or have future articles emailed to you [Email] or follow me on Twitter [Twitter].