Why Chevron Corporation is a Top 25 SAFE Dividend Stock (CVX)
Thu, Jan 24, 11:16 AM ET, by ETF Channel
Chevron Corporation (CVX) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Chevron Corporation is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.76% of the SPDR S&P Dividend ETF (SDY), which holds $163,294,198 worth of CVX shares.
Chevron Corporation (CVX) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Chevron Corporation is $3.60/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/14/2012. Below is a long-term dividend history chart for CVX, which the report stressed as being of key importance.
CVX operates in the Oil & Gas Refining & Marketing sector, among companies like Exxon Mobil Corp. (XOM), and ConocoPhillips (COP).
Read the original article at ETF Channel: Why Chevron Corporation is a Top 25 SAFE Dividend Stock (CVX)
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