May 16, 2018 - 7:30 AM EDT
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Ex-Dividend Alert: Chevron Has Raised Dividend for 32 Consecutive Years; Will Trade Ex-Dividend on May 17, 2018

LONDON, UK / ACCESSWIRE / May 16, 2018 / Active-Investors has a free review on Chevron Corp. (NYSE: CVX) following the Company's announcement that it will begin trading ex-dividend on May 17, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 16, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CVX:

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Dividend Declared

On April 26, 2018, Chevron's Board of Directors declared a quarterly dividend of $1.12 per share, payable June 11, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 18, 2018.

Chevron's indicated dividend represents a yield of 3.45%, which is substantially higher than the average dividend yield of 2.30% for the Basic Materials sector. The Company has raised its dividend for thirty-two years in a row.

Dividend Insights

Chevron has a dividend payout ratio of 60.2%, which denotes that the Company spends approximately $0.60 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Chevron is forecasted to report earnings of $7.32 per share for the next year, which is considerably higher than the Company's annualized dividend of $4.48 per share.

As of March 31, 2018, Chevron's cash and cash equivalents totaled $6.47 billion compared to $4.81 billion as on December 31, 2017. The Company's cash flow from operations in the first three months of 2018 was $5.0 billion compared to $3.8 billion in the corresponding 2017 period. Excluding working capital effects, Chevron's cash flow from operations was $7.1 billion in Q1 2018 compared to $4.8 billion in the Q1 2017 period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Update Chevron

On April 27, 2018, Chevron reported earnings of $3.6 billion, or $1.90 per diluted share, for Q1 2018 compared to $2.7 billion, or $1.41 per diluted share, in Q1 2017. The Company's foreign currency effects increased earnings in the reported quarter by $129 million compared to a decrease of $241 million in the year earlier same quarter.

Chevron's sales and other operating revenues were $36 billion in Q1 2018 compared to $32 billion in the year ago corresponding period.

About Chevron Corp.

Chevron is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the Company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets, and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations.

Chevron is based in San Ramon, California

Stock Performance Snapshot

May 15, 2018 - At Tuesday's closing bell, Chevron's stock slightly dropped 0.50%, ending the trading session at $129.74.

Volume traded for the day: 5.20 million shares.

Stock performance in the last month – up 7.49%; previous three-month period – up 14.52%; past twelve-month period – up 21.42%; and year-to-date – up 3.63%

After yesterday's close, Chevron's market cap was at $245.79 billion.

Price to Earnings (P/E) ratio was at 30.39.

The stock has a dividend yield of 3.45%.

The stock is part of the Basic Materials sector, categorized under the Major Integrated Oil & Gas industry.


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SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (May 16, 2018 - 7:30 AM EDT)

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