How Safe Is Chevron's Dividend?
Chevron (NYSE: CVX) is one of the largest oil and gas companies in the world, and it has grown substantially over the course of its long history. All energy companies are susceptible to the ups and downs of the oil market, and recent poor performance in crude has knocked many industry stocks for a loop. Chevron hasn't taken that big of a share-price hit, but its earnings have fallen enough to make some nervous about the sustainability of its lucrative dividend yield. Given its track record as a dividend stalwart, Chevron's dividend is relatively safe, but investors are right that the stresses on its payout policy are greater than usual.
Current Quarterly Dividend Per Share
Source: Fool.com
Chevron Corp. Stock
€148.30
-0.960%
With 26 Buy predictions and not a single Sell prediction Chevron Corp. is an absolute favorite of our community.
With a target price of 179 € there is a positive potential of 20.7% for Chevron Corp. compared to the current price of 148.3 €.
