Chevron Corporation (CVX) To Go Ex-Dividend on May 19th

Chevron Corporation (NYSE:CVX) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of 1.78 per share by the oil and gas company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th.

Chevron has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 38 years. Chevron has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chevron to earn $13.09 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 54.4%.

Chevron Trading Up 2.3%

NYSE CVX opened at $190.91 on Friday. Chevron has a one year low of $133.77 and a one year high of $214.71. The company has a 50-day simple moving average of $193.14 and a 200-day simple moving average of $173.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a market capitalization of $380.22 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 0.65 and a beta of 0.51.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.18 EPS. On average, equities analysts forecast that Chevron will post 15.43 earnings per share for the current year.

About Chevron

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.