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Data last updated: Jul 04, 2026
Dividend Yield: 4.13%
Annual Dividend: $6.98 per share
Payout Ratio: 120.7%
Ex-Dividend Date: 2026-05-19
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 58
Chevron Corporation dividend investors are looking at one of the energy sector's most established income payers, built on a global business spanning crude oil exploration, LNG processing, refining, and petrochemicals. The current yield stands at 4.08%, with a trailing annual dividend rate of $6.98 per share paid quarterly. The next ex-dividend date is May 19, 2026. CVX carries a beta of 0.472, meaning its stock price moves at less than half the volatility of the broader market, which suits income-focused investors who prioritize price steadiness alongside yield. Chevron Corporation is a Dividend Aristocrat with 45 consecutive years of dividend increases.
Chevron Corporation pays out 120.7% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning current earnings alone do not fully cover the dividend, though CVX operates across both upstream production and downstream refining and petrochemicals, businesses that generate cash flows across different parts of the energy value chain. Chevron Corporation dividend safety is the central question here: the most significant pressure point is that a payout ratio above 120% leaves little room for earnings weakness without forcing a reassessment of the dividend level.
Chevron Corporation dividend history shows a CAGR of 5.8% per year from 2011 to 2025. The per-share annual dividend grew from $3.09 to $6.84 over that period (2026 data is partial and excluded from this calculation). The smallest annual increase in the window was 0.2% in 2016, a year that illustrates how CVX has maintained its increase streak even when growth slowed to nearly nothing.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.4% | $5.68 (2022) | $6.84 (2025) |
| 5-Year | +5.8% | $5.16 (2020) | $6.84 (2025) |
| 10-Year | +4.8% | $4.28 (2015) | $6.84 (2025) |
Chevron Corporation fits income-focused investors who want a high yield from an integrated energy business with a long history of uninterrupted dividend growth. The current yield of 4.08% sits above its 5-year average of 3.55%, a high (above 4%) classification that reflects meaningful income relative to CVX's own history. As a Dividend Aristocrat with 45 consecutive years of increases, the company has maintained its streak through multiple energy cycles. The trade-off is a payout ratio above 120%, which means the dividend is not fully covered by current earnings. Investors get above-average yield and a proven increase streak; they accept elevated payout pressure in return.
CVX is a Dividend Aristocrat with 45 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-19 | $1.7800 |
| 2026-02-17 | $1.7800 |
| 2025-11-18 | $1.7100 |
| 2025-08-19 | $1.7100 |
| 2025-05-19 | $1.7100 |
| 2025-02-14 | $1.7100 |
| 2024-11-18 | $1.6300 |
| 2024-08-19 | $1.6300 |
| 2024-05-16 | $1.6300 |
| 2024-02-15 | $1.6300 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.5600 |
| 2025 | $6.8400 |
| 2024 | $6.5200 |
| 2023 | $6.0400 |
| 2022 | $5.6800 |
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