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Data last updated: Oct 02, 2026
Snapshot (as of Oct 02, 2026): Chevron Corporation (CVX) pays a $7.05 annual dividend ($1.78 quarterly), yielding 3.41% at $206.95/share. Next ex-dividend date 2026-08-19. 45 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.41%
Annual Dividend: $7.05 per share
Payout Ratio: 67.3%
Ex-Dividend Date: 2026-08-19
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 payers, backed by integrated operations spanning crude oil exploration, LNG processing, refining, and petrochemicals. CVX currently yields 3.36%, with a trailing annual dividend rate of $7.05 per share paid quarterly. The next ex-dividend date is August 19, 2026. A beta of 0.491 makes this a lower-volatility energy stock, which suits income-focused investors who want sector exposure without sharp price swings.
Chevron Corporation pays out 67.3% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by a business model spanning both upstream production and downstream refining, giving CVX revenue exposure across multiple points in the oil and gas value chain. Chevron Corporation dividend safety faces its clearest pressure from commodity price cycles: when crude oil prices fall sharply, earnings compress and a 67.3% payout ratio leaves limited room before the dividend comes under strain.
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 window (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 0.2% in 2016, which shows that growth does not disappear in difficult years but can slow 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) |
CVX fits income-focused investors who want a moderate yield from a large integrated energy business with 20 consecutive years of dividend increases. The current yield of 3.36% sits above the 5-year average of 2.9%, meaning buyers today are locking in a historically above-average income rate. The trade-off is a payout ratio at the elevated (60–75%) range, which leaves less cushion than lower-payout peers during commodity downturns. Growth has averaged 5.8% annually, which is meaningful over time, but the 0.2% increase in 2016 shows that lean years can nearly stall progress. The stock offers real income with a growth component, at the cost of earnings sensitivity to oil and gas prices.
CVX is a Dividend Aristocrat with 45 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-19 | $1.7800 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $5.3400 |
| 2025 | $6.8400 |
| 2024 | $6.5200 |
| 2023 | $6.0400 |
| 2022 | $5.6800 |
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