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Data last updated: Aug 17, 2026
Snapshot (as of Aug 17, 2026): Chevron Corporation (CVX) pays a $6.98 annual dividend ($1.78 quarterly), yielding 3.45% at $202.25/share. Next ex-dividend date 2026-08-19. 45 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.45%
Annual Dividend: $6.98 per share
Payout Ratio: 84.4%
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 income payers, built on a global business spanning crude oil exploration, LNG processing, refining, and petrochemicals. CVX currently yields 3.49%, with a trailing annual dividend rate of $6.98 per share paid quarterly. The next ex-dividend date is August 19, 2026. With a beta of 0.488, CVX stock moves at roughly half the volatility of the broader market, which suits income-focused investors who prioritize steadiness over aggressive growth.
Chevron Corporation pays out 84.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by a business with demand across multiple segments, from upstream crude oil and LNG production to downstream refining and petrochemical manufacturing, giving CVX revenue exposure across the full energy value chain. Chevron Corporation dividend safety faces its clearest pressure from that payout ratio itself: at 84.4%, there is limited room to absorb an earnings decline without straining the dividend.
Over the past 14 years, Chevron Corporation dividend history shows a CAGR of 5.8% per year from 2011 to 2025. Per-share payments grew from $3.09 to $6.84 over that period (2026 is a partial year and excluded from this calculation). The smallest annual increase in the window was 0.2% in 2016, which shows that growth has not always been meaningful in dollar terms even when the streak remained intact.
| 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 yield above the market average paired with a long, unbroken increase streak. The current yield of 3.49% sits in the moderate (2-4%) range and runs above the 5-year average of 3.04%, meaning today's entry point offers more income than the historical norm. Chevron Corporation is a Dividend Aristocrat with 45 consecutive years of dividend increases, a streak that spans multiple energy cycles. The trade-off is a payout ratio of 84.4%, which leaves little cushion if earnings compress. What an investor gets is a proven income payer with above-average historical yield; what they accept is limited financial flexibility at the current payout level.
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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