Looking at the universe of stocks we cover at Dividend Channel, on 5/16/24, Chevron Corporation (Symbol: CVX) will trade ex-dividend, for its quarterly dividend of $1.63, payable on 6/10/24. As a percentage of CVX’s recent stock price of $164.53, this dividend works out to approximately 0.99%, so look for shares of Chevron Corporation to trade 0.99% lower — all else being equal — when CVX shares open for trading on 5/16/24.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CVX is likely to continue, and whether the current estimated yield of 3.96% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of CVX shares, versus its 200 day moving average:
Looking at the chart above, CVX’s low point in its 52 week range is $139.62 per share, with $171.70 as the 52 week high point — that compares with a last trade of $164.62.
In Tuesday trading, Chevron Corporation shares are currently down about 0.8% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
