Chevron Maintains Dividend
Chevron has elected not to adjust its dividend for the time being. The company declared its latest distribution, which is to be an even $1.00 per share paid on September 10 to shareholders of record as of August 19. That amount matches the firm's previous disbursement, which was paid in June. Prior to that, Chevron was less generous by a dime, handing out $0.90 per share.
The just-declared dividend annualizes to $4.00 per share. That yields 3.2% at Chevron's most recent closing stock price of $125.89.
The company is scheduled to discuss its Q2 earnings in a conference call on Friday at 11 a.m. Eastern time.
The article Chevron Maintains Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Chevron. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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