The dividend increases keep rolling in! I don’t know about you, but my favorite part about being a DG investor besides collecting the dividends is receiving a pay raise!
Chevron announced yesterday a quarterly dividend increase of $0.07 from $1.00 to $1.07 per share that’s payable June 10, 2014 to holders of record as of May 19, 2014. This latest increase was 7%.
This will be the 27th straight year of dividend increases for CVX!
Shares are sitting near their 52-week highs along with other energy giants currently. My energy exposure is already fairly large so I don’t plan on adding to CVX anytime soon.
Since I own 78.18 shares, this will increase my yearly dividends by $21.89. This is the 19th stock in my portfolio to increase their dividend already this year.
You can find all of my dividend increase announcements here.