#7 - Chevron (NYSE:CVX)
When it comes to high-quality dividend stocks, the oil sector is a good place to look. And in that sector, Chevron Corp. (NYSE: CVX) is one of the top names to consider.
Chevron is an integrated oil producer, which means its business covers every aspect of the oil industry from exploration and drilling to refining and delivering the end product.
Oil prices are volatile, making oil stocks like Chevron poor choices as growth stocks for many investors. However, even when CVX stock lags the broader market, it delivers for shareholders in other ways.
In 2024, Chevron generated $15 billion in FCF. The company used that cash to reward shareholders in the form of share buybacks which it expects to increase by $10 billion by 2026, and a dividend that has increased for 36 consecutive years and has a yield of over 4.4%. Chevron has increased that dividend by 7.08% on average from 2022 through 2024.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
More- Current Price
- $158.59
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.13 (9.8% Upside)
Dividend stocks are often seen as conservative investments. However, since 1926, dividends have accounted for approximately 32% of the growth in the S&P 500. That means you could be leaving money on the table if you're avoiding dividend stocks.
There are many things to consider when you're looking at dividend stocks, and MarketBeat has an entire suite of tools that can help in your research.
MarketBeat provides a list of high-yield dividend stocks and top-rated dividend stocks that is continuously updated. You can also use our Dividend Screener to look for stocks that fit the specific criteria of your investment style. And if you already have a portfolio of dividend stocks, you may enjoy our free dividend calculator which shows how much income your dividend stock portfolio will generate over time.
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