#1 - Chevron (NYSE:CVX)
The energy sector is one place where investors can find high-yield dividend stocks. In terms of stock price appreciation, oil stocks like Chevron Corp. (NYSE: CVX) move with the price of oil. That's why many of these stocks have underperformed the market since 2023.
In addition to lower crude oil prices, Chevron is still in the process of finalizing its merger with Hess Corp. (NYSE: HES). That involves an arbitration hearing with Exxon Mobil Corp. (NYSE: XOM) regarding Hess’ Guyana assets.
But if you’re looking for high-yield dividend stocks a company like Chevron has a rock-solid balance sheet and rewards shareholders with a reliable and growing dividend. As of this writing, CVX stock had a yield of 4.39% and the company has increased its dividend for 37 consecutive years.
Furthermore, Chevron has delivered a total return of 98.4% over the last 10 years. That means a $5,000 investment in Chevron in 2014 with dividends reinvested is worth approximately $9,920 today.
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.
Read More - Current Price
- $161.30
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.93 (8.5% Upside)
