Chevron Corporation (CVX): An Undervalued Dividend Growth Star
by | Posted 7.19.2013 | Post Comment (No Comments)

Chevron Corporation (CVX), through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. This dividend champion has paid dividends since 1912 and increased distributions on its common stock for 26 years in a row.

The company’s last dividend increase was in April 2013 when the Board of Directors approved an 11.10% increase to $1/share. The strong dividend growth is an indication of management’s strong confidence of future cash flow generation. The company’s largest competitors include Exxon Mobil (XOM), British Petroleum (BP) and Royal Dutch (RDS.B).

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