💰 What is CVX's current dividend yield and growth outlook?

**Chevron's (CVX) current dividend yield is 4.47% as of August 8, 2025**, and it has a strong growth outlook supported by several key factors:

1. **Consistent Dividend Growth**: Chevron has increased its dividend for 38 consecutive years, qualifying it as a Dividend Aristocrat and Dividend Champion. This track record demonstrates the company's commitment to returning value to shareholders.
2. **Recent Dividend Performance**: Chevron recently announced a quarterly dividend of $1.71 per share, payable on September 10, 2025, and an ex-dividend date of August 19, 2025. This reflects the company's ongoing commitment to dividend payments.
3. **Dividend Yield Comparison**: Chevron's dividend yield of 4.47% as of August 8, 2025, is significantly higher than the S&P 500 average of 2.40%, making it an attractive option for income-focused investors.

|code|Ticker|Name|Date|Payout Ratio|Dividend Yield (TTM)|market_code|
|---|---|---|---|---|---|---|
|CVX|CVX.N|Chevron|20240811|10.03225592231589||169|
|CVX|CVX.N|Chevron|20240812|10.03225592231589|4.408565025513722|169|
|CVX|CVX.N|Chevron|20240813||4.435172389871661|169|
|CVX|CVX.N|Chevron|20240814|10.03225592231589|4.419230662887952|169|
|CVX|CVX.N|Chevron|20240815|10.03225592231589|4.355109673024523|169|
|CVX|CVX.N|Chevron|20240816|10.03225592231589|4.341210701432742|169|
|CVX|CVX.N|Chevron|20240817|10.03225592231589||169|
|CVX|CVX.N|Chevron|20240818|10.03225592231589||169|
|CVX|CVX.N|Chevron|20240819|10.03225592231589|4.414394878430838|169|
|CVX|CVX.N|Chevron|20240820|10.03225592231589|4.479684843458428|169|

4. **Growth Outlook**: Chevron's dividend growth rate has been positive, with an annual growth rate of 6.20% over the past five years. This growth is supported by the company's strong free cash flow and commitment to shareholder returns.

5. **Financial Stability**: Chevron's financial stability is evident from its free cash flow of $4.9 billion as of Q2 2025 and a recent increase in free cash flow by 113% year-over-year. This financial flexibility allows the company to sustain and grow its dividend payouts.

|code|Ticker|Name|Date|Free Cash Flow|Free Cash Flow YoY|market_code|
|---|---|---|---|---|---|---|
|CVX|CVX.N|Chevron|2024 Q3|2.0689000693E10|-16.988321424009307|169|
|CVX|CVX.N|Chevron|2024 Q4|2.5099989162E10|-16.813096751417643|169|
|CVX|CVX.N|Chevron|2025 Q1|8.403997316E9|-33.306906226164756|169|
|CVX|CVX.N|Chevron|2025 Q2|1.233299552E10|-30.065209847486663|169|

6. **Strategic Priorities**: Chevron's strategic acquisitions, such as the completion of the $53 billion acquisition of Hess, are expected to enhance its upstream operations and contribute to future dividend growth. This acquisition provides access to the Stabroek block in Guyana, which is expected to bolster Chevron's production and free cash flow.
7. **Industry Position**: As a leading integrated energy company, Chevron benefits from its diversified operations across exploration, production, and refining, which provide resilience against market volatility. This diversified business model supports the company's ability to generate earnings and cash flow to sustain and grow its dividend payouts.

In conclusion, Chevron's current dividend yield is attractive, and its strong growth outlook is supported by consistent dividend increases, positive financial performance, strategic acquisitions, and a solid business model. These factors make Chevron a reliable dividend investment, appealing to income-focused investors seeking stability and growth.