Why NYSE:CVX provides a good dividend, while having solid fundamentals.

Discover CHEVRON CORP (NYSE:CVX)—a stock that our stock screener has recognized as a solid dividend pick with strong fundamentals. NYSE:CVX showcases decent financial health and profitability while providing a sustainable dividend. We'll explore the specifics further.

Dividend Analysis for NYSE:CVX

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NYSE:CVX earns a 8 out of 10:

• With a Yearly Dividend Yield of 4.17%, CVX is a good candidate for dividend investing.
• CVX's Dividend Yield is a higher than the industry average which is at 6.07.
• Compared to an average S&P500 Dividend Yield of 2.38, CVX pays a better dividend.
• On average, the dividend of CVX grows each year by 6.07%, which is quite nice.
• CVX has paid a dividend for at least 10 years, which is a reliable track record.
• CVX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Health Assessment of NYSE:CVX

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:CVX has achieved a 7 out of 10:

• CVX has an Altman-Z score of 3.88. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
• With an excellent Altman-Z score value of 3.88, CVX belongs to the best of the industry, outperforming 84.43% of the companies in the same industry.
• CVX has a debt to FCF ratio of 1.19. This is a very positive value and a sign of high solvency as it would only need 1.19 years to pay back of all of its debts.
• CVX's Debt to FCF ratio of 1.19 is amongst the best of the industry. CVX outperforms 84.43% of its industry peers.
• CVX has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
• CVX has a better Debt to Equity ratio (0.13) than 76.89% of its industry peers.

Understanding NYSE:CVX's Profitability

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:CVX, the assigned 5 is noteworthy for profitability:

• CVX has a better Return On Assets (7.76%) than 60.85% of its industry peers.
• CVX's Profit Margin has improved in the last couple of years.
• CVX's Operating Margin has improved in the last couple of years.

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Check the latest full fundamental report of CVX for a complete fundamental analysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.