Why NYSE:CVX is a Top Pick for Dividend Investors.

Our stock screener has spotted CHEVRON CORP (NYSE:CVX) as a good dividend stock with solid fundamentals. NYSE:CVX shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

How do we evaluate the Dividend for NYSE:CVX?

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:CVX was assigned a score of 8 for dividend:

• CVX has a Yearly Dividend Yield of 4.03%, which is a nice return.
• CVX's Dividend Yield is a higher than the industry average which is at 5.88.
• Compared to an average S&P500 Dividend Yield of 2.29, CVX pays a better dividend.
• The dividend of CVX is nicely growing with an annual growth rate of 6.07%!
• CVX has been paying a dividend for at least 10 years, so it has a reliable track record.
• CVX has not decreased their dividend for at least 10 years, which is a reliable track record.

Deciphering NYSE:CVX's Health Rating

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:CVX scores a 7 out of 10:

• CVX has an Altman-Z score of 3.85. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
• CVX has a better Altman-Z score (3.85) than 83.81% of its industry peers.
• The Debt to FCF ratio of CVX is 1.19, which is an excellent value as it means it would take CVX, only 1.19 years of fcf income to pay off all of its debts.
• The Debt to FCF ratio of CVX (1.19) is better than 84.29% of its industry peers.
• A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
• Looking at the Debt to Equity ratio, with a value of 0.13, CVX is in the better half of the industry, outperforming 76.67% of the companies in the same industry.

What does the Profitability looks like for NYSE:CVX

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:CVX has achieved a 5:

• CVX has a better Return On Assets (7.76%) than 60.95% of its industry peers.
• In the last couple of years the Profit Margin of CVX has grown nicely.
• In the last couple of years the Operating Margin of CVX has grown nicely.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Our latest full fundamental report of CVX contains the most current fundamental analsysis.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.