Analyzing NYSE:CVX's Dividend Potential.

Last update: Aug 14, 2024

CHEVRON CORP (NYSE:CVX) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:CVX demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

Dividend Assessment of 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 7 out of 10:

With a Yearly Dividend Yield of 4.51%, CVX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.23, CVX pays a bit more dividend than its industry peers.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

A Closer Look at Health for NYSE:CVX

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 3.74. This indicates that CVX is financially healthy and has little risk of bankruptcy at the moment.
CVX's Altman-Z score of 3.74 is amongst the best of the industry. CVX outperforms 83.57% of its industry peers.
The Debt to FCF ratio of CVX is 1.28, which is an excellent value as it means it would take CVX, only 1.28 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.28, CVX belongs to the best of the industry, outperforming 84.06% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that CVX is not too dependend on debt financing.
The Debt to Equity ratio of CVX (0.13) is better than 75.85% of its industry peers.

Profitability Assessment of NYSE:CVX

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:CVX has earned a 5 out of 10:

With a decent Return On Assets value of 7.18%, CVX is doing good in the industry, outperforming 60.39% of the companies in the same industry.
CVX's Profit Margin has improved in the last couple of years.
In the last couple of years the Operating Margin of CVX has grown nicely.

More Best Dividend stocks can be found in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of CVX

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.