Balancing Dividends and Fundamentals: The Case of NYSE:CVX.

Last update: Nov 7, 2024

Consider CHEVRON CORP (NYSE:CVX) as a top pick for dividend investors, identified by our stock screening tool. NYSE:CVX shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

How We Gauge 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 7 for dividend:

With a Yearly Dividend Yield of 4.25%, CVX is a good candidate for dividend investing.
CVX's Dividend Yield is a higher than the industry average which is at 6.76.
CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
The dividend of CVX is nicely growing with an annual growth rate of 6.07%!
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 Analysis for NYSE:CVX

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:CVX has earned a 7 out of 10:

An Altman-Z score of 3.87 indicates that CVX is not in any danger for bankruptcy at the moment.
The Altman-Z score of CVX (3.87) is better than 82.84% of its industry peers.
CVX has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
The Debt to FCF ratio of CVX (1.28) is better than 82.84% 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 Debt to Equity ratio of 0.13. This is in the better half of the industry: CVX outperforms 74.51% of its industry peers.

What does the Profitability looks like for NYSE:CVX

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:CVX, the assigned 5 is a significant indicator of profitability:

CVX has a better Return On Assets (7.18%) than 62.25% 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.

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 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.