SLIDESHOW: Top 10 Best Cheap Dividend Stocks
By Dividend Channel Staff, updated Thu, April 18, 6:18 PM
This Slide: #1 of 10 |
#10. Chevron
Trading Symbol
CVX
Recent Price
157.57
Dividend Yield
4.14%
TTM Earnings
13.13
PE Ratio (TTM)
12.0
Market Cap
292.6B
#10. Chevron
Trading Symbol
CVX
Recent Price
157.57
Dividend Yield
4.14%
TTM Earnings
13.13
PE Ratio (TTM)
12.0
Market Cap
292.6B
Chevron is engaged in energy and chemicals operations. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by primary international oil export pipelines; transporting, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of refining crude oil into petroleum products; marketing of crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products; and others. More details about Chevron at: http://www.chevron.com.
View CVX's Dividend History » ETFs holding CVX »
Should Chevron shares be counted among the Top 10 Best Cheap Dividend Stocks label? To start, we see that the recent trading price for CVX stock is $157.57 and the dividend yield is 4.14% (as of 4/18/2024). The most recent quarter's (MRQ) earnings result, annualized, was $13.8/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Chevron produced $13.13/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $13.08/share. Comparing the current indicated annual dividend rate of $6.52 against that median result, we calculate a dividend payout ratio of 49.8%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 12.0 for the TTM Median method, 11.4 for price to earnings using MRQ annualized, and 12.0 for current price/TTM earnings. Based on CVX's history, that recent TTM PE is low relative to the historical average, with the recent PE 51.6% lower than the average (TTM method) of 24.8.
Should Chevron shares be counted among the Top 10 Best Cheap Dividend Stocks label? To start, we see that the recent trading price for CVX stock is $157.57 and the dividend yield is 4.14% (as of 4/18/2024). The most recent quarter's (MRQ) earnings result, annualized, was $13.8/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Chevron produced $13.13/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $13.08/share. Comparing the current indicated annual dividend rate of $6.52 against that median result, we calculate a dividend payout ratio of 49.8%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 12.0 for the TTM Median method, 11.4 for price to earnings using MRQ annualized, and 12.0 for current price/TTM earnings. Based on CVX's history, that recent TTM PE is low relative to the historical average, with the recent PE 51.6% lower than the average (TTM method) of 24.8.
CVX Next Dividend Date » (Projection based upon history) CVX Dividend Growth Rate » Quotes delayed 20 minutes |
Strong Buy (3.52 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CVX Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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