How to Earn $500 a Month From Chevron Stock
Chevron shares have soared this year, plus they pay a good dividend.
Overview
I recently wrote that Chevron (NYSE: CVX) is extremely well-positioned at the moment, given elevated oil prices, a global shortage of refining capacity, and the new deal that will allow U.S. companies to access Venezuelan oil.
I'm clearly not the only investor bullish on Chevron. The stock is up 41% year to date, far outperforming both the broader market, which is up 12% this year as measured by the S&P 500 (SNPINDEX: ^GSPC), and its biggest competitor, ExxonMobil, which is up 38%.
Details
But owning shares of Chevron brings another benefit: The company pays a quarterly dividend of $1.79 per share. That makes its annual per-share dividend $7.12 and its dividend yield 3.31%, based on the current share price of $215. That's a pretty good dividend yield for any stock.
Source
Originally published at www.fool.com.