Passive Income Play: Own This Many Chevron Shares for $1,000 a Year
Chevron boasts an impressive track record of rewarding shareholders with a growing dividend payout.
Overview
If you're looking to generate passive income from your investment portfolio, dividend stocks can do a lot of the heavy lifting. Chevron (NYSE: CVX) has an extended history of rewarding income investors with dependable cash payments, even while operating in the often unpredictable oil and gas market.
With its stock yielding 3.67%, generating about $1,000 a year in passive income would require roughly 144 shares, or an investment of about $27,248. Here's what makes Chevron worth adding to an income investor's portfolio.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.