This "Boring" Energy Stock Pays a 3.5% Dividend and Keeps Raising It
Chevron isn't an exciting stock, but it delivers dependable returns.
Overview
Chevron (NYSE: CVX), one of the world's largest integrated energy companies, is often considered a boring stock. It's not as exposed to the AI-driven energy boom as natural gas and nuclear companies, and it pays a lower dividend than many top midstream companies.
But over the past 30 years, Chevron has delivered a total return (including reinvested dividends) of 1,940%, beating the S&P 500's 1,890% return. It pays a forward yield of 3.5%, has raised its dividend annually for 39 consecutive years, and will become a Dividend King if it maintains that streak for 50 years. Its low trailing payout ratio of 67% gives it ample room for future hikes. Let's see why Chevron could still be a great income play for long-term investors.
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Originally published at www.fool.com.