Chevron Corporation
CVX38 yrs growthEnergy · Stock · quarterly payer
Forward Yield
3.80%
Annual Dividend
$7.12
Payout Ratio
120%
5-Yr Growth
5.8%
Ex-Date
May 19, 2026
Frequency
Quarterly
Summary
As of July 2026, Chevron Corporation (CVX) yields 3.80% ($7.12 per share annually), with a blended fair-value estimate of $154.80 — -17% downside, so it screens as overvalued. Dividend safety grade: A (86/100). 38 years of dividend growth.
Is CVX a good dividend stock?
YesChevron Corporation (CVX) pays a quarterly dividend yielding 3.80% ($7.12/yr), with 38 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 38 consecutive years of growth
- Never cut its dividend on record
- Strong 5.8% 5-yr dividend growth
- 94% total price return over 5 years
- Top-tier dividend safety score
Risks
- Elevated payout ratio (120%)
Key Data
- Dividend Yield
- 3.80%
- Payout Ratio
- 120%
- Annual Dividend
- $7.12
- 5-Yr Avg Growth
- 5.8%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 38
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $377.8B
- P/E Ratio
- 32.7
- 5-Yr Total Return
- 94%
- 52-Week Range
- $146.49 – $214.71
- Dividend Safety
- A · 86/100
- Ever Cut?
- No
Frequently Asked Questions
CVX Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+16%
5 Years
+94%
52-Week Range
$146.49 – $214.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CVX worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Chevron Corporation is $154.80 per share, versus a market price of $187.38. That implies 17% of downside.
Fair Value
$154.80
Current Price
$187.38
Downside
-17%
Margin of Safety
-21%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 3.8% annual free-cash-flow growth. We model 0.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 0.5% stage-1 growth, 2.5% terminal growth, $5.73 EPS, $7.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CVX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $1.7800 | regular |
| Feb 17, 2026 | — | $1.7800 | regular |
| Nov 18, 2025 | — | $1.7100 | regular |
| Aug 19, 2025 | — | $1.7100 | regular |
| May 19, 2025 | — | $1.7100 | regular |
| Feb 14, 2025 | — | $1.7100 | regular |
| Nov 18, 2024 | — | $1.6300 | regular |
| Aug 19, 2024 | — | $1.6300 | regular |
| May 16, 2024 | — | $1.6300 | regular |
| Feb 15, 2024 | — | $1.6300 | regular |
| Nov 16, 2023 | — | $1.5100 | regular |
| Aug 17, 2023 | — | $1.5100 | regular |
| May 18, 2023 | — | $1.5100 | regular |
| Feb 15, 2023 | — | $1.5100 | regular |
Income Calculator
At $7.12 / yr per share
