SmarterDividends
CVX

Chevron Corporation

CVX38 yrs growth

Energy · Oil & Gas Integrated · Stock · quarterly payer

$224.99

Overvalued · -51% Add to Portfolio

Forward Yield

3.16%

Annual Dividend

$7.12

Payout Ratio

67%

5-Yr Growth

5.8%

Ex-Date

Aug 19, 2026

Frequency

Quarterly

Key facts about CVX's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Chevron Corporation (CVX) has a forward dividend yield of 3.16%, based on an annual dividend of $7.12 per share and a share price of $224.99.
  • As of Oct 19, 2026, CVX's dividend safety grade from SmarterDividends is A (95 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Chevron Corporation (CVX) has raised its dividend for 38 consecutive years as of Oct 19, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • CVX has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CVX's most recent ex-dividend date was Aug 19, 2026, for a dividend of $1.78 per share.
  • As of Oct 19, 2026, CVX pays out 67% of its trailing 12-month earnings as dividends (its payout ratio).
  • CVX's dividend has grown at an average rate of 5.8% a year over the past five years.
  • As of Oct 19, 2026, CVX's 3.16% yield is 25% below its five-year average yield of 4.24%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for CVX is $111.37 per share, 51% below the $224.99 share price, so CVX screens as overvalued.
  • Chevron Corporation (CVX) pays its dividend quarterly, 4 times a year.
  • Chevron Corporation (CVX) has raised its regular dividend 39 times and cut it 0 times across the 198 payments on record since 1970. Its most recent change was a 4.1% increase to $1.78 per share, going ex-dividend on Feb 17, 2026.
  • Chevron (CVX) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 4.1%, was declared on Jan 30, 2026.
Cite this page

SmarterDividends, "CVX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/CVX

Summary

As of Oct 19, 2026, Chevron Corporation (CVX) yields 3.16% ($7.12 a year per share), has a dividend safety grade of A (95/100) and has 38 consecutive years of dividend increases on record.

Is CVX a good dividend stock?

Yes

Chevron Corporation (CVX) pays a quarterly dividend yielding 3.16% ($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
  • 99% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
3.16%
Payout Ratio
67%
Annual Dividend
$7.12
5-Yr Avg Growth
5.8%
Ex-Dividend Date
Aug 19, 2026
Years of Growth
38
Frequency
quarterly
Beta
0.52
Market Cap
$441.3B
P/E Ratio
21.7
5-Yr Total Return
99%
52-Week Range
$146.49 – $225.31
Dividend Safety
A · 95/100
Ever Cut?
No

CVX dividend raises and cuts

Chevron Corporation (CVX) has raised its regular dividend 39 times and cut it 0 times across the 198 payments on record since 1970. Its most recent change was a 4.1% increase to $1.78 per share, going ex-dividend on Feb 17, 2026.

Ex-dateChangeOld → newMove
Feb 17, 2026Raise$1.71 → $1.78+4.1%
Feb 14, 2025Raise$1.63 → $1.71+4.9%
Feb 15, 2024Raise$1.51 → $1.63+7.9%
Feb 15, 2023Raise$1.42 → $1.51+6.3%
Feb 15, 2022Raise$1.34 → $1.42+6.0%
May 18, 2021Raise$1.29 → $1.34+3.9%
Feb 14, 2020Raise$1.19 → $1.29+8.4%
Feb 14, 2019Raise$1.12 → $1.19+6.2%
Feb 15, 2018Raise$1.08 → $1.12+3.7%
Nov 16, 2016Raise$1.07 → $1.08+0.9%
May 15, 2014Raise$1.00 → $1.07+7.0%
May 15, 2013Raise$0.900 → $1.00+11.1%
Show all 39 changes since 1972
Ex-dateChangeOld → newMove
May 16, 2012Raise$0.810 → $0.900+11.1%
Nov 16, 2011Raise$0.780 → $0.810+3.8%
May 17, 2011Raise$0.720 → $0.780+8.3%
May 17, 2010Raise$0.680 → $0.720+5.9%
Aug 17, 2009Raise$0.650 → $0.680+4.6%
May 15, 2008Raise$0.580 → $0.650+12.1%
May 16, 2007Raise$0.520 → $0.580+11.5%
May 17, 2006Raise$0.450 → $0.520+15.6%
May 17, 2005Raise$0.400 → $0.450+12.5%
Aug 17, 2004Raise$0.365 → $0.400+9.6%
Aug 15, 2003Raise$0.350 → $0.365+4.3%
Nov 14, 2001Raise$0.325 → $0.350+7.7%
Nov 17, 1999Raise$0.305 → $0.325+6.6%
Feb 18, 1998Raise$0.290 → $0.305+5.2%
May 16, 1997Raise$0.270 → $0.290+7.4%
Aug 13, 1996Raise$0.250 → $0.270+8.0%
Aug 15, 1995Raise$0.231 → $0.250+8.2%
Feb 4, 1994Raise$0.219 → $0.231+5.7%
Feb 4, 1993Raise$0.206 → $0.219+6.1%
Apr 30, 1991Raise$0.194 → $0.206+6.5%
Jul 31, 1990Raise$0.175 → $0.194+10.7%
Jan 31, 1989Raise$0.163 → $0.175+7.7%
May 3, 1988Raise$0.150 → $0.163+8.3%
May 10, 1976Raise$0.0625 → $0.0688+10.0%
Feb 4, 1974Raise$0.0469 → $0.0625+33.3%
Feb 5, 1973Raise$0.0453 → $0.0469+3.4%
Feb 4, 1972Raise$0.0438 → $0.0453+3.6%
Every CVX payment →Download every raise and cut (CSV)
CVX ex-dividend date & scheduleNext ex-date Aug 19, 2026 · full ex-dividend historyView →CVX dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CVX a good dividend stock?

Yes. Chevron Corporation (CVX) pays a quarterly dividend yielding 3.16% ($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.

Is CVX undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CVX's fair value is about $111.37 versus a $224.99 share price — so it looks overvalued (-51% vs. fair value).

Is CVX's dividend safe?

CVX has a dividend-safety grade of A (95/100), based on its payout coverage, free-cash-flow, 38-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CVX's fair value?

Our blended fair-value estimate for CVX is about $111.37 per share, about 51% below the current $224.99 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CVX a buy, hold, or sell?

We don't issue formal ratings, but on the data CVX screens as "yes" and overvalued. Chevron Corporation (CVX) pays a quarterly dividend yielding 3.16% ($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. This is research for your own analysis, not investment advice.

Will CVX cut its dividend?

CVX earns a dividend-safety grade of A (95/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CVX pay a dividend?

Yes. Chevron Corporation pays a quarterly dividend of about $7.12 per share annually, a forward yield of roughly 3.16%.

What is CVX's dividend yield?

As of Oct 19, 2026, CVX's forward dividend yield is 3.16%, based on a $7.12 annual dividend and a $224.99 share price.

What is CVX's dividend per share?

As of Oct 19, 2026, CVX pays $7.12 per share per year, distributed on a quarterly basis.

What is CVX's dividend payout ratio?

As of Oct 19, 2026, CVX's payout ratio is 67% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has CVX grown its dividend?

As of Oct 19, 2026, CVX has increased its dividend for 38 consecutive years.

When is the next CVX ex-dividend date?

As of Oct 19, 2026, CVX's next ex-dividend date hasn't been announced. The most recent was Aug 19, 2026, for $1.78 per share.

Income Calculator

At $7.12 / yr per share

Per payment (quarterly)$178.00
Annual$712.00
Monthly avg$59.33

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