Chevron Corporation
CVX38 yrs growthEnergy · Stock · quarterly payer
Forward Yield
3.36%
Annual Dividend
$7.12
Payout Ratio
67%
5-Yr Growth
5.8%
Ex-Date
Aug 19, 2026
Frequency
Quarterly
Summary
As of September 2026, Chevron Corporation (CVX) yields 3.36% ($7.12 per share annually), with a blended fair-value estimate of $124.69 — -38% downside, so it screens as overvalued. Dividend safety grade: A (95/100). 38 years of dividend growth.
Is CVX a good dividend stock?
YesChevron Corporation (CVX) pays a quarterly dividend yielding 3.36% ($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
- 3.36%
- 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
- 0.49
- Market Cap
- $414.5B
- P/E Ratio
- 20.4
- 5-Yr Total Return
- 99%
- 52-Week Range
- $146.49 – $214.71
- Dividend Safety
- A · 95/100
- Ever Cut?
- No
Frequently Asked Questions
CVX Price — Last 12 Months
Daily close
Price Return
1 Year
+30%
3 Years
+20%
5 Years
+99%
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?
Overvaluedhigh confidenceOur blended fair-value estimate for Chevron Corporation is $124.69 per share, versus a market price of $201.86. That implies 38% of downside.
Fair Value
$124.69
Current Price
$201.86
Downside
-38%
Margin of Safety
-62%
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.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.4% annual free-cash-flow growth. We model -2.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -2.5% stage-1 growth, 2.5% terminal growth, $10.50 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 |
|---|---|---|---|
| Aug 19, 2026 | — | $1.7800 | regular |
| 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 |
Income Calculator
At $7.12 / yr per share
