Dec. 22 at 2:12 AM
$CVX Chevron Could Raise Its Dividend Next Month - CVX Stock Looks Too Cheap. Chevron Corp (CVX) could raise its dividend per share (DPS) next month, as it has done for the past 38 years. That implies the value of CVX stock could be 15% too cheap, based on its average yield. CVX closed at
$147.75 on Friday, Dec. 19. It's well off a recent peak of
$157.72 on Oct. 31. But, if Chevron raises the DPS by 5% as expected in January, it could be worth
$170.27, or over 15% higher than Friday's close. the annual dividend per share (DPS) could rise from
$6.84 to
$7.18.