Buy Chevron for a Dividend Yield Over 4%

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Chevron Corporation (NYSE:CVX) were yielding above the 4% mark based on its quarterly dividend (annualized to $4.28) with CVX stock changing hands as low as $106.99 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return.

Collecting a yield above 4% would appear considerably attractive if that yield is sustainable. Chevron Corporation is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. According to the ETF Finder at ETF Channel, CVX makes up 13.58% of the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE), which was trading lower by about 0.2% on the day Thursday.

Source: InvestorPlace

Related Articles:
- Don't Forget: Buy And Hold Is Not Buy And Forget
- 5 Stocks With Strong Dividend Growth Metrics
- Are Defense Stocks Good Defensive Stocks?
- International Securities For A Diversified Income Portfolio
- 5 Dividend Stocks That Gave Me A 20%+ Annualized Return