Is Chevron A Top Dividend Aristocrat Stock Going Forward?


  • Chevron Corporation recently increased its quarterly dividend payout by +6%, and CVX’s dividends should continue to grow going forward, considering management intent and its free cash flow outlook.
  • CVX currently offers a reasonably attractive consensus forward FY 2023 dividend yield of 3.2%, which is higher than the yields offered by the majority of dividend aristocrats.
  • I rate Chevron’s shares as a Buy, as I deem it to be a top dividend aristocrat stock.

Chevron Profit Quadruples In First Quarter Of 2022

Justin Sullivan

Elevator Pitch

I continue to have a Buy rating assigned to Chevron Corporation’s (NYSE:CVX) shares.

In my earlier update for Chevron Corporation published on October 10, 2022, I upgraded CVX’s investment rating to a Buy on expectations that the company

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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