Chevron has raised its annual dividend for 28 straight years. With crude prices below $50 per barrel, will the company raise its payout again in 2016?
Chevron (NYSE: CVX) is in very select company when it comes to its dividend. The integrated supermajor has increased its annual payout for 28 straight years and has consistently paid an annual dividend every year since 1926. Chevron also raised its annual dividend last year, when Brent prices averaged just $52 per barrel, paying an annual dividend of $4.28 per share, versus $4.21 per share in 2014. Given the company's history, will Chevron raise the annual payout again this year?
This is a very good question ...
Source: The Motley Fool