Another dividend raise. This time CVX, i love it when i give a company some of my money and they reward me for that trust, and this is one of those times.
Chevron Corp. CVX, -3.82% said late Wednesday its board of directors has authorized a dividend increase of more than 8% to $1.29 a share. The dividend is payable March 10 to shareholders of record as of Feb. 18. Shares of Chevron were flat in the extended session after ending the regular trading day down 0.7%. Chevron and Exxon Mobil Corp. XOM, -4.12% are slated to report fourth-quarter earnings before the bell on Friday amid concerns for reduced demand for oil. Read more Here.
Lots to love about this raise. Lots to love about any company that gives me money when i trust them with my money. These raises will eventually help put me on pace to be able to pay every bill and the ones i inherit, when i take over the house. I own 24 shares of CVX so that gives me a raise of $9.60 a year. I am making good progress, last year when the CVX raise was anounced it put me at around $25.00 dollars in raises this year i am way ahead of that.
This is also the 200th post since I have started posting which is another milestone.
Total for the year so far $78.43
Have you had any raises yet?
The portfolio page has been updated with these changes which you can see here.