Chevron Could Deliver A 20%+ Total Return This Year
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Over the past 10-years, Chevron (CVX) has almost doubled its annual dividend from $2.60/share to the current $5.16/share – making it one of the best dividend growth stocks in the energy sector. The last dividend increase in January of 2020 was 8%. The company will restrain capital spending this year to ~$14 billion, which is only 3.7% higher than last year’s $13.5 billion (excluding the Noble Energy acquisition) and a drastic reduction from the…
