Q:

What are Chevron stock dividends?

A:

Quick Answer

Chevron stock dividends are cash payments made to shareholders of the company’s preferred stock. Chevron pays dividends on a quarterly basis, and its board of directors determines the dividend amount, according to the company’s website.

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Full Answer

Chevron does not have a formal dividend policy; however, the company has a long history of paying dividends to stockholders, explains Chevron.com. The board of directors considers several factors before declaring dividend payments. The directors take into account the future financial health of the company, current cash flows and balancing those cash flows. The directors also consider the needs of Chevron stockholders and their desire to receive larger than average dividend payments as compared with other companies within the industry.

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