Topic: How To Invest

Dividend Advisor Hotline – Thursday, April 18, 2019

Article Excerpt

CHEVRON CORP., $119.86, New York symbol CVX, is the second-largest integrated oil producer in the U.S. by revenue, after ExxonMobil (New York symbol XOM). The company raised its quarterly dividend by 6.2% with the March 2019 payment. Investors now receive $1.19 a share, up from $1.12. Chevron’s new annual rate of $4.76 yields 4.0%. The company has increased its dividend each year for the past 32 years. Chevron will now buy Anadarko Petroleum Corp. (New York symbol APC). That firm produces oil and natural gas in several U.S. states (Texas, Colorado, Wyoming and Utah) and at offshore wells in the Gulf of Mexico. It also has offshore operations near Colombia, Guyana and Peru and is the largest foreign oil producer operating in Algeria. The deal is worth $33 billion (75% in Chevron stock, 25% in cash). If you include Anadarko’s debt, the value of the purchase agreement rises to $50 billion. That’s equal to 22% of Chevron’s $229.3 billion market cap (the total…

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