Chevron Corp. : A Dividend Contender with 24 Consecutive Years of Dividend Increases
Since dividends are paid out of earnings, a clear perspective of a company’s historical earnings growth record is a vital component of a dividend investor’s prudent due diligence process. The following graph plots Chevron Corp.’s earnings per share since 1993. A quick glance to the right of the graph shows that Chevron Corp. has increased earnings at a compounded rate of 10.8% (see purple circle on graph) per annum.
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