Monday, June 27, 2011

Chevron, symbol CVX

          Income investors have to find Chevron, symbol CVX an interesting study in dividend investing.  In January I profiled Chevron as one of my 52 dividend machines with some trepidation.  CVX's price of $92.37 was near its high and the dividend yield was only 3.08% which just met our criteria for a dividend machine.  See Original Post

          I need not have worried.  Last Friday, CVX closed at $97.90 well off its high but the dividend has increased enough that the current yield is 3.19%.   Moreover, opportunities to write covered calls provided additional income from this income machine.

         Dividends, capital appreciation and covered call income.  Income investors have to love this kind of investing. See additional post on CVX as a dividend machine

Very Truly Yours,


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