I
am not sure if this will be the last Dividend Machine I profile for the 2013
portfolio but it a stock I profile with great confidence. This will by the 20th Dividend
Machine profiled in 2013.
Chevron
is the best of breed in the energy space and my reasons for saying so include
their safety as measured by the balance sheet.
As you know I use D/E (debt to equity) equity to screen for safety. Even more compelling is that the yield,
currently above three percent, keeps up with the prices increases.
Chevron
is diversified. It owns and operates
businesses in every segment of the industry and qualifies as a good global
diversification for your portfolio as it does business all over the globe.
Chevron’s Dividend
Machine Fundamentals:
Today,
Chevron, symbol CVX is trading around $120.50; slightly off the 52 week high of
$127.83 and well above the 52 week low of $105.75. Chevron earns a mighty $12.22 per share
and pays out $4.00 per share per year for a yield of 3.31%. They have increased the dividend annually
for over a decade. Although this is huge
company, they carry a very low D/E ratio of .1277.
See
the table below for a snap shot of CVX’s Dividend Machine fundamentals.
Consider
CVX for the income producing portion of your investment portfolio.
The Money Madam
