I came across the next 2014 Dividend Machine
consideration when I was catching up on my stock investment reading. I read a lot of articles about dividend
stocks. Sometimes I agree with them,
sometimes not. Often times I learn
something.
A number of articles have
been published about the energy sector.
Things are changing in that sector.
Chevron has been best of breed in the energy sector for some time and
many analysts try to analyze if Chevron (CVX) will continue to be a good
dividend investment.
This post applies
my Dividend Machine strategy to determine how to invest in Chevron.
Chevron
Current Value
Chevron’s stock price is under a little
pressure. Enough pressure that the dividend is
closing in on 3.5%. The yield using
Friday’s (1/17/2014) closing stock price of $119.29 is only 3.35%. To be included in the 2014 portfolio,
Chevron (CVX) needs to yield 3.5%. In
order to yield 3.5% at the current dividend level, you would have to buy CVX at
$114 or better.
Chevron
Dividend Machine Fundamentals
The table below presents Chevron’s Dividend Machine
bona fides. Like the two other stocks I
have under consideration, this stock is very close to being a perfect Dividend
Machine.
I am going to add CVX to my watch list. I am already long CVX at a much lower
basis. Here are the links to previous
posts on Chevron.
I also have sold
calls for additional income. When a
call comes up that I think is valuable, I will post it.
Consider Chevron (CVX) for the income producing
portion of your portfolio.
TheMoneyMadam
