Chevron Corporation

CVX
EnergyDividend Aristocrat
$171.06
4.08%Overvalued

Chevron Corporation (CVX) is a Energy company that currently yields 4.08% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $105.24 and the overvaluation threshold at $176.19. Chevron Corporation holds a quality score of 40/100 (Average), reflecting 25 consecutive years of dividend growth with a 120% payout ratio. The 5-year dividend CAGR stands at 5.8%.

CVX Dividend Yield History — Weiss Valuation

Underval. $105.24Overval. $176.19

Distance to undervalued

Entry price is stretched

Needs 38.5% downside to reach the Weiss buy zone

Undervaluation starts near $105.24, where the annual dividend would imply roughly 6.63% yield. That is 2.55% above today's yield.

Buy-zone price

$105.24

Target yield

6.63%

Research checklist

What to clear before buying the yield

Updated Jun 29, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

120%

Coverage deserves a closer look in filings.

Cash payout

120%

Confirm cash conversion and one-off effects.

Dividend growth

5.8%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-06-282026-06-29

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Chevron Corporation is trading near its historical overvaluation band.

Current yield 4.1% vs historical max 7.0% (58% of maximum).

14 consecutive years without a dividend cut.

Elevated payout ratio of 120%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 40/100 quality score says the headline yield needs extra skepticism.

The earnings payout ratio is above 100%, so coverage is the first risk to unpack.

CVX Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$432

Year 10 Income

$1,157

Yield on Cost

12.4%

Total Income

$7,298

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

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Moat rating & analyst fair value

Morningstar ↗

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CVX Dividend Quality Score

Quality Score

40/ 100

Average

Payout Ratio0/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History5/15
FCF Coverage0/15

Key Metrics

Current Price$171.06
Annual Dividend$6.98
Current Yield4.08%
Yield — Max (10Y)7.03%
Yield — Min (10Y)4.12%
Undervalued Below$105.24
Overvalued Above$176.19
Payout Ratio120.38%
CAGR Dividend 5Y5.8%
CAGR Dividend 10Y4.8%
Years No Cut14y

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25
consecutive years of dividend growth
CVX Dividend Analysis — Chevron Corporation | DividendVisual