Chevron Corporation

CVX
EnergyDividend Aristocrat
$204.66
3.44%Overvalued

Chevron Corporation (CVX) is a Energy company that currently yields 3.44% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $106.29 and the overvaluation threshold at $183.62. Chevron Corporation holds a quality score of 57/100 (Average), reflecting 25 consecutive years of dividend growth with a 67% payout ratio. The 5-year dividend CAGR stands at 5.8%.

CVX Dividend Yield History — Weiss Valuation

Underval. $106.29Overval. $183.62

Distance to undervalued

Entry price is stretched

Needs 48.1% downside to reach the Weiss buy zone

Undervaluation starts near $106.29, where the annual dividend would imply roughly 6.63% yield. That is 3.19% above today's yield.

Buy-zone price

$106.29

Target yield

6.63%

Research checklist

What to clear before buying the yield

Updated Oct 1, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

67%

Earnings coverage leaves room for noise.

Cash payout

64%

Free cash flow coverage supports the payment.

Dividend growth

5.8%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-09-30 → 2026-10-01

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 3.4% vs historical max 7.0% (49% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 67%.

What matters now

Read the signal before the headline yield

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

The 57/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

CVX Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$364

Year 10 Income

$908

Yield on Cost

9.63%

Total Income

$5,914

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

Track actual vs. projected

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CVX Dividend Quality Score

Quality Score

57/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History0/15
FCF Coverage10/15

Key Metrics

Current Price$204.66
Annual Dividend$7.05
Current Yield3.44%
Yield — Max (10Y)7.02%
Yield — Min (10Y)4.06%
Undervalued Below$106.29
Overvalued Above$183.62
Payout Ratio67.18%
CAGR Dividend 5Y5.8%
CAGR Dividend 10Y4.8%
Years No Cut14y

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25
consecutive years of dividend growth