Chevron to Pay US$1.78 Dividend on September 10

Chevron Corporation (NYSE:CVX) will soon pay out a dividend of US$1.78 per share to its shareholders.

The ex-dividend date is set for August 19, which means investors can purchase Chevron's shares before this date to be eligible for the dividend, which will be paid on September 10.

Chevron's trailing yield is 3.6% based on the last year's worth of payments and the current stock price of US$197.70.

To determine if Chevron can afford its dividend, analysts consider both profits and cash flow. The company pays out an acceptable 67% of its profit, which is a common payout level among most companies.

Chevron's cash flows are even more important for assessing the dividend, as it paid out 51% of its free cash flow as dividends over the last year, within the usual range for most companies.