Chevron's $5K Passive Income Play Requires Thousands in Shares

Chevron's dividend has been a major draw for investors looking for passive income. The company's current annual dividend payout is $7.12, yielding around 3.4%. However, over the past five years, Chevron's dividend has averaged around 4%.

To achieve $5,000 in annual passive income from Chevron's dividend, an investor would need to own approximately 702.25 shares at a trading price of $208.60. This investment would cost nearly $146,500.

Chevron's history of increasing its annual dividend has earned the company a reputation as a reliable source of passive income. With 39 consecutive years of dividend increases under its belt, Chevron is well on its way to becoming a Dividend King, defined by companies with 50 or more consecutive years of dividend growth.