Chevron's Decades-Long Dividend Streak Faces Uncertainty

Chevron (NYSE:CVX) has been paying dividends for nearly four decades, and investors are curious about its chances of keeping this streak alive. The company's last dividend payment was made in December 2022, and it is set to pay another one on June 12, 2023. Chevron's dividend yield stands at around 3.4% based on the current stock price.

The company's history of consistent dividend payments has been impressive, with a payout ratio of over 40% in recent years. This suggests that Chevron is committed to rewarding its shareholders with regular income. However, some investors may be concerned about the sustainability of this trend given the volatile nature of the energy market.