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Recent Articles
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Chevron Lacks Dividend Coverage with Traditional Free Cash Flow
Aug 26, 2024
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Image: Chevron’s shares have been choppy during the past few years.
During the second quarter, Chevron returned $6 billion in cash to shareholders, including $3 billion for each of dividends and share repurchases, and more than $50 billion during the past two years. The second quarter marked the ninth straight quarter of over $5 billion cash returned to shareholders. Chevron ended June with $4 billion in cash and cash equivalents and total debt of $23.2 billion. Through the first six months of the year, traditional free cash flow, as measured by cash flow from operations less all capex, was $5 billion, shy of the $6 billion it paid as dividends over the same time period. We prefer ExxonMobil, which has much better dividend coverage than Chevron.
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Latest Report Updates
Aug 25, 2024
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Check out the latest report updates on the site.
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Dividend Increases/Decreases for the Week of August 23
Aug 23, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Main Street’s Dividend Track Record Is a Sight to See
Aug 22, 2024
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Image: Main Street has never lowered its monthly dividend, and it has paid supplemental dividends to bolster its yield. Image Source: Main Street.
Main Street has never decreased its monthly dividend rate, with monthly dividends up more than 120% from $0.33 per share in the fourth quarter of 2007 to its declared dividends of $0.735 per share in the fourth quarter of this year. On a regular monthly dividend basis, shares of MAIN yield ~5.9%, but its supplemental dividends help to pad that annual rate. The company’s investment-grade credit ratings offer it the ability to take advantage of opportunities in the market, and we think shares are worth a look for the income investor.
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