Chevron Corp (CVX) had better-than-expected Q1 earnings and cash flow from operations over last year's Q1 results. This makes its 3.78% dividend and 5.5% buyback yields attractive to value investors. As a result, shorting out-of-the-money (OTM) put options for income continues to be popular as well with investors.
On April 28, Chevron reported that its adjusted earnings per share (EPS) was $3.55 for Q1, compared to $3.36 last year. Moreover, this was higher by 14 cents than analysts' expectations, according to Seeking Alpha.
