Chevron Corp (CVX) stock has bottomed out. Investors expect the company will hike its dividend by at least 6% in January, giving it a 4.3% yield. Shorting OTM puts is also a good income play for shareholders.
In morning trading on Tuesday, Dec. 19, 2023, CVX stock is at $150.37. This is up from its recent low of $142.40 on Nov. 8. Moreover, the stock's chart clearly shows that it is on the upside curve of a U shape.
