Chevron Corp (CVX) stock looks undervalued with its 4.73% dividend yield, compared to its 5-year average of 4.18%. Moreover, Chevron will raise the dividend in 2 quarters. That implies the price target for CVX is 15.8% higher at $167.46. This article will show why.
CVX is at $144.49 in midday trading on Monday, June 16. The dividend per share (DPS) is $1.71 per quarter, i.e., $6.84 annually, making its annualized yield equal to 4.73%.
