Chevron Corp (CVX) stock is attractive to value buyers with its dividend yield of over 4.0% and the dividend covered by free cash flow. Moreover, existing investors can make extra income by selling short out-of-the-money (OTM) put options in nearby expiry periods.
As of morning trading on Monday, May 20, CVX stock is trading for $162.16 per share. With the company's new annual dividend per share (DPS) of $6.52 (i.e., $1.63 quarterly x 4), the dividend yield is 4.02% (i.e., $6.52/$162.16).
