Chevron Corp. (CVX) pays an annualized dividend per share of $6.84, so at today's price, CVX stock sports a 5.1 %+ annual dividend yield. Is that too cheap, especially since its average over the last 5 years is well below this?
CVX is at $133.28 in midday trading on Monday, April 21, well off a peak of $168.51 on April 1. In a March 4 Barchart article, I argued it was too cheap, and CVX stock rallied. But it's down again, and the same valuation method can be repeated.
