As per Chevron Corporation (NYSE:CVX)’s news release on 2016-07-28, its shareholders will get cash dividend of $1.07 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-12, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Chevron Corporation (NYSE:CVX) disbursed $1.07 in dividend compared to distribution of $1.07, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 1.6627%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Chevron Corporation (NYSE:CVX) to attain a price target of $112. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $125. The low price range is set at $85 for next year while the arithmetic mean is seen at 1.81.
Eyeing Earnings Chevron Corporation (NYSE:CVX) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.62 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Chevron Corporation (NYSE:CVX) earnings came at $0.48 suggesting a deviation of $0.17. The brokerages targeted EPS of $0.31 for the quarter.
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