Chevron's Free Cash Flow Rises - An Expected Dividend Hike Could Push CVX 14% Higher
Chevron Corp (CVX) reported a 52% YoY gain in Q3 adjusted free cash flow (FCF), and a 14% adjusted FCF margin. That more than covered its dividend and buybacks. This implies that if Chevron raises its dividend by 5%, CVX stock may be worth 155.72. However, CVX is still well off its recent peak of 148.90 on Oct. 10. More News from Barchart CVX stock - ...