1 Top High-Yield Dividend Stock to Buy and Hold Through at Least 2030

Core Viewpoint - Chevron has established itself as a leading dividend stock, having increased its dividend for 38 consecutive years, with a compound annual growth rate of 7% over the past 25 years and 5% over the last decade, despite oil price volatility [1][4]. Group 1: Dividend Growth and Financial Strength - Chevron anticipates over 10% annual growth in adjusted free cash flow and earnings per share through 2030, assuming Brent oil averages around $70 per barrel [4]. - Among the 100 largest companies in the S&P 500, only 35 expect to achieve more than 10% annual earnings per share and free cash flow growth through 2027, with Chevron being the only one in that group offering a dividend yield above 4% [5]. Group 2: Growth Drivers - Chevron's growth strategy is supported by a robust five-year plan, focusing on low-cost upstream oil and gas operations, and strategic acquisitions, including the recent acquisition of Hess [6][7]. - The company has multiple expansion projects underway, including the $6.8 billion Hammerhead project and the Longtail project expected to come online by 2030 [8].