This Passive-Income Powerhouse Just Raised Its Dividend for the 37th Consecutive Year to an All-Time High

On Jan. 25, 2023, Chevron (CVX -1.96%) announced its 36th consecutive annual dividend raise when it boosted its dividend by 6%. Investors were hoping for another raise in the Feb. 2, 2024, fourth-quarter earnings release -- and they got just that.Chevron announced an 8% dividend raise lifting the payout to $1.63 per share per quarter -- or $6.52 per share per year.Here's a look at Chevron's history of dividends, why this raise is meaningful, and why the dividend stock is a good value. Big oil, big-time rais ...