How To Earn $500 A Month From Chevron Stock After Q3 Earnings Report
Portfolio Pulse from Lisa Levin
Chevron Corp reported Q3 earnings with total revenues of $54.1 billion, beating the consensus of $51.44 billion, but an adjusted EPS of $3.05, missing the consensus of $3.75. The company offers an annual dividend yield of 4.18%, which is a quarterly dividend amount of $1.51 per share. To earn $500 per month from dividends alone, an investment of approximately $143,340 or around 993 shares is needed. Chevron's shares fell 6.7% to close at $144.35 on Friday.
October 30, 2023 | 12:22 pm
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Chevron's Q3 earnings beat revenue expectations but missed on EPS. The company offers a 4.18% annual dividend yield. To earn $500 per month from dividends, an investment of approximately $143,340 or around 993 shares is needed. Chevron's shares fell 6.7% to close at $144.35 on Friday.
Chevron's weaker-than-expected EPS for Q3 could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price. However, the company's strong dividend yield may attract income-focused investors, providing some level of support for the stock. The recent 6.7% drop in share price indicates a negative market reaction to the earnings report.
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