I intend to buy this value dividend stock yielding 4.68% with 6.49% dividend CAGR. I'm surprised very few are talking about this stock (and other similar stocks) right now. Today, I'm excited to cover the oil (energy) sector, and Chevron (CVX) in particular.
#dividend #stock #investing

Timestamps:
0:00 INTRODUCTION: There is a category of dividend stocks that have gone on sale, but few are talking about them right now.
0:55 ENERGY COMPANIES (Big Oil) - Chevron (CVX) has trended down in share price.
1:14 SEGMENT 1: CHEVRON (CVX) QUICK STATISTICS
1:20 Chevron has trended down 18.9% from its 52-week high.
1:48 Forward PE is 13.42 this year and 11.49 next year (2025).
1:59 My aggregate portfolio dividend yield is 3.76%. (I want to increase my aggregate yield.)
2:45 CVX starting dividend yield is 4.68%, which is meaningful to me.
3:11 Their 5-year dividend CAGR is 6.49%, which is really strong.
4:00 Check out the pinned comment for my Patreon.
4:57 I was at Las Vegas last week, a fun trip update. (I'm tried, though.)
5:48 I met up with Ryne Williams in Las Vegas, friend and fellow dividend YouTuber!
6:34 SEGMENT 2: MY THOUGHTS ON CHEVRON (CVX) AND BIG OIL
6:50 Point 1: I like buying stocks I already own that are down in share price.
7:28 Point 2: It's difficult to analyze oil stocks.
7:52 I like to stick with the beset quality oil stocks. I like to buy when prices are down. (Preferably in a crisis.) I'm not seeing a crisis now.
8:47 I bought BP stock during the Pandemic for $16.70. (This was a stock in-crisis.)
9:23 Point 3: 2023 was a record year for oil super majors. 2024 is weaker, with the price of oil trending down.
10:21 CVX stock is trending down in lock-step with the price of oil, more or less.
11:06 Point 4: Energy only comprises 2.8% of the value of my portfolio. I could stand to add more (from an asset allocation standpoint).
11:28 Point 5: People hate this industry, so it tends to trade at lower PE, value levels.
14:01 Chevron Statistics (Annual Report): 3.1 million barrels per day (doesn't seem like an industry that is out-of-demand)
15:33 Point 6: Why Chevron? They had the lowest drawdown during the Pandemic. This is indicative of quality.
16:09 Point 7: They did not cut nor reduce their dividend during the Pandemic. (Others that I own did this.) CVX has 36 consecutive years of higher dividends.
16:34 Point 8: The starting dividend yield of 4.68% is enticing to me.
17:00 CVX ANNUAL REPORT STATISTICS
18:24 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long Chevron (CVX), BP (BP), Realty Income (O), Altria (MO), British American (BTI), and Starbucks (SBUX). I own these stocks in my personal dividend stock portfolio.

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