By Colin KellaherChevron's board has raised the energy giant's quarterly dividend by 7.9%, to $1.63 from $1.51. The new payout, equal to $6.52 a year, represents an annual yield of about 4.41% based on Thursday's closing price of $147.89, up from 4.08%. The San Ramon, Calif., company, which in October had said it was planning the increase, on Friday said the dividend is payable March 11 to shareholders or record Feb. 16. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones Newswires02-02-24 0630ET

Source: Wall Street Journal February 02, 2024 12:45 UTC