Chevron announces $75 billion stock buyback, dividend increase

0
3

Chevron Corp. CVX said late Wednesday that its board has approved a dividend increase of 6% to $1.51 a share, payable March 10 to shareholders of record as of Feb. 16. The board also authorized a $75 billion share buyback authorization, which takes effect April 1 and does not have a fixed expiration date, Chevron said. Shares of Chevron rose 2.9% in the extended session Wednesday after ending the regular trading day down 1%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleTesla’s bitcoin holdings unchanged in the fourth quarter
Next articleOutside the Box: An absurd issue needs an absurd solution: Let’s mint a bazillion-dollar coin to end forever the Republicans’ farcical political theater over the debt ceiling

LEAVE A REPLY

Please enter your comment!
Please enter your name here