Boston, MA 08/15/2014 (wallstreetpr) – Chevron Corporation (NYSE:CVX) will start trading the ex-dividend on August 15, 2014. The U.S. based company that provides management, administrative, financial as well as technological support, has decided to pay a cash dividend of $1.07 per share to its shareholders on September 10, 2014.
Dividend up by 7% than last year:
The shareholders who purchased the company’s stock before the ex-dividend date will be eligible to receive a cash dividend payment. The dividend amount signifies a rise of 7% compared to the dividend offered a year ago in the same period. The company is a part of Energy Sector that includes companies such as BP PLC, Exxon Mobil Corporation.
Shareholder derivative action notice:
A notice related to a proposed voluntary dismissal of shareholder derivative action is being issued pursuant to an order of the district court of the U.S. for the northern district of California. The prime intention of the notice is to advise the shareholders of Chevron Corporation (NYSE:CVX) that applicant, Stephen Bushansky, wants to voluntarily release the case. The plaintiff, on March 30, 2012 registered a supposed shareholder derivative company with the united state district court against the members of the company’s board of directors. The complaint was filed in sought of a relief on behalf of the company, the nominal defendant.
A brief of 2Q:
Chevron Corporation (NYSE:CVX)’s released financial earnings at the beginning of August have an enormous impact on the declared quarterly dividend. The company maintained a steady increase in the financial result. In 2013, CVX generated earnings of $5.4 billion, which could move only a bit to $5.7 billion this year. The sales and operating revenues in the quarter increased only $1 billion from the last year’s figures. 2Q witnessed sales and operating revenue of $56 billion in 2014.