First rule of offering a dividend is having the means to pay it. That says it all.
Hopefully Chevron can maintain the dividend, but do remember when times get tough, it may be your own job as an employee that gets sacrificed.
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It's the only thing Chevron can do right.
The dividend is good for both maintaining the price of the stock and also for the company including employees and retirees, which include many shareholders, so what's the problem? It also keeps the "dividend aristocrat" status, which makes it attractive to prospective investors.
(thanks, moderators, for deleting this innocuous, harmless, inoffensive post before, you really are doing an effective job there, pal - LOL!)
Time will tell...
It works for now, but may hurt us in the long run.
From the selfish perspective I like it, I do have concerns about the re-invesment rate though.
I hope all turns out well though...
There's no problem, vek, until the dam breaks. When it does, more employees will pay the price with more layoffs to offset costs. The BOD prefers to keeping blowing up that dividend balloon and hoping to buy time for oil prices go up enough to keep the boat afloat. But if the tide remains low much longer, it's more employees who will have to hit the skids.
That dividend is what's keeping CVX stock price high. I like it.
True, that the dividend must be paid. The arrogance of JW and the Board of Directors in that they had to raise the dividend by 1 cent when already at $1.07, maintaining it is an albatross around the company's neck, and solely and exclusively for remaining known as a "Dividend Aristocrat".