This Dow Jones Stock Is a Genius Buy for Dividend Growth

This Dow Jones Stock Is a Genius Buy for Dividend Growth

Chevron is also one of only two oil companies that qualify as a Dividend Aristocrat, an S&P 500 member with at least 25 years of consecutive annual dividend increases. The oil giant should be able to continue growing its payout in the future. Add in its above-average yield -- Chevron's payout is currently at 3.1% while the S&P 500 is at 1.6% -- and it's a smart buy for those seeking a steadily growing passive income stream.