California-based US major Chevron announced a 1¢ increase in its quarterly dividend on Wednesday, extending a track record of growth in its annual payout to shareholders to a 29th straight year. Chevron said its board of directors declared a quarterly dividend of $1.08 per share, which will be payable on Dec. 12 to holders of its common stock registered with the company at the close of business on Nov. 18.
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