October 26, 2016 / 8:46 PM / 4 years ago

Chevron increases quarterly dividend by a penny

The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo

(Reuters) - Chevron Corp will increase its quarterly dividend by a penny, to $1.08, payable on Dec. 12 to shareholders of record on Nov. 18, the company said on Wednesday. Its shares rose 0.4 percent to close Wednesday trading at $101.19.

Reporting by Ernest Scheyder; Editing by Steve Orlofsky

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