10-28-2021, 09:53 AM
(10-28-2021, 08:31 AM)EricL Wrote:The way they were basically borrowing money to pay the div for numerous quarters it is a victory at this point.(10-27-2021, 06:05 PM)fenders53 Wrote:(10-27-2021, 02:37 PM)EricL Wrote: There it is, XOM keeps the streak alive.I'm just a little bit embarrassed you are celebrating that raise. They should have just mailed shareholders a Dividend Aristocrat Christmas card and put a shiny new quarter in it.
Exxon Mobil (NYSE:XOM) declares $0.88/share quarterly dividend, 1.1% increase from prior dividend of $0.87.
Forward yield 5.47%
Payable Dec. 10; for shareholders of record Nov. 12; ex-div Nov. 10.
Considering the market consensus was that XOM was going to be forced to cut it, I consider it something worth celebrating.
I bought shares with a near 10% yield last March, any increase on that YOC is welcome!
I have a feeling a more meaningful increase will be coming in 2022.