Prediction: ExxonMobil Raises Its Dividend More Than Wall Street Expects
ExxonMobil's recent dividend boosts have been modest, but the oil major could surprise this year.
ExxonMobil, one of the world's largest oil companies, has a 43-year history of increasing its dividend payout. The company's next dividend lift is likely to arrive in October, as it has in previous years.
ExxonMobil's dividend increases have been consistent, with each of its 2023 through 2025 increases being $0.04 per share quarterly, according to Yahoo Finance. This consistency may have some on Wall Street expecting another increase of $0.03 to $0.04 a share.
ExxonMobil is also the second-largest dividend payer in the S&P 500, with a yield of 2.5%. The company has a reputation for steadily increasing its payouts, making it a true dividend stock.
Brief written by urgent.news from Motley Fool, Yahoo Finance — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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