ExxonMobil Has Raised Its Dividend 43 Years in a Row. But the Raises Used to Be Bigger.
The streak is one of the most dependable in the market. The annual increase behind it is much smaller than it used to be.
ExxonMobil has raised its dividend for an impressive 44th consecutive year, but the recent increases have been modest, averaging about 4% per year. The current quarterly payout stands at $1.03 per share, or $4.12 per year, resulting in a dividend yield of approximately 2.5% at the stock's current price of around $163. This long-standing streak of dividend increases has made ExxonMobil a popular choice for investors seeking income, but the recent raises have been smaller compared to the past.
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