6.1% Dividend Increase from Exxon Mobil (XOM)

ExxonMobil

Dividend Increase Announcement

On April 24th, Exxon Mobil announced a dividend increase of 6.1%. This will increase their dividend per quarter from $0.82 to $0.87. It is payable on June 10th for shareholders of record on May 13th. The new quarterly dividend represents an annualized dividend amount of $3.48 per share as compared to the current annualized dividend amount of $3.28 per share.

Exxon Mobil Dividend Information

Annual Dividend: $3.48
Dividend Yield: 4.26%
Dividend Growth History: 36 years

Dividend Increase Effect On More Dividends

I am currently holding 21.212 shares of Exxon Mobil. With this 6.1% increase, it will add $4.24 to my Projected Annual Dividend Income and thats not taking into account the compounding factor!

Conclusion

Exxon Mobil is one of my oldest positions. It has been great so far. My only regret is that I didn’t add more when the share price was so cheap. Unfortunately, I was already weighted kind of heavy with them at the time. Looking back now, I wish I would have went ahead and bought more and evened out the weighting later. Maybe I will get a chance in the future to correct this.



Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Exxon Mobil? What do you think of this dividend increase? Just let me know in the comments.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com





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