6.1% Dividend Increase from Exxon Mobil (XOM)

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
Be sure and follow me on your favorite social media platform:
MoreDividendsdotcom on Facebook
@MoreDividends on Twitter
If you would like to receive an email whenever I publish a new article:
I truly wanted to jot down a simple comment so as to appreciate you for those unique items you are placing on this website. My time consuming internet search has now been rewarded with excellent know-how to talk about with my classmates and friends. I would say that we readers actually are unquestionably endowed to dwell in a notable website with many outstanding individuals with interesting tactics. I feel very fortunate to have discovered your entire weblog and look forward to some more fun moments reading here. Thank you again for everything.
Thank you for sharing this information! If you need some details about Airport Transfer than have a look here 71N
HRBS offers the Best EOR Services In Pakistan , managing hiring, payroll, and compliance so you can focus on growing your business. We help you expand quickly without setting up a local entity, ensuring smooth and efficient operations.