Dividend Increase Announcement
On April 25th, Exxon Mobil announced a dividend increase of 6.5%. This will increase their dividend per quarter from $0.77 to $0.82. It is payable on June 11th for shareholders of record on May 14th. The new monthly dividend represents an annualized dividend amount of $3.28 per share as compared to the current annualized dividend amount of $3.08 per share.
Exxon Mobil Dividend Information
Annual Dividend: $3.28
Dividend Yield: 3.87%
Payout Ratio: 63.2%
Dividend Growth History: 35 years
Dividend Increase Effect On More Dividends
I currently am holding 20.369 shares of Exxon Mobil. With this 6.5% increase it will only add $4.07 to my Projected Annual Dividend Income.
WOW! This dividend increase surprised me. I was expecting this increase to raise the dividend to $0.079 or $0.80 so I am extremely surprised to see the dividend increased to $0.82. Exxon Mobil is one of my largest holdings so this is a well received dividend increase. Unfortunately, since it is one of my largest holdings I have not been able to buy more while the price was below my cost basis. I am going to keep my eye on Exxon Mobil and look for more opportunities to add to this position.
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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