News: Exxon Mobil Corporation (NYSE: XOM) is a well-known energy company with a rich history. As investors, understanding the company’s dividend payments is crucial. In this article, we’ll delve into the dividend details for 2024, including the record date, payment date, share price history, and more.
Dividend Yield and Annual Payout
1. Dividend Yield: As of now, Exxon Mobil’s dividend yield stands at 3.70%. This means that for every dollar invested in XOM shares, you can expect a return of approximately 3.70 cents annually in dividends.
2. Annual Dividend: The annual dividend per share is $3.80. This is the total amount paid out to shareholders over the course of a year.
Dividend Payment Schedule
1. Exxon Mobil pays dividends quarterly to its shareholders. The next dividend payment is scheduled for Monday, March 11, 2024. Shareholders will receive $0.95 per share on that date.
2. The most recent dividend payment occurred on Monday, December 11, 2023, where shareholders received the same amount of $0.95 per share.
Dividend Growth and Consistency
1. Track Record: Exxon Mobil has an impressive track record of raising its dividend for 41 consecutive years. This consistency reflects the company’s commitment to rewarding its shareholders.
2. Recent Increase: The most recent change in the dividend occurred on Friday, October 27, 2023, when the dividend was increased by $0.04.
Share Price History
While dividends are essential, investors also keep an eye on share prices. As of February 20, 2024, Exxon Mobil’s stock price is $102.75 per share. Remember that stock prices can fluctuate due to various market factors.
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About Exxon Mobil Corp :
Exxon Mobil Corporation (XOM) is one of the world’s largest publicly traded international oil and gas companies. Let’s explore some key details about this energy giant:
Who Is Exxon Mobil?
1. Overview: Exxon Mobil, commonly known as Exxon, is an American multinational oil and gas corporation. It is the largest direct descendant of John D. Rockefeller’s Standard Oil, a historical legacy that underscores its prominence in the industry.
2. Operations: As a vertically integrated company, ExxonMobil engages in various global operating divisions. These divisions contribute to approximately 3% of the world’s oil production and about 2% of the world’s total energy output.
Commitment to Sustainability and Innovation
1. Climate Solutions: ExxonMobil is committed to advancing climate solutions. Its scientists and engineers are at the forefront of research, developing technologies to reduce emissions while creating more efficient fuels. The company recognizes the universal need for energy and aims to meet it responsibly.
2. Materials for Modern Living: Beyond energy, ExxonMobil focuses on creating innovative solutions that make modern life possible. From lubricants to chemicals, their products play a crucial role in our daily lives.
Exxon Mobil’s dividend program remains robust, with a consistent track record of growth. As an investor, understanding these dividend details can help you make informed decisions. Keep an eye on the upcoming dividend payment on March 11, 2024, and consider the historical context when evaluating XOM as an investment option.
Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.
FAQs
Q: If I purchase shares after the record date, will I get the dividend?
A: No, you’ll only get the dividend if you own Exxon Mobil Corp shares on or before February 14, 2024, the record date.
Q: How frequently does Exxon Mobil Corp distribute dividends?
A: Exxon Mobil Corp usually gives out dividends every quarter.
Q: Is Exxon Mobil Corp making money?
A: Yes, as an international oil and gas company, Exxon Mobil Corp has a history of being profitable, but its success can fluctuate based on market situations.
