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Exxon (XOM +0.3%) will increase its quarterly dividend to $0.57/share from $0.47, the 30th...

Exxon (XOM +0.3%) will increase its quarterly dividend to $0.57/share from $0.47, the 30th consecutive year XOM has increased its payout to shareholders. The 21% hike, a departure from XOM's usual pattern of conservative but constant dividends, is a sign the world’s largest oil company is confident oil prices will remain high.
Comments (6)
  • bbro
    , contributor
    Comments (9729) | Send Message
     
    Exxon is loaded with cash...plus is it a statement that the world's economy
    is not going into a recession???...
    25 Apr 2012, 03:44 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (732) | Send Message
     
    A bit like Uncle Scrooge seeing the ghost of his parents and deciding to be a bit more generous.
    25 Apr 2012, 04:54 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Epic. Well at least they are giving us some of our money back that we spend on them at the pump. Or if they are giving us more dividends because we own shares they are rewarding us, for buying their stock, which is spending money on them, that we are getting back.....in a dividend raise.
    25 Apr 2012, 09:05 PM Reply Like
  • dbchambers
    , contributor
    Comments (228) | Send Message
     
    I will not complain ............XOM may change their mind ....... just keeping sending the DIVYs so I can reinvest, reinvest, reinvest ...............
    25 Apr 2012, 09:58 PM Reply Like
  • Lamborgarri
    , contributor
    Comments (28) | Send Message
     
    Nice to see. A little bigger would have been nicer.
    26 Apr 2012, 05:24 AM Reply Like
  • Joseph Poma
    , contributor
    Comments (437) | Send Message
     
    Turns out they may have just raised the dividend 21% to ease the pain of the earnings miss.
    26 Apr 2012, 10:25 AM Reply Like
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