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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)
  • 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
  • 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
  • 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
  • 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
  • Nice to see. A little bigger would have been nicer.
    26 Apr 2012, 05:24 AM Reply Like
  • 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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