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Higher pay for insiders at Exxon (XOM) and Chevron (CVX) should translate to higher pay for...

Higher pay for insiders at Exxon (XOM) and Chevron (CVX) should translate to higher pay for common shareholders, Jon Ogg writes as he predicts dividend hikes. CVX already enjoys a 3% yield and XOM pays 2.6%, so Ogg expects XOM to raise its dividend by a higher percentage than CVX. Both pay out a bit less than 30% of their expected forward earnings, so they can raise dividends handily if they choose.
Comments (4)
  • How does T-Rex deserve such a huge pay raise when the stock has done nothing for 5 years, production is down, and XOM pays the lowest dividend yield in its peer group?

     

    Instead, the money paid to T-Rex should have been combined with the over-the-top share buybacks to increase the dividend paid to ordinary shareholders. T-Rex's pay increase is just another example that XOM is being managed for the benefit of its executives instead of for the shareholders.
    15 Apr 2013, 10:20 AM Reply Like
  • Any idea when we should be expecting this raises? Long XOM & CVX
    15 Apr 2013, 11:19 AM Reply Like
  • If history is a guide, XOM should raise their dividend next week.
    15 Apr 2013, 11:36 AM Reply Like
  • Long XOM and CVX and excited about the raises.
    15 Apr 2013, 03:06 PM Reply Like
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