lorddarley

Why Exxon Should Significantly Increase its Dividend

Baloney to paying dividends in a double tax environment. I would rather have the company pay one tax (at the corporate level) and redeem shares. Share redemption (i.e. fewer outstanding shares) is a big reason for Exxon holding its value in the recent crash.

For those who need income, sell some shares and pay your second tax. Management should not force shareholders who prefer to accumulate wealth to pay two taxes.