Burton A. Johnson

Why Exxon Should Significantly Increase its Dividend

You neglected to include the payout ratio, i.e., dividend/earnings, which is very important when analyzing dividend yield.

You also didn't mention that the governments where major foreign oil companies are located withhold 20% in taxes on dividends. If you yearn for a meloncholy and futile experience, try to get back that 20% that is withheld.

Finally, I can remember, and I'm not over 100 years old, when the U.S. Government tax on "unearned income," such as corporate
dividends, was 70%! Do you think the Obamistas haven't thought of that, which, after the Death Tax is the perfect envy tax.

Why not just make ALL dividends and interest tax exempt?

Burton A. Johnson, MD,JD
President
Burton A. Johnson Portfolio Management, Inc.