How To Earn $1,000 Per Month From Exxon Mobil Stock
Portfolio Pulse from Shankar Iyer
Exxon Mobil Corp. (XOM) stock closed at $99.20, slightly up in extended trading on Dec. 13. Despite a year-to-date drop of 7.13%, the company maintains a strong market cap of $396.5 billion. Exxon declared a $0.91 per share dividend for Q3, up from $0.88 in 2022, with a total dividend expense of $11.1 billion for the first nine months of 2023. The article explains how an investment in Exxon could yield $1,000 per month in dividends, requiring an investment of approximately $330,579, based on the current dividend yield of 3.63%.
December 19, 2023 | 8:30 pm
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Exxon Mobil Corp. announced a Q3 dividend of $0.91 per share, indicating a stable dividend payout. The company's stock price has seen a year-to-date decline but remains strong in market capitalization.
The increase in dividend payout from $0.88 to $0.91 per share reflects positively on Exxon Mobil's commitment to returning value to shareholders. This could attract dividend investors and potentially have a positive impact on the stock price in the short term. However, the overall market conditions and oil prices will also play a significant role in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100