Exxon Mobil Raises Quarterly Dividend By 4% To $0.99/Share From $0.95 Prior
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil has announced a 4% increase in its quarterly dividend, raising it to $0.99 per share. This marks the 42nd consecutive year of annual dividend increases for the company, a feat achieved by less than 4% of S&P 500 companies.
November 01, 2024 | 10:31 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Exxon Mobil has increased its quarterly dividend by 4% to $0.99 per share, continuing its 42-year streak of annual dividend increases. This move highlights the company's financial stability and commitment to returning value to shareholders.
The increase in dividends is a positive signal to investors, indicating Exxon Mobil's strong financial health and commitment to shareholder returns. This is likely to boost investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100