Exxon Keeps Dividend Steady

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ExxonMobil has chosen to pay a third-quarter dividend of $0.63 per share of common stock. The company paid the same amount last quarter, after raising the payout 10% from $0.57 a share.

Over the past 30 years, ExxonMobil's dividend payment has grown at an annual average rate of 6%. Exxon has increased its annual dividend payment to shareholders for 31 consecutive years. This latest payout annualizes to $2.52 and as of market close on July 30, when the company's stock price was $93.81, Exxon's dividend yields 2.7%. The amount will be payable on Sept. 10 to shareholders of record on Aug. 13. 

XOM Dividend Chart

XOM Dividend data by YCharts.

The article Exxon Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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