Exxon Mobil Seen Sharply Boosting Dividend

Posted by D4L | Thursday, April 19, 2012 | | 1 comments »

Exxon Mobil Corp. (XOM) is expected to next week unveil a higher-than-average dividend increase, pleasing investors who have long urged the company to bring its cash distribution closer to its oil-industry competitors.

Some analysts forecast Exxon will lift its quarterly dividend, currently at 47 cents per share, by between 10% and 33%. The move would bring the oil giant closer to rivals' cash distribution. Over the past three decades, company has opted for conservative, but steady dividend increases.

Source: Wall Street journal

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1 comments

  1. Financial analysis // April 21, 2012 at 2:05 PM

    Exxon had profit increase at Y2011 so that's normal. Question will it earn more/same at Y2012 - questionable.

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