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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