Todd Shriber has been an InvestorPlace contributor since 2014. 97% of all stocks covered), Future Dividend Aristocrats: Close Contenders, Decades of Increasing Payments: 25 Popular Articles. Payable Sept. 11; for shareholders of record Aug. 14; ex-div Aug. 10. S.A.F.E. Payable June 10; for shareholders of record May 13; ex-div May 12. Biden or Trump win. 1-800-252-1800 (within the U.S. and Canada) 1-781-575-2058 (outside the U.S. and Canada) 1 Ex-dividend date is one business day before the record date. Based on the ex-dividend … My colleague has wondered the same thing. Second, rival BP (NYSE:BP), viewed as the architect of the oil supermajor structure, is slashing its payout. According to Bloomberg BDVD, the following S&P 500 names are seen hiking dividends next week: Avery Dennison (NYSE: Payable March 9; for shareholders of record Feb. 12; ex-div Feb. 9. However, management continues to cut costs and is on the right path, despite the painful environment it’s in right now.”. Can Buy Cheaper Than Insiders Did, 10 Metals Stocks Some big oil players have strong financial positions to support dividend payments. Exxon Mobil Stock Has a Fragile Dividend Consume enough news about Exxon these days and you’re bound to hear something about the dividend. As of Aug. 6, the stock yields 7.94%. 0.01 (-0.02%) Updated Aug 5 4:10pm. In February, Total gave dividend … He lives in Halifax, Nova Scotia. To keep paying the dividend when it doesn’t have much in the way of free cash flow means it’s got to add more debt to get them paid. “The current yield sits at 8% and while somewhat concerning, the company keeps on paying. As it is, Exxon already tossed 1 billion barrels off its balance sheet as a result of low prices. Sie können Ihre Einstellungen jederzeit ändern. The 8.7% dividend yield reeks of desperation. All rights reserved. Copyright © Dividends are paid to shareholders of record on the record date. 1125 N. Charles St, Baltimore, MD 21201. This is the first time since 2007 that the company has not increased the dividend in Q2, but Exxon could still maintain. All of those numbers are concerning. To me, Exxon Mobil’s 8.7% dividend yield reeks of desperation. You’ll get no argument from me over the decision. Get the latest Exxon Mobil Corporation (XOM) stock news and headlines to help you in your trading and investing decisions. Copyright © Like in the Dow, Broker Darlings: Top 15 Analyst Picks Reader Favorites And Rogues 8/8 To 9/7 Show 36 Dividend Dogs Ready To Adopt, Procter & Gamble Co: A Dividend Stock to Own Forever, Dividend Aristocrats See 6 Star September Selections, The Retirees' Dividend Portfolio: John And Jane's August Taxable Account Update, When Tech Stocks Fail You, Choose These 5 Undervalued, Low-Risk Dividend Aristocrats, My 1,000th Article: How Dividend Investing Has Worked For Me, Dividend Champion And Contender Highlights: Week Of September 6, 5 Safe And Cheap Dividend Stocks To Invest In (September 2020), Blue Chip DRiP Portfolio: August Dividends + Covered Call Income, 56 Kiplinger Outstanding Dividend Stocks For September, 36 Reliable Dividend Stocks For Retirees For September, Dividend Aristocrats Show Six Best Mid-August Selections, Pioneer's Variable Dividend Plan May Attract Investors Back To The Energy Patch, Reader Favorites And Rogues July 8 To August 7 Peg 30 Ripe Dividends For Picking, The Retirees' Dividend Portfolio: John And Jane's July Taxable Account Update. Second, Exxon’s debt increased to $10 billion in June quarter while the company generated just $1.5 billion in operating cash flow against negative free cash flow of $5.1 billion. As of this writing, he did not hold a position in any of the aforementioned securities. Payable Dec. 10; for shareholders of record Nov. 12; ex-div Nov. 8. Payable Sept. 10; for shareholders of record Aug. 13; ex-div Aug. 12. Shell’s next scheduled dividend announcement is in early May. It’s no wonder that some experts argue that oil demand will never again resemble 2019 levels, making Exxon and its ilk too risky for long-term investors. 1125 N. Charles St, Baltimore, MD 21201. Barron’s contributor Lawrence Strauss believed the company would raise its dividend for a 38th consecutive year.
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