EX-Dividend Schedule: ExxonMobil Has Raised Dividend Consecutively for 35 Years; Will Trade Ex-Dividend on February 09, 2018
LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors has a free review on Exxon Mobil Corp. (NYSE: XOM) ("ExxonMobil") following the Company's announcement that it will begin trading ex-dividend on February 09, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on XOM:
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Dividend Declared
On January 31, 2018, ExxonMobil's Board of Directors declared a cash dividend of $0.77 per share on the Common Stock, payable on March 09, 2018 to shareholders of record of Common Stock at the close of business on February 12, 2018.
Exxon's indicated dividend represents a yield of 3.86%, which is substantially higher than the average dividend yield of 2.35% for the Basic Materials sector. Through its dividends, ExxonMobil has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 35 consecutive years.
Dividend Insight
ExxonMobil has a dividend payout ratio of 62.0%, which means that the Company spends approximately $0.62 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, ExxonMobil is forecasted to report earnings of $4.74 for the next year, which is substantially above the Company's annualized dividend of $3.08 per share.
For Q4 2017, ExxonMobil's cash flow from operations and asset sales was $33.2 billion for FY17, including proceeds associated with asset sales of $3.1 billion. ExxonMobil's cash flow from operations and asset sales exceeded dividends and net investments in FY17. As of December 31, 2017, ExxonMobil had cash and cash equivalents worth approximately $3.2 billion. The balance sheet remains strong and is well positioned over the long-term to sustain the dividend distribution.
Recent Development for Exxon
On February 02, 2018, ExxonMobil announced that Franklin, President of ExxonMobil Gas & Power Marketing Company, has communicated his intention to retire, effective March 01, 2018, after more than 35 years of service. Franklin, 60, was appointed President - ExxonMobil Gas & Power Marketing Company effective March 01, 2013 and elected as a Vice President of the Corporation on May 01, 2009.
ExxonMobil's Board has appointed Peter Clarke as the President of ExxonMobil Gas & Power Marketing Company and elected him as a Vice President of the Corporation. Clarke is currently Vice President - international gas, ExxonMobil Gas & Power Marketing Company, and lead country manager for ExxonMobil businesses in the U.K.
About Exxon Mobil Corp.
ExxonMobil explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The Company operates through Upstream, Downstream, and Chemical segments. ExxonMobil manufactures petroleum products and also produces and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products. The Company also transports and sells crude oil, natural gas, and petroleum products. ExxonMobil was founded in 1870 and is headquartered in Irving, Texas.
Stock Performance Snapshot
February 07, 2018 - At Wednesday's closing bell, ExxonMobil's stock declined 1.80%, ending the trading session at $76.94.
Volume traded for the day: 21.95 million shares, which was above the 3-month average volume of 11.73 million shares.
After yesterday's close, ExxonMobil's market cap was at $343.51 billion.
Price to Earnings (P/E) ratio was at 25.09.
The stock has a dividend yield of 4.00%.
The stock is part of the Basic Materials sector, categorized under the Major Integrated Oil & Gas industry.
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