Exxon Lifts Dividend to Keep Decades-Old ‘Aristocrat’ Status
- Oil giant has now raised payout for 39 years straight
- Increase demonstrates Exxon’s re-emerging financial strength
Photographer: Andrew Harrer/Bloomberg
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Exxon Mobil Corp. raised its quarterly dividend for the first time since early 2019 in a demonstration of its re-emerging financial strength and its commitment to S&P 500 Index’s third-largest shareholder payout.
Exxon will pay shareholders 88 cents a share during the current quarter, an increase of 1 cent, the Irving, Texas-based company said in a statement on Wednesday.