When Does Exxon Pay Dividends?

When Does Exxon Pay Dividends?

ExxonMobil, the multinational oil and gas corporation, has been a popular investment choice for many investors, especially those seeking dividend income. However, investors may wonder when does Exxon pay dividends? In this article, we will explore the dividend payment schedule, dividend history, and investment considerations of Exxon.

Dividend Payment Schedule

Exxon pays dividends quarterly, which means that investors can expect to receive a dividend every three months. The company typically declares dividends in February, May, August, and November. The ex-dividend date, which is the date that determines whether a shareholder is eligible to receive the next dividend payment, is usually a few weeks before the payment date. The payment date is typically in March, June, September, and December.

Dividend History

Exxon has a long history of paying dividends and increasing them over time. The company has paid dividends for over 100 years and has increased its dividend for 38 consecutive years. In 2020, Exxon paid a quarterly dividend of $0.87 per share, which translates to an annual dividend yield of around 10%.

Investment Considerations

While Exxon's dividend history may be attractive to income-seeking investors, it is important to consider other factors before investing in the company. Firstly, Exxon operates in a volatile industry, and its financial performance is heavily dependent on the price of oil and gas. Therefore, investors should keep an eye on the energy market and the company's financials before making an investment decision.

Secondly, Exxon has been facing challenges in recent years, including declining profits and increasing debt levels. The company has also been criticized for its lack of focus on renewable energy and environmental concerns. These factors may impact the company's future growth potential and dividend payments.

Lastly, investors should consider their investment goals and risk tolerance before investing in Exxon. While the company may provide a steady stream of dividend income, it may not be suitable for investors seeking high growth potential or those with a low risk tolerance.

Conclusion

Exxon pays dividends quarterly, with a long history of increasing payouts. However, investors should consider the company's financial performance, industry volatility, and growth potential before making an investment decision. As with any investment, it is important to conduct thorough research and consider one's investment goals and risk tolerance.