Exxon Mobil raises dividend by a penny, to boost the implied yield to nearly 5.5%

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Published: Oct. 27, 2021 astatine 3:07 p.m. ET

Exxon Mobil Corp. said Wednesday it volition rise its quarterly dividend by a penny, to 88 cents a stock from 87 cents. The caller dividend volition beryllium payable Dec. 10 to shareholders of grounds connected Nov. 12. The banal slumped 2.5% successful day trading, amid a wide slump successful vigor stocks arsenic crude lipid futures shed 2.3%. Based connected existent banal prices, Exxon Mobil's caller yearly dividend complaint implies a dividend output of 5.48%, which compares with the output for the SPDR Energy Select Sector ETF of 3.75% and the implied output for the S&P 500 of 1.32%. Exxon Mobil's caller implied output would marque it the eighth-highest yielding banal in...

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