XOM Dividends Get information about Exxon Mobil dividends and ex-dividend dates. I just read that Tanger Factory Outlets (SKT) is suspending dividends.That's after increasing the dividend in February 2020.This is what I obtained about the dividend from the company's press release: Tanger intends to pay the dividend of $0.3575 per share declared in January 2020 as scheduled on May 15, 2020 to holders of record on April 30, 2020. Will $50 Oil Keep the Bull Market Running in 2021? Exxon Mobil Corp. froze its dividend for the first time in 13 years as the lowest oil prices in a generation strain the company’s financial underpinnings. The company has grown its dividend for the last 13 consecutive years and is increasing its dividend by an average of 4.80% each year. The current RDS dividend rate was at 92% of the 2019 basic earnings per share. 42 companies suspended dividends; You can see the performance by sector broken out in the chart below: It is fascinating to look at how the S&P Dividend Aristocrats did in 2020. Fellow oil majors Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B), Total SA (NYSE:TOT), and Chevron (NYSE:CVX) have all released plans to sharply reduce 2020 capital spending in the wake of the oil price crash. If it comes out with anything less than a 20% reduction in capital spending, the market is likely to punish the stock. The Western Hemisphere’s largest oil company was slammed by Covid-19 lockdowns that obliterated energy demand and forced Exxon to scale back an ambitious investment program. Find quality, dividend-paying companies, invest in them and reinvest any dividends to accelerate returns. Yields Amid Georgia Run... Biggest Indian Lender to Power Firms Plans Retail Investor B... SoftBank Group Plans to Sell First Bond in More Than a Year. It has dropped 27% over the past month, generally in line with the broader market, and the yield on the fund has slipped to 2.6%. @themotleyfool #stocks $XOM $RDS.A $CVX $RDS.B $TOT, cutting an estimated $8 billion to $9 billion in capital and operating expenses. XOM Dividend History & Description — Exxon Mobil Corp. Exxon Mobil operates or markets products in United States and other countries through its divisions and affiliated companies. Have a confidential tip for our reporters? However, the company only brought in $29.7 billion in operating cash flow, $16.1 billion less than those two expense categories. Almost immediately, Exxon put out a press release vowing to look into "all appropriate steps to significantly reduce capital and operating expenses in the near term.". Bond Traders Lean Toward Higher U.S. So a 20% cut would be roughly $6 billion. Either way, ExxonMobil seems likely to continue to maintain its status as a Dividend Aristocrat, provided the current economic situation doesn't drag on for too many months. Speaking at ExxonMobil's annual investor day on March 5, CEO Darren Woods announced that the company would be "leaning into this market when others have pulled back," to the tune of $30 billion to $35 billion in annual spending. Returns as of 01/06/2021. Shell’s next scheduled dividend announcement is in early May. ExxonMobil has reliably increased its dividend for decades. Even if the company maintains quarterly payouts at the current level for the rest of 2020, the annual outlay will be $3.48 a share, or 1.5% above 2019. Well, Exxon spent $31.1 billion in capital and exploration in 2019, which was a 20% increase from 2018's $25.9 billion. Dividend Reinvestment: You may automatically reinvest all or part of your dividends in additional shares of ExxonMobil stock through the Computershare Investment Plan for ExxonMobil Common Stock. Profits will crash in 2020, putting the dividend at risk. The freeze may not derail Exxon’s multi decade streak of annual increases. Shell is cutting an estimated $8 billion to $9 billion in capital and operating expenses in 2020; Chevron similarly promised a $5 billion reduction in spending; Total is cutting $800 million. Together with the $31.1 billion in capital and exploration, that totaled $45.8 billion. On March 16, S&P Global downgraded Exxon's credit rating from AA+ to AA: still investment-grade, but a signal of the market's discomfort with the prospect of rising debt. Global Water Resources, a pure-play water resource management company, has declared, under its dividend policy, a monthly cash dividend in the amount of $0.02434 per common share, which will be payable on January 29, 2021 to holders of record at the close of business on January 15, 2021. Norway’s Equinor ASA became the first large oil company to cut dividends amid an historic, virus-drive market rout. The explorer slashed its 2020 capital budget by $10 billion to conserve cash, but in light of the continued deterioration in energy markets, it wasn’t enough to support higher payouts. Most analysts expected the world’s largest Western supermajors, including Exxon, to defend their dividend at almost any cost given how important the payouts are to North American investors. Coming to the dividend, it remains an integral part of Chevron’s plans. Updates with analyst’s comment in fifth paragraph. The dividend … That said, moves that placate the market -- which can pay off in the short term -- may not be the best long-term strategy, for Exxon right now or for companies in general. Exxon (NYSE:XOM) pays $3.48 per share in dividends to its shareholders. Commodities Billionaire Came Within Weeks of a Debt Crunch, NYSE’s Second-Guessing on China Delistings Sows Confusion. The next Exxon Mobil Corp. dividend is expected to go ex in 1 month and to be paid in 2 months. Exxon Mobil pays out 154.67% of its earnings out as a dividend. Find the latest dividend history for Exxon Mobil Corporation Common Stock (XOM) at Nasdaq.com. In early February, Barron’s wondered if Exxon Mobil would cut its dividend after raising it for 37 consecutive years. In contrast to European majors Royal Dutch Shell and BP, both of whom lowered their dividends… 13 Dividend Stocks That Have Paid Investors for 100+ Years Here are 13 dividend stocks that each boast a rich history of uninterrupted payouts to shareholders that stretch back at least a century. On the other hand, in the unlikely event the company surprises with, say, a spending cut of $10 billion (about 27%) or more, investors will probably send shares upward. Here's why Exxon's in a risky spot, and why that could cause problems for its dividend. Trump Launches Plan For Black America, With Some Holes However, Norway's Equinor – due to publish its quarterly financials on May 7 – cut its first-quarter dividend by 67% … Exxon is going to have to come clean about its specific 2020 spending plans -- and sooner rather than later. True, with such a high level, there is often a cut. “Dividends are a function of cash flow, and cash flows will undoubtedly come under intense pressure.” Before today, Exxon was the third-largest dividend payer in the S&P 500 Index behind Microsoft Corp. and AT&T Inc., according to data compiled by Bloomberg. Unlike rivals such as Royal Dutch Shell Plc and Total SA that are saving cash by crimping share buybacks, Exxon sacrificed those during the last crash in 2016. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.1. After trimming capital spending, Exxon had few levers left to pull to protect the dividend. But the company has … That almost certainly would have involved outspending the company's cash flow at times. In all likelihood, he's going to try to gauge exactly how much (or how little) he needs to cut to satisfy the market and announce only that much and nothing else. The company paid out $14.7 billion in dividends in 2019. Market data powered by FactSet and Web Financial Group. However, Exxon's current debt load of $45.3 billion, although record high for the company, equates to less than 1.1 times EBITDA, which is on the low end of its peer group (only Chevron's debt-to-EBITDA ratio of 0.9 is lower). “It’s definitely a sign of the times and to be expected given the price environment,” said Jennifer Rowland, an analyst at Edward D. Jones & Co. The company's current cash on hand of $3.1 billion won't be much help here. Personally, I would expect a dividend cut on Friday and quite possibly a round of layoffs. XOM's most recent quarterly dividend payment was made to shareholders of record on Thursday, December 10. So the dividend yield for XOM stock is 9.8%. The pace of the 2019 basic earnings per share in dividends to its shareholders earlier this year on. Current dividend yield of 8.5 % reduction in capital spending, Exxon had few levers left to to. 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