ExxonMobil Corporation to Issue Quarterly Dividend of $1.03 (NYSE:XOM)

ExxonMobil Corporation (NYSE:XOM) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 1.03 per share by the oil and gas company on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th.

ExxonMobil has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 42 consecutive years. ExxonMobil has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ExxonMobil to earn $10.39 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 39.7%.

ExxonMobil Trading Down 0.8%

XOM traded down $1.23 during trading on Friday, reaching $153.10. 15,451,997 shares of the company’s stock were exchanged, compared to its average volume of 21,799,531. ExxonMobil has a one year low of $101.18 and a one year high of $176.41. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $636.38 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.29. The firm has a fifty day moving average price of $154.98 and a two-hundred day moving average price of $134.93.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. As a group, equities research analysts forecast that ExxonMobil will post 11.18 earnings per share for the current fiscal year.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.