3 Things You Need to Know About ExxonMobil's Dividend
ExxonMobil (NYSE: XOM) is one of the world's top dividend payers. Its $14.9 billion ranked third worldwide in dividend payments last year, only trailing tech giants and Apple. The big oil company could pay even more in dividends this year. It's off to a great start, doling out $3.8 billion in dividends during the first quarter.
The dividend is one of ExxonMobil's top priorities. The company's management team discussed on its recent first-quarter earnings conference call how it views the payout. The team highlighted three things investors need to know about the company's dividend.
On the call, Exxon's CFO, Kathy Mikells, noted that Exxon continues to have a very consistent approach to capital allocation: "First and foremost, we want to make sure we are making investments in this business that ultimately drive the long-term earnings and cash flow growth that create the virtual cycle of us being able to enhance shareholder returns and return cash to shareholders via dividends as well as a more consistent share repurchase program. That is job No. 1."
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 135 Buy predictions and 2 Sell predictions.
With a target price of 440 € there is a slightly positive potential of 4.59% for Microsoft Corp. compared to the current price of 420.7 €.
