Why ExxonMobil Corporation's Dividend Isn't Safe
ExxonMobil Corporation (NYSE: XOM) seems like it should be one of the best dividend stocks on the market. The company makes a commodity that isn't going to be replaced anytime soon and is one of the biggest names in energy today.
But peek under the hood of ExxonMobil's business and the picture gets dark pretty quickly. Oil's future is in question, the company isn't investing in its own production, and the dividend payout ratio is already at a troubling level. Here's why investors should be concerned about ExxonMobil's dividend in the long term.
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Source: Fool.com
Exxon Mobil Corp. Stock
€108.06
0.280%
The stock is an absolute favorite of our community with 32 Buy predictions and no Sell predictions.
With a target price of 124 € there is a slightly positive potential of 14.75% for Exxon Mobil Corp. compared to the current price of 108.06 €.
