For Investors Only: XOM Could Increase Its Dividend Again

XOM just announced a 21% increase in its dividends. Some analysts suggest XOM could raise the dividend again before the year is over. Mature companies usually raise their dividends, at best, once a year. This would be quite out of the ordinary for a mature company like XOM to raise its dividend twice in one year.

Deutsche Bank opines that Exxon Mobil could further raise its dividend on top its 21 percent increase of earlier this week. The analyst at DB says that “If Exxon Mobil’s CEO [Rex Tillerson] stays true to his word… and keeps the yield competitive, there should be further dividend increases before next year. We believe shareholder pressure will remain high for this.”

Link is here.