ExxonMobil:
- annual dividend: $3.52; yields 3.63%.
Now look at this, link here or here:
Exxon Mobil’s pledge to return approximately $30 billion via share repurchases and a nearly equivalent amount via dividends in 2022.
Let's do the math.
That statement clearly states $30 billion ... share repurchases and a nearly equivalent amount via dividends in 2022.
A nearly equivalent amount: that would be $30 billion.
First question: how many outstanding XOM shares? 4.21 billion shares outstanding.
The arithmetic isn't that difficult to do:
$30 billion / 4.21 billion shares = 30/4.21 = $7.125 per share.
First two quarters:
- ($3.52 dollars/2) x 4.21 billion shares = $1.76 x 4.21 billion shares = $7.4 billion dollars paid so far this year in dividends (two quarters).
For the full year (2022): $30 billion.
$30 billion - $7.4 billion = $22.6 billion for the last two quarters.
$22.6 billion / 4.21 billion shares = $5.37 / share for two quarters = $2.68 / quarter (for the last two quarters) vs the current ($3.52 / 4) = eighty-eight cents/share /quarter.
Disclaimer: I make a lot of simple arithmetic errors.
I guess a simpler way to check:
$30 billion / 4.21 billion shares = $7.125 per share.
So, for the entire year, "we" have to get to $7.125 per share.
So, far, 88 cents x 2 = $1.76 / share has been paid.
$7.125 - $1.76 = $5.365 / share yet to be paid, divided by two quarters = $2.68 / share per quarter for the remaining two quarters (vs 88 cents) in the last two quarters of 2022.
I'll believe it when I see it.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.