Looking for Income? Exxon Mobil Stock Still Delivers

The assumption of many investors is that as oil goes, so goes the stock of Exxon Mobil Corporation (XOM). But, that’s not true, at least not so far in 2017.

While the price of oil has fluctuated wildly this year, and now sits 8.55% below where it started, shares of the oil giant have remained fairly stable, falling in price early in the year when prices were highest, and holding up through oil’s dips. 

As our Vince Martin wrote recently, XOM stock is not going anywhere any time soon. But, this does not mean it’s unattractive to all investors. Income investors will appreciate the 77 cents per share dividend, now yielding 3.79%. That’s still significantly more than you’ll get with 30-year U.S. Treasury bonds.

Management increased that dividend this year, from 75 cents, despite failing to match the dividend with earnings in 2016. They’re confident in the payout, and you should be, too.

Prices and data are from the original InvestorPlace story published on May 30, 2017. Click on ticker-symbol links in each slide for current prices and more.

SEE ALSO FROM KIPLINGER: Economic Outlooks: Forecast on Energy Prices

from Kiplinger’s Personal Finance http://bit.ly/2qO1vmb
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