When Will XOM's Next Dividend Be Paid?

When Will XOM's Next Dividend Be Paid?

As an investor, one of the most important things to consider when investing in a company is its dividend payout. Exxon Mobil Corporation (XOM) is one of the largest oil and gas companies in the world, and its dividend is a significant source of income for many investors. So, when will XOM's next dividend be paid?

XOM's dividend history

Before answering this question, let's take a closer look at XOM's dividend history. XOM has a long history of paying dividends, and it has increased its dividend payout for 38 consecutive years. In 2020, XOM paid a quarterly dividend of $0.87 per share, which translates to an annualized dividend of $3.48 per share. This represents a yield of around 7.6% based on XOM's current stock price.

XOM's next dividend payment

Now, back to the original question. When will XOM's next dividend be paid? XOM typically pays its dividend in the months of March, June, September, and December. The exact date of the dividend payment is announced by the company a few weeks before the payment date. For example, XOM's most recent dividend payment was on December 10, 2020. The company announced the payment date on November 10, 2020.

Investment strategies for XOM

For investors interested in XOM, there are a few investment strategies to consider. One strategy is to buy XOM stock and hold it for the long term. XOM has a strong dividend history, and many investors view it as a safe and reliable investment. However, it's worth noting that XOM's stock price has been volatile in recent years, and it's important to keep an eye on the company's financial performance.

Another strategy is to use options to generate income from XOM's dividend. For example, an investor could sell a covered call option on XOM. This means that the investor would sell the right to buy XOM stock at a certain price (the strike price) to another investor. In exchange, the investor would receive a premium. If XOM's stock price does not reach the strike price by the expiration date of the option, the investor gets to keep the premium and can sell another covered call option.

Conclusion

In conclusion, XOM is a company with a long history of paying dividends. Its next dividend payment is expected in March, June, September, or December, and the exact date is announced by the company a few weeks before the payment date. For investors interested in XOM, there are several investment strategies to consider, including buying and holding XOM stock for the long term and using options to generate income from XOM's dividend.