How Often Does XOM Pay Dividends?
Exxon Mobil Corporation, commonly known as XOM, is one of the largest publicly traded international oil and gas companies in the world. As a dividend-paying stock, XOM distributes a portion of its profits to its shareholders on a regular basis. However, the frequency of dividend payments varies for different companies. In this article, we will explore how often XOM pays dividends and provide answers to some frequently asked questions about XOM dividends.
XOM Dividend Payment Frequency:
XOM pays dividends on a quarterly basis. This means that shareholders of XOM receive dividend payments four times a year. The dividend payments are typically made in March, June, September, and December. The specific payment dates may vary slightly from year to year, but the frequency remains consistent.
Frequently Asked Questions (FAQs):
1. When is the next XOM dividend payment?
The next XOM dividend payment is expected to be made in the month of March. However, it is always advisable to check the latest dividend announcement and payment dates on XOM’s official investor relations website.
2. How much is the dividend per share?
The dividend per share can vary from quarter to quarter. The amount is determined by XOM’s board of directors based on various factors, including financial performance and future outlook.
3. How long has XOM been paying dividends?
XOM has a long history of paying dividends. The company has been paying dividends for more than a century, making it one of the oldest dividend-paying stocks in the market.
4. Can I reinvest my XOM dividends?
Yes, XOM offers a dividend reinvestment program (DRIP) that allows shareholders to reinvest their dividends to purchase additional XOM shares. This program provides an opportunity for shareholders to compound their investment over time.
5. What is the dividend yield of XOM?
Dividend yield is calculated by dividing the annual dividend per share by the current stock price. XOM’s dividend yield can fluctuate based on changes in the stock price and dividend payments.
6. How are XOM dividends taxed?
Dividend taxation varies from country to country. In the United States, XOM dividends are generally taxed as ordinary income. It is recommended to consult a tax professional for specific guidance on your individual tax situation.
7. Can I buy XOM stock just before the ex-dividend date and receive the dividend?
No, in order to receive the dividend payment, you must be a shareholder of record before the ex-dividend date. Buying the stock on or after the ex-dividend date will not entitle you to the upcoming dividend payment.
8. Is XOM’s dividend payment consistent or does it vary?
XOM’s dividend payment can vary depending on the company’s financial performance and economic conditions. However, XOM has a track record of maintaining or increasing its dividend payments over time.
9. How can I track XOM’s dividend history?
XOM’s dividend history can be found on its official investor relations website or various financial websites that provide historical dividend data.
10. Can I receive XOM dividends if I own shares through a brokerage account?
Yes, if you own XOM shares through a brokerage account, you are still eligible to receive the dividend payments. The dividends will be credited to your brokerage account.
11. Are XOM dividends safe?
XOM has a strong financial position and a history of generating substantial cash flows. However, dividend safety is always subject to various factors, including changes in market conditions and company performance.
12. How can I stay informed about XOM dividends?
To stay informed about XOM dividends, you can visit XOM’s official investor relations website, sign up for email notifications, or follow trusted financial news sources that cover XOM’s dividend announcements.
In conclusion, XOM pays dividends on a quarterly basis, providing regular income to its shareholders. As with any investment, it is important to conduct thorough research and consider your own investment goals before investing in XOM or any other stock. Additionally, keeping track of XOM’s dividend announcements and staying informed about market conditions can help you make informed decisions regarding your investments.