All It Takes Is $6,000 Invested in ExxonMobil to Help Generate Over $200 in Passive Income Per Year

The energy sector is chock-full of high-yield companies with inconsistent payouts or track records of slashing dividends during industrywide downturns. ExxonMobil (NYSE: XOM) is an exception.The largest U.S.-based oil and gas major by market cap just raised its dividend for the 42nd consecutive year to $0.99 per share per quarter. Investing $6,000 in Exxon stock should generate over $200 in passive income per year and likely more over time if Exxon keeps boosting its payout.Down less than 5% from its all-time high, here's why Exxon stands out as a top dividend stock to buy now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool