ExxonMobil is 1 of Less Than 4% of S&P 500 Members to Achieve This Rare Feat

The oil industry has had its share of ups and downs over the decades. Crude prices have varied wildly over the years. They even briefly went negative during the pandemic, only to spike into the triple digits after Russia invaded Ukraine. That stomach-turning volatility has made it difficult for many oil companies to maintain their dividends over the years, let alone continue increasing their payouts. That's what makes ExxonMobil's (NYSE: XOM) dividend history so remarkable. The oil giant has managed to increase its dividend every year for more than four decades. That puts it in a rare group of not only oil stocks but also members of the S&P 500. ExxonMobil recently reported its third-quarter results and declared its latest dividend payment. The oil company's results were absolutely terrific and overshadowed the fact that it raised its dividend once again. The company boosted its payment by 4% for the fourth quarter to $0.99 per share. That further extended its dividend growth streak. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool