Prediction: ExxonMobil Will Increase Its Dividend Every Year Through at Least 2030
Companies that pay a stable dividend can make solid investments. Historically, they've produced higher total returns with less volatility than companies that don't pay dividends. However, the highest total returns have come from companies that regularly increase their dividends. Few companies can match ExxonMobil's (NYSE: XOM) dividend growth track record. The oil giant has increased its payout for 42 straight years, a claim only 4% of S&P 500 members can make. I fully expect the oil giant to continue increasing its dividend every year through at least 2030 despite oil market volatility and a steady shift toward cleaner fuel sources. Here's what fuels that prediction.Continue reading
Companies that pay a stable dividend can make solid investments. Historically, they've produced higher total returns with less volatility than companies that don't pay dividends. However, the highest total returns have come from companies that regularly increase their dividends.
Few companies can match ExxonMobil's (NYSE: XOM) dividend growth track record. The oil giant has increased its payout for 42 straight years, a claim only 4% of S&P 500 members can make.
I fully expect the oil giant to continue increasing its dividend every year through at least 2030 despite oil market volatility and a steady shift toward cleaner fuel sources. Here's what fuels that prediction.
