Wednesday, April 29, 2015

XOM raises dividend 5.80%---New yield is 3.32%


Today it was Exxon's turn to come up to the plate and they delivered.

Exxon Mobil declared a quarterly dividend of $0.73 per share. This is a 5.80% increase from the prior dividend of $0.69 and the new yield is 3.32%

The ex-dividend date is May 11th and the pay date is June 10th.

Currently I own 62.09 shares of XOM so my yearly dividends will increase by $9.93.

How much pressure is Chevron feeling right now??


Also from the propane front, APU delivered some very welcomed news.

APU raises distribution 4.54%---New yield is 7.41%

I missed the announcement on Monday that APU is increasing its quarterly distribution from $.88 to $.92. This is a 4.54% increase and the new yield is 7.41%

The ex-dividend date is May 7th and the pay date is May 28th.

Since I own 76,99 shares my yearly dividends will increase by $12.32.




12 comments:

  1. Man that is a nice raise. Going to be hard to decide on who to buy when I make my next large purchase. Between energy, industrials, and financials there are too many good options. Congrats on the free money.
    - Gremlin

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    Replies
    1. DG,

      The opportunities are all over the place. At least during the end of last year energy was the obvious choice to invest. Right now the sectors you mentions along with REITs are looking pretty volatile.

      MDP

      Delete
  2. Unfortunately, Chevron chose not to increase their dividend this quarter. :(

    MG

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    Replies
    1. Anonymous,

      That is a bummer, but maybe Chevron can boost its divvy later this year. Exxon was a welcomed surprise!

      MDP

      Delete
  3. I expected a little bit softer increase from XOM but nearly 6% is excwllent. Looking to buy some more if I get the right price. I was surprised that CVX kept theirs steady. itll be interesting to see how that works out.

    ReplyDelete
    Replies
    1. PIP,

      Between XOMs raise CVXs freeze they net out at close to 3%. That is about what I figured the two would give us. Hopefully CVX is able to boost there divvy later this year.

      MDP

      Delete
  4. MDP,

    Congrats on all of the recent raises. Your dedication is paying off big time. Your 4 year plan is really rolling now.

    All the best.

    FD

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    Replies
    1. FD,

      The 4 year plan looks good on paper as a lot of plans do. The execution and the unknowns are what could make the ride interesting. I look forward to it!

      MDP

      Delete
  5. Wow nice free money there. Enjoy!

    ReplyDelete
    Replies
    1. Fab,

      Free money is good! Just one piece of the puzzle though. Keep up the relentless investing you are doing over there!

      MDP

      Delete
  6. Always love those dividend raises! Nothing makes me happier than seeing a bigger dividend check hit my brokerage account each month for doing nothing but buying shares and sitting on my butt!

    XOM will certainly turn higher once energy prices rebound. Congrats!

    ReplyDelete
    Replies
    1. Brian,

      So true! While I love investing capital (pushing the snowball), I really love when gravity takes over (dividend raises). XOM is about as solid of a company as you can find. Do they fluctuate with oil prices? You bet. Ultimately it is a business and has to be run with sound business principles regardless of outside influences. I look forward to adding more shares for years to come.

      MDP

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