Yes the big double a buy and dividend hike on the same day i knew the hike was getting close but not sure when it would happen.
When my mom gave me her Morgan Stanley account, it came with $2,000 dollars in cash wich earns a paltry bit of interest. of course i missed the episode a few weeks ago where it dropped to $73. something. It may go up more it may drop more im not really trying to time the market but when i looked this morning and seen that XOM was $78.05 I had to pull that trigger.
A little about XOM.
Exxon Mobil Corporation (XOM) is the largest of the vertically integrated oil majors, as well as the largest publicly-traded corporation in the world by revenue. It was created on November 30, 1999, by the merger of Exxon and Mobil. The company has several divisions and hundreds of affiliates, including Exxon Mobil, Exxon, Esso, and Mobil.
The firm generates the majority of its income from liquid and natural gas sales, with earnings of $19.7 billion in 2017. The geographical diversity of Exxon Mobil’s exploration and production (E&P) activities make it less vulnerable to the regional production uncertainties that plague the industry. The company is also an international leader in the downstream refining industry with over 5,000 owned/leased retail stations and 4.9 million barrels per day of refining capacity at the end of 2017.
Now that that is out of the way lets get to the buy. With XOM dipping a little at $78.05 i decided to the pull the trigger on this one and add 19 shares of XOM. the total cost for this transaction was $1,511.07. This brings my total number of shares to 132 shares. Not alot but enough to pay for one tank of gas to fill up my truck. but wait there is more.
So after close of business XOM board of directors decided to send me a pay raise yes lille ole me and all the others that own this stock. st the time i added it this added 58.52 dollars a year to my dividends.
IRVING, Texas–(BUSINESS WIRE)– The Board of Directors of Exxon Mobil Corporation(NYSE:XOM) today declared a cash dividend of $0.82 per share on the Common Stock, payable on June 11, 2018 to shareholders of record of Common Stock at the close of business on May 14, 2018.
This second quarter dividend compares with $0.77 cents per share paid in the first quarter of 2018.
Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 36 consecutive years.
Some were predicting a .04 cents a share increase I was hoping for at least .03 cents and wowzers they came out with this .05 cents a share dividend. this dividend hike adds $6.6 dollars a quarter or $26.4 dollars a year to my dividends. My future 12 month dividend stands at $5616.69 or $468.05 a month average. What is not to like about Dividend investing?
announced 2017 effective 2018
2018-total raises is $92.57
Have you had any raises lately?