Published - August 11th, 2023 @ 2:10 PM (GMT+2)
Ex-Dividend Date Approaching:
Exxon Mobil Corporation (NYSE:XOM) is set to trade ex-dividend in the next four days. To be eligible for the dividend, you must purchase the shares before August 15th, with the payment scheduled for September 11th.
Upcoming Dividend Payment:
The company's next dividend payment is US$0.91 per share, following last year's total of US$3.64 to shareholders. With a trailing yield of around 3.3% on the current share price of $109.56, it's essential to assess whether Exxon Mobil can sustain this dividend.
Sustainability Analysis:
With a modest payout ratio of 29% of profit and 32% of free cash flow distributed as dividends, Exxon Mobil's dividend appears sustainable. Both profit and cash flow cover the dividend, reducing the risk of a future cut.
Growth Prospects: Earnings and Dividend Growth
Exxon Mobil's earnings have been growing at an impressive rate of 23% per annum for the past five years. The historical rate of dividend growth is 4.8% per year over the past decade. This growth in earnings and low payout ratios make Exxon Mobil a promising long-term dividend stock
Conclusion:
AppLovin's Q2 earnings report has undoubtedly caught the attention of investors and market analysts. The company's stock is one to watch, with a strong performance that exceeded expectations and a promising outlook. The Technology Services industry's current position in the bottom 35% of the 250 plus Zacks industries adds a layer of complexity to the investment landscape.
The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
