ExxonMobil Fails to Raise Its Dividend for the First Time in Years

Rich Duprey, The Motley Fool
·2-min read
ExxonMobil Fails to Raise Its Dividend for the First Time in Years
ExxonMobil Fails to Raise Its Dividend for the First Time in Years

ExxonMobil (NYSE: XOM) just did something it hasn't done in 18 years. The oil giant kept its dividend at $0.87 per share, the first time since 2002 it failed to increase the payout during a calendar year. The decision doesn't put ExxonMobil's status as a Dividend Aristocrat in jeopardy yet.