2024-04-29 08:15:00 ET
ExxonMobil (NYSE: XOM) is one of the world's top dividend payers. Its $14.9 billion ranked third worldwide in dividend payments last year, only trailing tech giants Microsoft and Apple . The big oil company could pay even more in dividends this year . It's off to a great start, doling out $3.8 billion in dividends during the first quarter.
The dividend is one of ExxonMobil's top priorities. The company's management team discussed on its recent first-quarter earnings conference call how it views the payout. The team highlighted three things investors need to know about the company's dividend .
On the call, Exxon's CFO, Kathy Mikells, noted that Exxon continues to have a very consistent approach to capital allocation: " First and foremost, we want to make sure we are making investments in this business that ultimately drive the long-term earnings and cash flow growth that create the virtual cycle of us being able to enhance shareholder returns and return cash to shareholders via dividends as well as a more consistent share repurchase program. That is job No. 1."
For further details see:
3 Things You Need to Know About ExxonMobil's Dividend