Any rumors or facts about an increase in Exxon's dividend. Has not been increased for some time ... perhaps because they do not want adverse print after record profits. As a holder of Exxon for over 30 years, I think the stock is getting a little pricey ... PEG ratio of well over 2.
I saw the PEG ratio and by traditional notions of what makes a stock a bargain vis a vis PEG ratio, XOM is 'overpriced' (whatever that word actually means).
I own an appreciable amount of XOM and from my research, I feel compelled to keep buying more shares. The dividend is a tad low at current levels (1.70%) vs. the other integrated oil, super majors but this company's balance sheet is beyond belief. Value and Growth matrices are incredibly good by using traditional methods of valuation.
I was a broker a long time ago and have been an investor for 3 decades. I don't claim to have all the answers but I've made enough mistakes along the way and tried to learn from them as quickly as possible. That said, I think XOM will see $100/sh w/in the next 12 months.
Time will tell. If it falls back in the meantime, I'll load up the truck. It is an incredible investment over the long term w/ very very low risk/volatility imo.