XLE bulls got some welcomed news earlier this week when the ETF’s largest holding, Exxon Mobil (XOM) raised its dividend. That extended Exxon’s dividend increase streak, quashing fears that the largest U.S. oil company would respond to lower prices by foregoing its dividend aristocrat status. [Exxon Stays in Dividend ETFs]
Schlumberger (SLB) and Kinder Morgan (KMI), XLE’s third- and fourth-largest holdings, respectively, have also recently boosted payouts. Exxon, Schlumberger and Kinder Morgan combine for 27.2% of XLE’s weight. The ETF has a dividend yield of 2.35%.
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