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Time Is Running Out for Exxon Mobil. Why It May Be Removed From the ‘Dividend Aristocrats.’

·2 min read
Time Is Running Out for Exxon Mobil. Why It May Be Removed From the ‘Dividend Aristocrats.’
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Time is running out for Exxon Mobil to remain in the but its earnings release Friday could settle that matter. There are 65 Dividend Aristocrats, including Johnson & Johnson (ticker: JNJ), Chevron (CVX) and Target (TGT). In recent years, constrained by weak oil prices, capital spending on future growth projects and other expenses, Exxon Mobil (XOM) has kept its quarterly dividend at 87 cents a share.