ExxonMobil’s dividend yield
ExxonMobil (XOM) occupies the sixth slot in our list of the top eight dividend-yielding integrated energy stocks. Among the eight companies discussed in this series, the company has the largest market cap of ~$349.0 billion.
ExxonMobil’s current dividend yield stands at 3.9%. XOM paid a dividend of $0.82 per share in the current quarter, and the company has paid regular dividends for decades. In the past three years, the company’s dividends have risen despite earnings volatility. Three years ago, XOM made a quarterly dividend payment of $0.73 per share. In the past three years, ExxonMobil stock has risen 11.0%.
XOM trades at a forward PE multiple of 15.4x, which is above the average forward PE (price-to-earnings) multiple of 12.4x. XOM trades at a forward EV-to-EBITDA[1. enterprise value to earnings before interest, tax, depreciation, and amortization] of 7.1x, which is above the peer average of 5.1x.
Wall Street analysts expect XOM’s earnings to rise 28.0% in 2018, below the peer average of 57.0%. XOM has below-average growth prospects but stronger financials compared to its peers.
ExxonMobil (XOM) is a financially stable company with comfortable leverage and healthy liquidity positions. The company’s total-debt-to-total-capital ratio stands at 18.0%, the lowest among its peers in this survey. The company has surplus cash flow from operations after covering its capex and dividend payments, which could be the reason for its premium valuations.
Among XOM’s peers, Chevron (CVX) had a cash flow surplus in the first half. Royal Dutch Shell (RDS.A) matched its cash flows from operation and vital outflows. However, BP (BP) had a cash flow shortfall in the first half.
For more information on ExxonMobil, please refer to Financially Sturdy ExxonMobil Focuses on Growth.
Please move to the next part to learn about Chevron’s (CVX) dividend yield.
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