ExxonMobil Has Raised Its Dividend 43 Years Running. Here's the One Year the Streak Almost Broke.
ExxonMobil is one of the most reliable dividend growers in the U.S., but that dependability was threatened in a big way in 2020.
Overview
Lengthy dividend increase streaks are appealing to income investors, but it pays to remember that streaks reflect something that's already occurred. They're not future projections.
Even some companies that were once Dividend Kings, or those firms with payout increases in at least 50 consecutive years, have turned into dividend offenders. As one example, 3M cut its payout in 2024, ending a 64-year streak.
ExxonMobil nearly became a dividend offender in 2020. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.