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Exxon Mobil Corporation (NYSE:XOM) explores and produces crude oil and natural gas in the United States and internationally.
It will report its fourth-quarter 2024 earnings on January 31, 2025. Wall Street analysts expect the energy giant to post earnings per share of $1.88, compared with $2.48 in the same period a year ago. According to data from Benzinga Pro, quarterly revenue is expected to reach $89.93 billion, up from $84.34 billion a year ago.
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Exxon Mobil’s 52-week stock price was $95.77 to $126.34.
Exxon Mobil’s dividend yield is 3.36%. Over the last twelve months, the company paid $3.96 per share in dividends.
On November 1, the company reported third-quarter 2024 earnings with total sales and other income of $90.016 billion, missing the consensus of $93.938 billion as reported by Benzinga.
Net production was 4,582 thousand oil equivalent barrels per day, up 5% from the previous quarter, driven by increased volumes from Pioneer’s assets. Adjusted net income came in at $8.61 billion, compared to $9.24 billion in the previous quarter. Adjusted earnings per share were $1.92, better than the $1.88 consensus.
Check out this article from Benzinga highlighting Exxon Mobil’s unusual options activity.
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If you want to earn $100 per month – $1,200 per year – from Exxon Mobil dividends, your investment value would need to be about $35,714, which amounts to about 304 shares of $117.66 each.
Understanding dividend yield calculations: When estimating, you need two important variables: the desired annual income ($1,200) and the dividend yield (in this case 3.36%). So $1,200 / 0.0336 = $35,714 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current share price.
The dividend yield can change over time due to fluctuating stock prices and evolving dividend payments.
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For example, suppose a stock that pays out $2 in annual dividends is worth $50. The dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in the stock price to $40 will have the opposite effect and increase the dividend yield to 5% ($2/$40).
In summary, income-oriented investors may find Exxon Mobil stock an attractive option to earn a stable income of $100 per month by owning 304 shares. There may be more upside potential as investors benefit from the company’s consistent dividend increases. Exxon Mobil has increased its dividend consecutively for the past 42 years.
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This article How to Put $100 Into Your Retirement Fund Every Month With Exxon Mobil Stock originally appeared on Benzinga.com
