ExxonMobil Fails to Raise Its Dividend for the First Time in 38 Years

ExxonMobil (NYSE: XOM) just booted itself out of the Dividend Aristocrats after keeping its dividend at $0.87 per share, the first time since 1982 it failed to increase the payout.

The decline in consumer demand for oil because of the coronavirus pandemic has rocked the energy markets as large swaths of the economy were shut down and travel and tourism plans were shelved.

Image source: Getty Images.

Continue reading

Source Fool.com