Is Exxon a Great Dividend Stock?
ExxonMobil (NYSE: XOM) has treated its investors like royalty over the years. The energy company has grown its dividend at an average annual rate of 6.2% over the past 37 years, increasing it every single year during that timeframe. That puts it in the elite class of being a Dividend Aristocrat.
However, while Exxon has been an excellent dividend stock over the years, that doesn't necessarily mean it will be one in the future. To gauge its potential, we need to dig a bit deeper, looking at not only the sustainability of the current payout but also its growth prospects. Here's a look at whether Exxon can maintain its status as a top-tier dividend stock.
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Source Fool.com
