“Exxon and 3 Other Energy Stocks Whose Dividends Look Like They Can Weather Tough Times”
September 8, 2022
“…
Durable Dividends
These are among the energy companies in the S&P 500 that increased their dividends in consecutive years earlier in the pandemic.
| Company / Ticker | Recent Price | Recent Yield | YTD Return | Market Value (bil) |
|---|---|---|---|---|
| Exxon Mobil / XOM | $94.95 | 3.7% | 60.0% | $395.7 |
| Chevron / CVX | 157.12 | 3.6 | 37.7 | 307.6 |
| ConocoPhillips / COP | 108.63 | 1.7 | 54.2 | 138.3 |
| Pioneer Natural Resources / PXD | 238.99 | 9.8 | 42.0 | 57.0 |
Notes: Data as of Sept. 6
Source:FactSet
Some companies narrowly missed the list Barron’s compiled. If a company merely maintained its dividend in 2020, for example, it wasn’t included, as we wanted to see increases in 2020 and 2021.
For a while, it looked as though Exxon Mobil wasn’t going to boost its dividend in 2021. It declared a quarterly dividend increase in April of 2019, raising the payout to 87 cents a share from 82 cents…”