How To Put $100 In Your Retirement Fund Each Month With Exxon Mobil Stock
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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 Q4 2024 earnings on Jan. 31, 2025. Wall Street analysts expect the energy giant to post an EPS of $1.88, down from $2.48 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $89.93 billion, up from $84.34 billion in the year-ago period.
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The 52-week range of Exxon Mobil’s stock price was $95.77 to $126.34.
Exxon Mobil’s dividend yield is 3.36%. During the last 12 months, it paid $3.96 per share in dividends.
On Nov. 1, the company announced its Q3 2024 earnings, posting total revenues and other income of $90.016 billion, missing the consensus of $93.938 billion, as reported by Benzinga.
Net production stood at 4,582 thousand oil-equivalent barrels per day, an increase of 5% from the previous quarter, driven by increased volumes from Pioneer assets. Adjusted net profit came in at $8.61 billion, down from $9.24 billion in the prior quarter. Adjusted EPS stood at $1.92, beating the consensus of $1.88.
Check out this article by Benzinga, which highlights Exxon Mobil’s unusual options activity.
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If you want to make $100 per month –$1,200 annually – from Exxon Mobil dividends, your investment value needs to be approximately $35,714, which is around 304 shares at $117.66 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.36% in this case). 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 stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its 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 stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Exxon Mobil stock an attractive option for making a steady income of $100 per month by owning 304 shares of stock. There may be more upside as investors benefit from the company’s consistent dividend hikes. Exxon Mobil has raised its dividend consecutively for the last 42 years.
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