Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout. Exxon this year has pledged deep cost and jobs cuts that could be announced as early as Friday, and the decision to hold the dividend stable could indicate it expects the cost-cutting will allow it to continue making the hefty payout. At $3.48 per share, the annual dividend is equal to 10.6% of its share price. …read more
Source:: Yahoo Finance
