Exxon Mobil (XOM) Raises Dividend 4% to $1.03, Marking 26 Straight Years

Exxon Mobil lifted its quarterly dividend to $1.03 a share, a 4% increase from the prior payout, adding another chapter to an unbroken record that now stretches back 26 years. That streak covers every major oil price collapse and recovery since 2000, a period that wiped out or cut dividends at many of the company's peers.

The raise lifts the annualized rate to $4.12, a yield that exceeds what many investment-grade bonds offer while leaving room for share-price appreciation. For a company of Exxon's size, sustaining that payout through commodity price swings is the real signal of financial discipline.

The ex-date for this higher payout is August 17, 2026, and buyers on or after that date wait a full quarter before the new rate reaches them.

Twenty-six consecutive years of dividend growth is the kind of record that tends to attract a specific class of long-term shareholder, namely those who reinvest distributions and rely on compounding over decades. Each annual increase, even a modest one like this 4% step-up, resets the baseline from which the next raise is measured, quietly accelerating the income stream for anyone who has held the stock for years.