How Exxon Mobil, State Street And First Merchants Can Put Cash In Your Pocket
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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Exxon Mobil, State Street and First Merchants have rewarded their shareholders for several decades and recently announced dividend increases. Furthermore, these companies offer high dividend yields of over 3%.
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Exxon Mobil
Exxon Mobil (NYSE:XOM) is a global leader in the energy sector. It focuses on the exploration, production and sale of crude oil and natural gas. The company operates through the Upstream, Energy Products, Chemical Products and Specialty Products segments, offering products from fuels and lubricants to petrochemicals.
The company has increased its dividends every year for the last 42 years. Per its most recent press release on Nov. 1, the company raised its quarterly dividend by 4% to $0.99 per share or $3.96 annualized. Currently, the dividend yield on the stock stands at 3.34%.
The company’s annual revenue (as of June 30) stood at $340.7 billion. According to the company's most recent earnings release on Nov. 1, it posted Q3 2024 revenues of $90.02 billion, missing the consensus estimate of $93.94 billion. Meanwhile, an EPS of $1.92 came in better than the consensus of $1.88.
How to earn $100 per month from Exxon Mobil stock? Check out this article by Benzinga to learn more.
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State Street
State Street (NYSE:STT) is a leading provider of financial services, including investment servicing, investment management and investment research and trading.
State Street has increased its dividends consecutively for the last 13 years. According to the company’s most recent dividend announcement on July 18, its board of directors raised the quarterly dividend from $0.69 to $0.76 per share, equating to an annual figure of $3.04. Currently, the company’s dividend yield stands at 3.27%.
State Street’s annual revenue (as of Sept. 30) is $12.6 billion. According to the company's most recent earnings report on Oct. 15, it generated revenues of $3.26 billion and EPS of $2.26 in Q3 2024. Both figures came in above the Street estimates.