By Colin Kellaher

 

Exxon Mobil's board has increased the energy giant's quarterly dividend by 3.3%, to 94 cents from 91 cents.

The new payout, equal to $3.76 a year, represents an annual yield of about 3.49% based on Thursday's closing price of $107.60, up from 3.38%.

The Spring, Texas, company on Friday said the increased dividend is payable Dec. 11 to shareholders of record Nov. 15.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 27, 2023 06:48 ET (10:48 GMT)

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