Dividend payments in the second quarter
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends regularly in the past few years. Before we look at their dividend yield trends, let’s look at their dividend payments in the second quarter.
For the second quarter, XOM’s dividend payment stands at $0.82 per share with a pay date of June 11. This amount reflects 6.5% sequential growth. XOM’s second-quarter dividend payment will represent a 9.0% rise over Q2 2016.
Similarly, CVX’s dividend payment stands at $1.12 per share for the second quarter, which implies a 4.7% rise over Q2 2016. However, when we consider Shell and BP, their dividend payments per share have remained steady. Shell’s dividend payment stands at $0.94 per share, and BP’s dividend payment stands at $0.60 per share for the second quarter.
Mixed dividend yield trends
Integrated energy stocks have seen mixed trends in their dividend yields. While XOM’s dividend yield has risen since Q2 2016, the dividend yields of CVX, Shell, and BP have fallen. Let’s begin with Chevron’s dividend yield trend.
CVX’s current dividend yield stands at 3.4%. The current dividend yield represents the company’s annualized dividend as a percentage of its stock price. This yield has fallen from 4.9% in Q2 2016. The decline in the yield resulted from a steeper rise in Chevron’s stock price compared to the rise in its dividend in the stated period. Similarly, the dividend yields of Shell and BP have fallen due to rises in their stock prices since Q2 2016. Shell’s and BP’s dividend yields currently stand at 5.2% each.
Contrarily, ExxonMobil’s dividend yield has risen from 3.8% in Q2 2016 to its current level of 4.0%. The increase in ExxonMobil’s dividend yield is due to a rise in dividend payments and a fall in XOM’s stock price in the stated period.
In the next article, we’ll look at institutional buying and selling activity in integrated energy stocks.