Dividend payments in the third quarter
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends consistently in the past few years. Before we review their dividend yield trends, let’s look at their dividend payments in the third quarter. In the third quarter, XOM will pay a dividend of $0.82 per share on September 10, which represents 9.3% growth over Q3 2016. Similarly, CVX’s dividend payment stands at $1.12 per share in the third quarter, which implies a 4.7% rise over Q3 2016.
Notably, BP raised its dividend in Q3 2018, its first hike since Q3 2014. BP’s dividend payment stands at $0.615 per share (or ADS) in Q3 2018, which represents 2.5% growth over Q3 2016. However, when we consider Shell, its dividend payments per share (or ADS) have remained steady. Shell’s dividend payment stands at $0.94 per share in the third quarter.
Dividend yields’ mixed trend
Integrated energy stocks have seen a mixed trend in their dividend yields. While dividend yield in XOM has risen since Q3 2016, dividend yields in CVX, Shell, and BP have fallen. Let’s begin with Chevron’s dividend yield trend.
CVX’s current dividend yield stands at 3.7%, which has fallen from 4.2% in Q3 2016. The decline in yield is because of a steeper rise in Chevron stock price compared to the rise in the dividend in the stated period. Similarly, dividend yields in Shell and BP have declined due to a rise in their stock prices since Q3 2016. Shell and BP’s dividend yields currently stand at 5.9% and 5.8%, respectively.
In contrast, ExxonMobil’s dividend yield has risen from 3.4% in Q3 2016 to the current level of 4.2%. The increase in ExxonMobil’s dividend yield is due to a rise in dividend payments and the fall in XOM’s stock price in the stated period.
In the following part, we’ll look at institutional buying and selling activity in integrated energy stocks.