Dividend payments in the fourth quarter
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends consistently for the past several years. Before we examine their dividend yield trends, let’s review their dividend payments in the fourth quarter.
In the fourth quarter, ExxonMobil’s dividend payment stood at $0.82 per share, a 6.5% YoY (year-over-year) rise. Similarly, Chevron’s dividend payment stood at $1.12 per share in the fourth quarter, implying a 3.7% YoY rise. BP’s dividend payment rose 2.5% YoY to $0.615 per share (or American depositary receipt). However, Shell’s dividend payment per share remained steady. It stood at $0.94 per share (or American depositary receipt) in the quarter.
Dividend yields have risen
Integrated energy stocks have seen rises in their dividend yields in the past year. ExxonMobil’s dividend yield has risen the highest compared to Chevron’s, Shell’s, and BP’s.
ExxonMobil’s current dividend yield stands at 4.8%. The current dividend yield represents the annualized dividend as a percentage of the stock price. It’s risen from 3.5% in the first quarter of 2018. The surge in its yield is the result of the fall in its stock price and the increase in its dividend in the stated period.
Similarly, the dividend yields of Shell and BP have risen due to the falls in their stock prices since the first quarter of 2018. Shell’s and BP’s dividend yields currently stand at 6.5% each. Likewise, Chevron’s dividend yield has risen from 3.6% in the first quarter of 2018 to its current level of 4.1%.
For more on the dividend yield rankings of six global integrated energy stocks, read Slumping Integrated Energy Stocks Post Attractive Dividend Yields.