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XOM, CVX, RDS.A, and BP: How Dividend Yields Stack Up

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May. 14 2019, Published 11:15 a.m. ET

Dividend payments in the second quarter

Chevron (CVX), Royal Dutch Shell (RDS.A), ExxonMobil (XOM), 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 second quarter.

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In the second quarter, ExxonMobil has raised its dividend payment by 6.1% quarter-over-quarter to $0.87 per share, to be paid on June 10, which represents a 13.0% rise over the dividend paid in Q2 2017. Also, Chevron will pay a dividend of $1.19 per share on June 10, which represents 10.2% growth over Q2 2017.

Similarly, BP’s dividend payment stands at $0.615 per share (or ADS) in Q2 2019, which represents 2.5% growth over Q2 2017. However, Shell’s dividend payments per share (or ADS) has remained steady. Shell’s dividend payment stands at $0.94 per share in the second quarter.

Dividend yields

Integrated stocks have seen a mixed trend in their dividend yields. While ExxonMobil’s dividend yield has risen since Q2 2017, Shell, Chevron, and BP’s yields have fallen. Let’s begin with Shell’s dividend yield trend.

Shell’s dividend yield stands at 5.9%, which is higher than peers. The current yield has fallen from 7.2% in Q2 2017 due to the rise in Shell stock during this period. Similarly, BP’s dividend yield has declined due to a steeper increase in its stock price than its dividends. BP’s dividend yield stands currently at 5.9%.

In contrast, ExxonMobil’s dividend yield has risen from 3.8% in Q2 2017 to the current level of 4.5%. The growth in ExxonMobil’s dividend yield is due to a surge in its dividend payments and a decline in its stock price in the stated period. However, Chevron’s dividend yield has decreased due to steeper growth in its stock price compared to dividends. Chevron’s dividend yield currently stands at 3.9%.

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