I’m surprised XOM doesn’t have a better dividend yield with the profit they are making. I don’t see their profit growing a heck of a lot unless oil somehow soars well above $100 a barrel so increasing their dividend should help make the stock look attractive with relatively flat earnings per share.
Yes the dividend needs to come up. It’s just amazing the compounding effect if you reinvest the divs. Wish I had started these drips 30 yrs ago instead of 15.