Just thought I'd throw a quick post up since I haven't done one in a while. With a lot of raises going on the past month with regards to dividends, there was an interesting situation today between XOM and CVX.
XOM raised the dividend 5.8% while CVX did not raise the dividend but was expected too. It just goes to show how the fall in oil is affecting companies differently. Exxons raise gives me roughly $5 more per year in dividends which I did not have to do anything to earn, just be invested in a great company!
I'm disappointed with CVX, but technically it still has a chance to keep the dividend streak alive if it raises its dividend within the next quarter or two so I will hold onto it for now.
What did you think about the XOM, CVX dividend dilemmas? Are you going to sell CVX if you are a diehard dividend growth investor?
It will be interesting to see how these two companies play out over the coming months.
Thanks for stopping by!
Monday, April 6, 2015
It's that time again when I get to post about a favorite topic of mine, dividends! I hope this post inspires other investors out there to start saving and investing as soon as they can. The power you feel knowing that you are richer than you were yesterday and you didn't have to work for it is a wonderful feeling. With that being said, lets get down to the numbers: