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!