By Michael Dabaie

 

Exxon Mobil Corp. boosted its quarterly dividend by one cent.

The company said Wednesday its board declared a cash dividend of 88 cents per share, payable on December 10. The fourth-quarter dividend is up form 87 cents per share paid in the third quarter of 2021.

"Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 39 consecutive years," Exxon said.

Shares were down 2.5% to $64.20 in afternoon trading.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 15:14 ET (19:14 GMT)

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