Exxon Mobil (XOM) Increases Dividend with 2.6% Yield, Analyst Updates

Exxon Mobil (XOM) has raised its dividend to $1.03 per share quarterly, equating to an annualized dividend of $4.12, which provides a yield of 2.6%. Analyst Devin McDermott from Morgan Stanley maintains a buy rating on XOM, increasing the price target to $177 from $168. He has revised his cash flow estimates upward by an average of 20% for the second half of 2026 and 7% for 2027. This information matters for investors seeking dividend income, as strong earnings and cash flow growth are projected for Exxon Mobil amidst a volatile market.