How To Earn $500 A Month From Exxon Mobil Stock Ahead Of Q1 Earnings

Financial Results - Exxon Mobil Corporation is set to release its first-quarter financial results on April 3, with analysts expecting earnings of $1.70 per share, a decrease from $2.06 per share in the same period last year [1] - The company projects quarterly revenue of $86.09 billion, up from $83.08 billion a year earlier [1] Management Changes - Karen T. McKee, president of ExxonMobil Product Solutions Company, will retire effective May 1, with Matt Crocker named as her successor [2] Dividend Information - Exxon Mobil currently offers an annual dividend yield of 3.34%, translating to a quarterly dividend of 99 cents per share, or $3.96 annually [3] - To achieve a monthly dividend income of $500, an investor would need to own approximately 1,515 shares, equating to a total investment of about $179,785 [4] - For a more conservative monthly income goal of $100, an investor would need 303 shares, or an investment of around $35,957 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [5] - For instance, if the stock price rises, the dividend yield decreases, and vice versa [5] - Changes in the dividend payment itself can also affect the yield; an increase in dividends raises the yield if the stock price remains constant [6] Stock Performance - Shares of Exxon Mobil fell by 0.3% to close at $118.67 on Wednesday [6]