All It Takes Is $3,000 in ExxonMobil to Generate Hundreds in Annual Passive Income

Exxon is a leading dividend stock.ExxonMobil (XOM +3.98%) paid a total of $17.2 billion in dividends to shareholders last year, the second highest among S&P 500 companies. The oil giant currently has a nearly 3% dividend yield, which is almost three times the S&P 500's level of 1.1%. The leading oil dividend stock's high yield enables investors to generate substantial passive income. A $3,000 investment in ExxonMobil could generate hundreds in dividend income in the coming years. A robust and growing income ...