Tag: Exxon dividend cut

Why It Makes More Sense For Exxon To Buy Back Shares Instead Of Paying A Dividend

Last week I wrote an article about how you can create your own “dividend” by selling shares. Many investors have an irrational dividend bias: Benjamin Graham wrote in the Intelligent Investor that a rising dividend has the potential of attracting “ignorant coupon clippers” – not business owners. I believe too many shareholders in ExxonMobil (XOM) are in the “coupon clipper”

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