ExxonMobil Holdings Corporation (NYSE:XOM) will release its second-quarter earnings report before the opening bell on Friday, July 31.
Analysts expect the company to report quarterly earnings of $3.68 per share, up from $1.64 per share in the year-ago period. The consensus estimate for Exxon Mobil’s quarterly revenue is $97.66 billion. It reported $81.51 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, BofA Securities analyst Jean Ann Salisbury, on Tuesday, downgraded Exxon Mobil from Buy to Neutral but raised the price target from $154 to $158.
With the recent buzz around Exxon Mobil, some investors may be eyeing potential gains from the company’s dividends too. As of now, XOM has an annual dividend yield of 2.63%, which is a quarterly dividend amount of $1.03 per share ($4.12 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
