Dividend aristocrats are strong, stable companies that offer reliable dividend payments even during adverse economic times. Investors prefer these companies for passive income, focusing on those with healthy balance sheets and attractive yields. Exxon Mobil is highlighted for its impressive dividend yield of 3.53% and a track record of raising dividends for 42 consecutive years. The company's recent earnings were reported at $7.7 billion, with a free cash flow generation of $8.8 billion. This makes Exxon a favorable choice for investors looking for stability in their portfolios.
Several investors prefer to park their money in assets that can generate passive income. This requires identifying dividend-paying companies and holding them for the long term.
Exxon Mobil has an impressive dividend yield of 3.53% and it has raised dividends for 42 consecutive years, becoming a part of several investors' portfolios.
I like to focus on companies that have an attractive yield and a healthy balance sheet, which cushions them against market downturns.
The company announced earnings of $7.7 billion and generated a free cash flow of $8.8 billion.
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