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

Exxon Mobil Corporation (NYSE:XOM) will release its first-quarter financial results after the closing bell on Thursday, April 3.

Analysts expect the company to report quarterly earnings at $1.70 per share, down from $2.06 per share in the year-ago period. Exxon Mobil projects quarterly revenue of $86.09 billion, compared to $83.08 billion a year earlier, according to data from Benzinga Pro.

On Wednesday, Exxon Mobil disclosed that Karen T. McKee, president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil Corporation, will retire effective May 1. The company's board named Matt Crocker president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil Corporation.

With the recent buzz around Exxon Mobil, some investors may be eyeing potential gains from the company's dividends, too. As of now, Exxon Mobil offers an annual dividend yield of 3.34%, which is a quarterly dividend amount of 99 cents per share ($3.96 a year).

To figure out how to earn $500 monthly from Exxon Mobil, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by Exxon Mobil's $3.96 dividend: $6,000 / $3.96 = 1,515 shares.

So, an investor would need to own approximately $179,785 worth of Exxon Mobil, or 1,515 shares to generate a monthly dividend income of $500.

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $3.96 = 303 shares, or $35,957 to generate a monthly dividend income of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains unchanged. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

XOM Price Action: Shares of Exxon Mobil fell by 0.3% to close at $118.67 on Wednesday.

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