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Exxon Just Raised Its Dividend By 3.9%. Its Free Cash Flow Has Surged 90% This Year.
Source: fool.com
Capital Returns (Dividends / Buybacks)Company Fundamentals
Exxon’s dividend raise is a small fraction of the additional free cash flow it has generated so far this year. Last quarter, the company spent $5.1 billion on buybacks versus $4.3 billion on dividends, and it reduced net debt by nearly $11 billion over the first nine months.
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