Exxon Mobil raises annual dividend 11%

Posted Wednesday, Apr. 24, 2013  comments  Print Reprints

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Exxon Mobil raises

annual dividend 11%

Exxon Mobil, which owns Fort Worth-based XTO Energy, is raising its annual dividend by 6 cents, or 11 percent, to 63 cents. The Irving-based oil giant said Wednesday that it has increased its annual dividend for 31 straight years. The next quarterly payment will be June 10 to shareholders as of May 13. Exxon will reports first-quarter results today.

-- The Associated Press

Redesigned $100 bills

to circulate in the fall

The Federal Reserve said it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. The new target date is Oct. 8. The redesigned note incorporates added anti-counterfeiting security features, such as a blue 3-D security ribbon and a disappearing Liberty Bell in an inkwell. The revamped bill had been expected to go into circulation in February 2011. In December 2010, officials announced an indefinite delay.

-- The Associated Press

Citigroup stockholders

OK compensation plan

Citigroup shareholders, who rejected the bank's 2011 compensation plan, voted in favor of the latest round of payouts after the lender said it overhauled rewards for top executives. The 2012 plan, which includes an $11.5 million package for new CEO Michael Corbat, received more than 90 percent of votes cast in the nonbinding tally, Secretary Rohan Weerasinghe said at the annual meeting in New York. -- Bloomberg News

Ford's 1Q profit up 15%

on N. American results

Ford Motor Co.'s first-quarter profit rose 15 percent to $1.6 billion because of record earnings in North America and strong sales in China. Ford lost money again in Europe, although it sees some hints of improvement there. It earned 40 cents per share, up from 35 cents in the same quarter a year ago. Without one-time charges including restructuring costs in Europe, Ford would have earned 41 cents. -- The Associated Press

Big stockholder sells

its stake in Dell

The Oakmark Funds, a large holder of Dell stock, has sold its stake in the PC maker after Blackstone withdrew its bid for the company. Buyout specialist Blackstone, which had offered $14.25 per share to acquire Dell, dropped its bid last Friday due to plunging worldwide shipments of personal computers.

-- The Associated Press

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