NEW YORK — Exxon is raising its quarterly dividend by 21 percent. In doing so, it becomes the top corporate dividend payer, surpassing AT&T. The Irving, Texas, oil giant raised the payout to 57 cents from 47 cents in the first quarter. That brings its annual dividend to US$2.28 per share.
Exxon Mobil Corp. will now pay its shareholders US$10.75 billion in dividends per year, according to Standard & Poor’s, up from US$9 billion. AT&T Inc. is second at US$10.44 billion. Apple Inc., which restored its dividend in March, is next at US$9.88 billion.