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Before the opening bell on Thursday, oil and gas giant Exxon (XOM ) reported lower profits for the first quarter, but beat estimates.
The company announced that it has boosted its dividend from 69 cents to 73 cents. The next dividend will be paid in June.
Shares of XOM were up $1.10, or 1.25% during premarket trading Thursday.
Exxon (XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.