Investing $3,000 in ExxonMobil Can Generate Hundreds in Annual Passive Income

ExxonMobil paid $17.2 billion in dividends last year, with a nearly 3% dividend yield. A $3,000 investment could generate hundreds in annual passive income, with a potential cumulative dividend income of $468.62 over five years. Exxon has a history of increasing its dividend, with a 43-year growth streak and an average annual growth rate of 5.8%. Assuming a 4% annual growth rate, dividend income could reach $101.22 in year five.