SplitTrader predicts Exxon Mobile announcement

During morning trading, the Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a 2-for-1 stock split and an additional cash dividend for shareholders of record as of June 20, 2001. The payable date for the stock split is set for July 18, 2001. The decision was first released at the Company's annual shareholder meeting held earlier this morning.

The cash dividend of $0.02 is payable on July 11, 2001 and is in addition to the second quarter dividend of 44 cents per share payable on June 11, 2001.

Exxon currently has 3.45 billion shares outstanding and a float of 3.42 billion. This will be their fifth stock split since 1976.

SplitTrader analysts accurately predicted EOM's announcement and posted the stock on our Expected list this week. Please check back as we monitor the split run for play opportunities. XOM shares are currently trading up +1.25 to $89.05 after sinking as low as $87.99.

About the Company

Incorporated since 1882, Exxon Mobil is the world's largest integrated oil company, operating in 200 countries and territories.

For further details, be sure to check out the complete profile located on the site. To view a chart on the stock, click on the link provided below.

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