..I just checked exxon over the last 5 years with dividends reinvested returned just 10.89%
if I sold my XOM I'd have to pay over $100,000 in LTCG income taxes
I agree with you that XOM's dividend yield is too low but you have to remember that Exxon has raised its dividend EVERY YEAR for the last 30 years. That's a pretty impressive record. And they usually make their dividend increase announcement either at the end of April or the first week of May, so if they follow their pattern we should hear about a div increase soon.
Exxon Mobil Raises Dividend to 63 Cents a Share