Exxon Mobil Corp (XOM) stock now has a 3.95% dividend yield to new investors at today's price. That makes XOM stock attractive to value buyers. In addition, put premiums are at high levels. That makes shorting out-of-the-money (OTM) put options in near-term expiry periods attractive as an income play for existing investors.
Exxon pays an annual dividend of $3.80, so at today's price of $96.07. That gives investors almost a 4.0% dividend yield (3.95%) and will reach 4.0% if the stock falls to $95.00.
