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Broadcasting Stock Bucks Legacy Media Downtrend with 4.5% Yield

Hello and welcome to Dividend Brief, the 2-times-weekly newsletter focused on dividend investing.

Today, we will look into Exxon Mobil, Procter & Gamble, and IBM, highlight a few dividend stocks worth watching as well as share companies that are about to pay a dividend in the next few days. 

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Oil & Gas

Exxon Mobil Secures Brazil Offshore Oil Rights in Bold Growth Push

Exxon Mobil (NYSE: XOM) has secured major exploration rights in Brazil’s Equatorial Margin, partnering with Petrobras to win 10 offshore oil blocks.

The auction win positions Exxon to tap into one of the most promising oil frontiers outside the Middle East.

This marks a bold step as Exxon doubles down on oil and gas while some rivals shift focus toward renewables.

Brazil’s government offered exploration blocks across several basins, but the Equatorial Margin attracted the most competition.

Exxon’s win with Petrobras shows its confidence that Brazil’s regulators will finally approve drilling in the region after long delays.

Exxon’s experience operating in neighboring Guyana gives it an edge, as the geology may offer similar rich reserves.

For current shareholders, this development highlights Exxon’s strong commitment to growing future oil production.

The move could help secure new reserves at a time when global energy demand remains high.

Investors should watch how Brazil’s environmental regulators handle permits, as the timing of actual drilling could affect Exxon’s growth pace.

Those considering buying into Exxon should study the company’s steady focus on traditional energy assets.

It reflects management’s confidence that oil will stay central to the global economy for years to come.

The partnership with Petrobras helps share risks and could smooth regulatory approvals.

XOM currently trades at $113 and pays a dividend of $3.96 per share, a yield of 3.49%.

Consumer Goods

P&G Unveils Massive Supply Chain Shake-Up as It Targets $1.5 Billion in Annual Savings

Procter & Gamble (NYSE: PG) has announced a comprehensive two-year supply chain overhaul, aiming to drive $1.5 billion in annual savings while navigating economic uncertainty and rising trade tensions.

The plan, set to begin in fiscal 2026, includes right-sizing production, closing certain operations, and discontinuing underperforming brands.

The initiative will incur a pre-tax cost of between $1 billion and $1.6 billion.

This move comes as P&G faces softening consumer spending and monitors the potential impact of new U.S. tariffs.

For investors, this signals that P&G is not sitting still amid economic pressures.

The company is working to protect margins, control costs, and position itself for long-term growth.

These efforts could help maintain earnings stability during a challenging period for the sector.

This restructuring reflects a clear strategy to future-proof operations.

It may spark fresh investor interest as P&G doubles down on automation, streamlined production, and a more focused product portfolio.

P&G also plans to eliminate approximately 7,000 non-manufacturing jobs, accounting for about 15% of its workforce, as part of its cost-cutting measures.

PG currently trades at $159 and pays a dividend of $4.23 per share, a yield of 2.67%.

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Enterprise Software

IBM’s Latest AI Software Could Reshape Risk Management for Businesses Worldwide

IBM (NYSE: IBM) announced a major step in artificial intelligence governance and security this week, revealing what it calls the industry’s first software solution that merges AI security with governance into a single system.

The move comes as companies increasingly deploy AI agents across operations, raising fresh challenges in risk, compliance, and trust.

The new software integrates with Guardium AI Security to help businesses manage their AI risks at scale.

From red teaming AI agents to detecting shadow deployments, the tools give companies greater control as AI use expands.

IBM stated that these features also help businesses comply with key regulations, such as the EU AI Act.

For those with a stake in IBM, this shows the company’s intent to capture a leadership position in AI governance, a sector likely to grow sharply as AI adoption spreads.

It signals IBM’s strategy to secure enterprise clients who want to maintain both innovative and compliant AI solutions.

This launch could mark the beginning of a long-term growth area, especially as global regulatory scrutiny of AI intensifies.

IBM plans to roll out further features throughout the year, including agent audit trails and enhanced compliance accelerators tied to major global standards.

IBM currently trades at $286 and pays a dividend of $6.72 per share, a yield of 2.35%.

Dividend Stocks Worth Watching

ONEOK (NYSE: OKE), a leading midstream energy company, boasts a compelling 5.09% forward dividend yield, making it a high-yield standout for investors seeking income from stable natural gas and NGL infrastructure.

Recent acquisitions at attractive valuations position the company for robust growth in 2025 and 2026, with expected dividend increases of 4%-6% annually.

Janus Henderson (NYSE: JHG) is a diversified asset management firm offering a solid 4.34% forward dividend yield, appealing to income investors despite lacking a competitive moat.

Its steady performance reflects resilience, with the stock trading near its fair value, supported by consistent dividend payments.

Nexstar Media (NASDAQ: NXST) is bucking the wider broadcasting downturn trend, delivering a 4.45% forward dividend yield, underpinned by its extensive local TV station network and growing digital media presence.

The stock’s 6% gain since January and fair valuation signal stability, making it an attractive choice for dividend-focused portfolios in a dynamic media landscape.

Dividend Increases

ACU increased its dividend payout to 16 cents per share, a 6.7% rise. Its new forward yield is 1.72%.

MITT expanded its dividend payout to 21 cents per share, a 5.0% increase. Its new forward yield is 11.78%. 

FFMR improved its dividend payout to 50 cents per share, an increase of 2.0%. Its new forward yield is 2.99%.

Dividend Decreases

TTE lowered its dividend payout to 85 cents per share, a cut of 11.4%. Its new dividend yield is 6.14%.

BCE slashed its dividend payout to 16.4 cents per share, a cut of 56.6%. Its new dividend yield is 5.86%.

IJT decreased its dividend payout to 29 cents per share, a cut of 15%. Its new dividend yield is 0.91%.

Gold Rule Incoming (Sponsored)

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Upcoming Dividend Payers

FDX’s ex-dividend date for its upcoming $1.45 payout is on 6/23/25.

DIS’s ex-dividend date for its upcoming $0.50 payout is on 6/24/25.

QSR’s ex-dividend date for its upcoming $0.62 payout is on 6/24/25.

Everything Else

  • Lowe’s CEO warns of AI coming for corporate jobs, telling young workers to avoid the office. 

  • It’s official: U.S. Steel is no longer listed on the NYSE. 

  • A stablecoin bill win could inspire corporate dividend distributors to begin exploring internal crypto strategies, instead.  

  • Nike’s newest launch is delayed in another hit for the struggling dividend stock.  

  • Brookfield is getting out of the private credit game as management sees the (high-flying) space as a bit too crowded these days.

That’s all for today’s edition of the Dividend Brief.

Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!

—Noah Zelvis
DividendBrief.com