UPDATE 1-Exxon boosts dividend 3 percent day after ratings downgrade
April 27, 2016 at 15:22 PM EDT
HOUSTON, April 27 (Reuters) - Exxon Mobil Corp raised its quarterly dividend by 3 percent on Wednesday, a day after Standard & Poor's downgraded the U.S. oil and gas company partly because of its generous payouts to shareholders.
