ConocoPhillips (COP) Lowers Quarterly Dividend 66.2% to $0.25; 2.6% Yield
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UBS Cuts Price Target as ConocoPhillips (COP) Cuts Dividends and Guidance
February 5, 2016 10:00 AM ESTUBS maintained a Neutral rating on ConocoPhillips (NYSE: COP), and cut the price target to $38.00 (from $42.00), following the company's 4Q earnings report. COP cut its quarterly dividend from $0.74/sh to $0.25/sh, implying a dividend yield of ~2.8% (vs. ~7.9% prior). COP also further reduced its 2016... More
ConocoPhillips (COP) Misses Q4 EPS by 25c; Slashes Dividend 66%
February 4, 2016 7:04 AM ESTConocoPhillips (NYSE: COP) reported Q4 EPS of ($0.90), $0.25 worse than the analyst estimate of ($0.65).
The company announced that its board of directors approved a reduction in the companys quarterly dividend to 25 cents per share, compared with the previous quarterly dividend of 74 cents per share. The dividend is payable on March 1, 2016 to... More
