ConocoPhillips (COP) Raises Quarterly Dividend 6% to $0.265; 2.2% Yield

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Go back to ConocoPhillips (COP) Raises Quarterly Dividend 6% to $0.265; 2.2% Yield

ConocoPhillips Announces 6 Percent Increase in Quarterly Dividend

January 31, 2017 3:00 PM EST

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today announced that its board of directors has raised the companys quarterly dividend to 26.5 cents per share, an increase of 6 percent. The dividend is payable on March 1, 2017, to stockholders of record at the close of business on Feb. 14, 2017.

Todays announced 6 percent increase in our quarterly dividend rate is consistent with our priorities and an important part of returning 20 to 30 percent of cash from operating activities to shareholders when combined with share buybacks, said Ryan Lance, chairman and chief executive officer. Todays increase represents our intention... More