ConocoPhillips (COP) Raises Quarterly Dividend 7% to $0.305; 1.6% Yield

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Go back to ConocoPhillips (COP) Raises Quarterly Dividend 7% to $0.305; 1.6% Yield

ConocoPhillips Announces Increase in Quarterly Dividend

October 5, 2018 1:45 PM EDT

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, an increase of 7 percent, payable Dec. 3, 2018, to stockholders of record at the close of business on Oct. 15, 2018.

Todays dividend action is consistent with our strong operational performance, our focus on margin and cash flow expansion, and our commitment to a differentiated returns-focused value proposition, under which we return a substantial percentage of our cash flows to shareholders through dividends and share buybacks, said Ryan Lance, chairman and chief executive officer of ConocoPhillips. The timing of this action... More