What I love most as a DG investor is collecting dividends. My close second love would be dividend increases. I love seeing companies increase their dividends year after year.
COP is the latest in dividend increases for my portfolio. I’m happy to be a shareholder and hope to keep accumulating more shares of this wonderful company.
ConocoPhillips announced yesterday a 5.7% increase to their quarterly dividend in the amount of $0.04 from $0.69 to $0.73 per share that’s payable September 2, 2014 to holders of record as of July 21, 2014.
COP is a Dividend Contender and has paid higher dividends consectuively for 13 years. This raise brings their dividend yield to 3.4%. With a payout ratio of only 41%, I believe I can count on COP to keep raising dividends for the forseable future.
Since I own 99.24 shares, this will increase my yearly dividends by $15.88. This is the 25th stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.