What I love most as a DG investor is collecting dividends. My close second love would be receiving 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 1.4% increase to their quarterly dividend in the amount of $0.01 from $0.73 to $0.74 per share that’s payable September 2, 2014 to holders of record as of July 21, 2014. While this is much last than the previous .04 increase last year, I’m still impressed with any increase in light of the price of oil.
COP is a Dividend Contender and has paid higher dividends consecutively for 14 years. This raise brings their dividend yield to over 5%!. I believe now is an incredible time to load up on some energy stocks.
You can find all of my dividend increase announcements here.
Im also a share holder and love any increases as well ! Im 23 and check on your blog almost daily Im glad your back to blogging love the tips you give you and many other bloggers have helped me soon to cross the 6 figure amount of my portfolio with all DGI stocks ! CHEEERS !
Hi Alex,
I’m happy to be a fellow shareholder with you! I’m glad you like the blog and I plan to start writing more frequently. Soon, I’ll start posting my trades again. I’m still getting my finances in order.
Congrats on the 100k mark, that’s a huge milestone! I hope you stop by more often!
Take care!
It wasn’t much of an increase from COP but considering I was expecting them to keep the dividend steady I’m happy to see an increase. It’ll be interesting to see how the E&P companies move forward through the low oil price environment.
JC recently posted…Net Worth Update – June 2015
Hey JC,
Yeah, I was happy with any sort of increase in this tough environment for the oil companies. I’m also curious to see what happens if oil prices stay low. I’m tempted to load up on energy companies at these prices and yields though.
Thanks for stopping by!
Glad you’re writing more consistently AAI. Thanks for the post. Hope you get back to blogging full time again and share this wonderful journey with us. Take Care.
Hi Dividend Hustler,
Thanks! It feels good to start writing a little bit again. I’m guessing within another month I’ll be able to start posting all my purchases again and share my journey to FI. I miss this community!
Thanks for stopping by!
AAI,
Nice to see another oil company sticking to dividend growth, great to see right now. Thanks for updating and posting about it!
-Lanny
Dividend Diplomats,
Yes, I’m happy to see them raise the dividend, even though it’s a smaller one. It’s a tough environment for these oil companies but this shows their dedication to rewarding shareholders with dividends.
Thanks for stopping by!