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.