COP announced that it is raising its dividend from $.66 to $.69 per quarter which is a 4.5% boost! Well, Conoco is in good standing again. No reason to be concerned about a frozen dividend anymore. I'm very pleased with the announcement because I would hate to have sell a quality company such as COP.
Maybe the board of directors read my recent post and decided to keep me as a shareholder! HAHA!
I think it was more likely your clever "Why U No Increase" graphic. You should use that again in the future.
ReplyDeleteHaha!! Be on the lookout for more memes, I'll have start incorporating those into the blog more often.
DeleteCheck out www.memecenter.com if you find humor in silly things like that!
Hello CI,
ReplyDeleteConocoPhillips board of directors here. Yes we love your blog and also noticed you'd be happy with with a 5% increase. We figured 4.5% is close enough.
Keep it up
HA!!! Love it!
DeleteVery funny comments by The Executioner and Anonymous. Gave me a good laugh. Hope BWP and LINE fall in line.
ReplyDeleteI think BWP will be sold in the next month or two. LINE, I don't know. My bet is that the SEC won't find anything wrong, but the Berry Petroleum acquisition is in jeopardy. Will be watching it closely.
DeleteI was glad to see this increase because I had been a bit worried about it. However since they do have a history of keeping the dividend constant for longer than 1 year I figured it was coming. After the spinoff I was fine giving them a bit more leeway than normal but I was still getting a bit nervous. Consider my nerves calmed.
ReplyDeleteI feel the same way. They can say they are committed to increases and a compelling dividend, but I need to see it! Now we're good!
Deletehaha, your post was timely. I knew it was just a matter of time before they raised it. I figured they might wait until later in the year but this is even better. There's a pretty good article I read this morning on SA about a lot of their recent investments into higher margin ventures. Long COP.
ReplyDeleteI'll have to check it out, thanks for the tip!
DeleteOnce I read somewhere something like buying a gas company and you never have to worry about gas prices at the station. I wonder if COP is the one and it seems like it is. I like the increase and since I do not have this type of the company in my portfolio I am seriously thinking on adding it.
ReplyDeleteAn oil company would be a nice addition, but I do think they are a bit pricey right now. XOM, CVX, and COP are all nice picks. Each have treated shareholders very well. It's nice to own part of a business and be treated like an owner too. XOM and CVX are my favorites, but honestly COP isn't bad either.
DeleteWay to persevere with COP! I had to deal with a similar situation throughout the Boeing 787 delays when the dividend was not being raised and was wondering when COP would start to raise the dividend again.
ReplyDeleteHehe, the next worry is INTC. Intel, however, is on a short leash...
Delete