Thursday, July 11, 2013

ConocoPhillips Raises Dividend

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!

14 comments:

  1. I think it was more likely your clever "Why U No Increase" graphic. You should use that again in the future.

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    1. Haha!! Be on the lookout for more memes, I'll have start incorporating those into the blog more often.

      Check out www.memecenter.com if you find humor in silly things like that!

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  2. Hello CI,

    ConocoPhillips 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

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  3. Very funny comments by The Executioner and Anonymous. Gave me a good laugh. Hope BWP and LINE fall in line.

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    1. I 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.

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  4. I 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.

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    1. I 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!

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  5. haha, 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.

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    1. I'll have to check it out, thanks for the tip!

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  6. Once 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.

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    1. An 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.

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  7. Way 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.

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    1. Hehe, the next worry is INTC. Intel, however, is on a short leash...

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