......better get hold of some reliable price targets, below $60 not in the charts for this Dividend payer!!
I DRIP my shares in a tax deferred account. For years now. I don't expect to sell my COP shares.....if ever. When I retire I will take the dividends as cash and live off them the best I can. I have about a dozen stocks like this. T, RRD, BP, QCOM, KKR, GE, some CLE's......painful to see sell offs like we're going through here but I know I'll get more shares cheaper. JMHO.
I'd be very careful about buying at this level because if the price drops below $60 there is nothing but air under that with no strong support until around $45/share. Weak support at around $52/share
JUst buy it and put away....don't look day to day.....it's an investment- remember? LOL !
If you have a long term horizon, and don't need the cash, I would recommend reinvesting the dividends. Really depends on some other factors but in my mind those two I mentioned are the key.......
stock price is lower than it was when oil was $45 .. At now $58 , one would think this would have consolidated the price gain better with this dividend rather than drift down to this level .. now its looking possible it will fall to longer term support at 60 .
Assess your tax situation and your savings plan. Do U hold COP in a IRA? Your age ? Do you need the $ ?
Long term horizon?
Sort out your needs and set a long term plan then execute it. Do research.
your insane to base your questions on what people say here. Do your own research, learn to read basic charts