COP announced today (5/9) a quarterly dividend of $.66/share. X-dividend date is 5/21 and payable 6/1!
Loving COP.... great valuation and dividend.
Management committed to returning high percentage of profits back to the shareholders.
ex-div is 5-17, record date 5-21
http://www.dividend.com/dividend-stocks/basic-materials/major-integrated-oil-and-gas/cop-conocophillips/
Should see a raise in div next quarter as this is the 4th one at .66 and they have been raising annualy for several years now.
GLTA
So if I buy COP on Friday 5/11, will the trade settle in time so that I can get this upcoming dividend? I get so confused sometimes about the ex-date/etc.
why are you surprise!!! its not like they haven't done this before!! You must have lost alot of money to post such little news story!!
actually they announced this pre spinoff and is why pre spinoff I sold all my cop shares and bought cop when issued with the proceeds, it turned out real well as I in reality sold PSX at a high price and the cop wi went up and PSX went down from the point of sale but what prompted it was that cop would be paying a 5% dividend and PSX would only be paying a 2% and I really didn't like the refining side at this point in politics.
That is welcome news,this works out to an annual dividend rate of about 4.8% at the current pre-market price of around $54. Isee cop trading higher if market volatility persists
Works for me