I now hold COP in both a ROTH and a DRIP. BTW the DRIP is free!! Or at least until you sell. When an opportunity like this comes along I often try to buy extra so when it gets a pop I can sell some and still have a nice amount to hold for long term.
COP is not just about the div, It is a multi national oil company with wonderful stats that for several reasons is trading very low. Morningstar has a price target of $73 yahoo has a price target of $67. A 5% div in a quality company and the potential for a ball park 20% price gain is unusual to find.