"ConocoPhillips raises quarterly dividend by 4.5%"
Grandma, BRK and I all thank you.
"SAN FRANCISCO (MarketWatch) -- ConocoPhillips /quotes/zigman/294662/quotes/nls/cop COP +0.69% raised its quarterly dividend to 69 cents a share, an increase of 4.5%, the company said Thursday. The dividend is payable in September to shareholders of record as of July 22. "A compelling dividend is a key part of our offering to shareholders and this increase is aligned with our commitment to target consistent dividend growth over time," Chairman and Chief Executive Ryan Lance said in a statement. Shares of ConocoPhillips rose 0.8%, compared with an increase of 0.9% for energy names on the S&P 500 Index."