They raised it 3 cents last year. I would guess at least that but 4 to 5 cents would put it in the $2.92 to $3.00 range. I think they go with one of those numbers. They have really done a lot better job of managing the land portfolio and getting rid of none core assets plus they are on track to increase reserves every year. Based on how operations are going, anything less than $3.00 per year would make them cheap skates. On all their calls they have been saying they are shareholder friendly and want to support a competitive dividend.
If they bump the dividend to $3 it would be about an 8% rise. Not unreasonable. I don't know if they raise it or not. I've owned COP for years. Dripping my dividends until retirement down the road. COP has been a very nice holding for me.