ConocoPhillips (COP) will raise its quarterly dividend by 1.4 percent from $0.73 to $0.74 per share in the second half of 2015. Last year the oil major hiked its dividend by four cents to 73 cents per share quarterly.

The increased dividend is payable on September 1, 2015, to stockholders of record at the close of business on July 27, 2015. The ex-date for this next dividend of 74 cents per share is July 23, 2015.

ConocoPhillips is an energy exploration and production company, headquartered in Houston, Texas. Conoco explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG) in approximately 20 countries, including Norway, the United States, the UK, Canada, Australia, China, Indonesia, Malaysia and Qatar.