ConocoPhillips (COP) will raise its quarterly dividend by almost 7 percent to 46 cents per share in 2021. This comes after a dividend hike of 2.4 percent to 43 cents per share announced by COP in 2020. In 2018 the energy company hiked its dividend twice. In 2016 COP however cut its dividend by 66.2 percent.
The next COP dividend is payable on December 1, 2021, to stockholders of record at the close of business on October 28, 2021. A new annual dividend rate of $1.84 per share yields 3.2% at a stock price of $59.71. The next ex-dividend date for ConocoPhillips is
ConocoPhillips is an energy exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The company operates worldwide with business in Alaska, Canada, Europa, North Africa, Asia Pacific and the Middle East. The Europe, Middle East and North Africa segment consists of operations located in the Norwegian sector of the North Sea; the Norwegian Sea; Qatar; Libya; and commercial and terminalling operations in the United Kingdom. The Other International segment includes exploration activities in Colombia and Argentina. ConocoPhillips has paid a dividend to shareholders every year since at least 1983.