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Barchart
Barchart
Mark R. Hake, CFA

ConocoPhillips Could Raise Its Dividend - COP Stock Looks Cheap

COP Conoco ConocoPhillips OTM Barchart Yahoo Finance

ConocoPhillips (COP)could raise its dividend at the end of the month. That implies, based on its average dividend yield, COP stock could be worth over 22% more. Shorting OTM puts is one way to play COP.

COP closed at $91.95 on Thursday, Oct. 9. It's off from a recent peak of $98.99 on Sept. 2, but near the lows of the past 3 months. But the company is making strong free cash flow, which can support a dividend hike at the end of this month. This article will discuss this.

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