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Barchart
Mark R. Hake, CFA

ConocoPhillips May Hike Its Dividend Next Month - Making it a Favorite of Value Investors

ConocoPhillips (COP) could raise its dividend per share at the end of April or early May. With a 10% hike, the stock's dividend yield could rise from 3.3% today to over 3.6%. That is well over its historical dividend yield average, making COP stock a favorite of value investors.

COP is trading at $94.32 today, well off its recent high point of $105.85 on January 17. Given its annual dividend per share (DPS) of $3.12, COP now has a dividend yield of 3.3%.

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