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The Top 10 S&P 500 Companies with the Lowest Dividend Growth

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Part 11
The Top 10 S&P 500 Companies with the Lowest Dividend Growth PART 11 OF 18

How Did COP’s Dividend Cut Affect Its Dividend Yield?

Why did COP’s 9M17 EPS fall despite revenue growth?

ConocoPhillips’s (COP) revenues and other income recorded 39.0% growth in 9M17. Every segment of the company drove this growth. Its costs and expenses rose 23.0% due to significant impairments.

As a result, COP’s income from continuing operations remained negative after falling 29.0%. These factors translated into negative earnings per share (or EPS) after falling 31.0%. Share buybacks further enhanced the company’s EPS. COP has generated negative free cash flow since 2014.

How Did COP&#8217;s Dividend Cut Affect Its Dividend Yield?

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How has COP’s dividend yield evolved over the years?

ConocoPhillips (COP) took a 66.0% dividend cut in 2016, followed by 6.0% growth in its dividend per share for 2017. COP stock has risen 7.0% on a year-to-date (or YTD) basis and in 2016. This trend explains the downward sloping dividend yield curve in 2016, followed by its current flattened curve.

ConocoPhillips has a dividend yield of 2.0% and a YTD return of 6.8%. These numbers compare to a sector average dividend yield of 1.6% and a PE ratio of 34.0x.

Comparison with broad indexes

The S&P 500 (SPX-INDEX) (SPY) offers a dividend yield of 2.3%, a PE ratio of 22.7x, and a YTD return of 15.5%. The Dow Jones Industrial Average (DJIA-INDEX) (DIA) has a dividend yield of 2.3%, a PE ratio of 21.2x, and a YTD return of 18.7%. The NASDAQ Composite (COMP-INDEX) (ONEQ) has a PE ratio of 25.4x and a YTD return of 25.4%.

The Fidelity Dividend ETF for Rising Rates (FDRR) is a dividend ETF with 6.0% exposure to energy. It has a PE ratio of 17.0x and a dividend yield of 2.7%. The O’Shares FTSE US Quality Dividend ETF (OUSA) is a dividend ETF with 7.0% exposure to energy. It has a PE ratio of 20.2x and a dividend yield of 2.3%.

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