ConocoPhillips’s dividend announcement
On October 6, 2017, ConocoPhillips (COP) announced a 4Q17 dividend of $0.265 per share on its common stock. This dividend will be payable on December 1, 2017, to stockholders of record at the close of business on October 16, 2017.
ConocoPhillips’s dividend payout
COP paid its last dividend on September 1, 2016. It paid a dividend of $0.265 per share on its common stock in 3Q17. For the trailing 12 months, ConocoPhillips paid a total dividend of $1.05 per share on its common stock.
As of November 17, 2017, the company’s dividend yield, which measures the trailing-12-month dividend divided by its stock price, stood at 2.1%.
ConocoPhillips’s dividend history
Since 4Q15, COP’s dividend payment has fallen from $0.74 per share in 4Q15 to $0.265 per share in 3Q17. As seen in the above chart, ConocoPhillips’s dividend had dropped steeply in 1Q16 when COP decided to reduce its dividend payment in order to deal with lower crude oil (USO) and natural gas (UNG) prices.