ConocoPhillips Shares Cross 4% Yield Mark

DividendChannel.com
August 5, 2011

According to Dividend Channel, in trading on Friday, shares of ConocoPhillips (COP) were yielding above the 4% mark based on its quarterly dividend (annualized to $2.64), with the stock changing hands as low as $65.25 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1998 — you would have paid $123.31 per share. Fast forward to 12/31/2010 and each share was worth $125.75 on that date, a mere $2.44 or 2% increase over all those years. But now consider that you collected a whopping $20.53 per share in dividends over the same period, increasing your return to 18.6%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.4%; so by comparison collecting a yield above 4% would appear considerably attractive if that yield is sustainable. ConocoPhillips (COP) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of ConocoPhillips, looking at the history chart for COP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.

COP Dividend History


Date

Div*


07/21/11

0.660


05/19/11

0.660


02/17/11

0.660


10/27/10

0.550


07/29/10

0.550


05/20/10

0.550


02/18/10

0.500


10/28/09

0.500


07/29/09

0.470


05/21/09

0.470


02/19/09

0.470


10/29/08

0.470


07/29/08

0.470


05/22/08

0.470


02/21/08

0.470


10/29/07

0.410


07/27/07

0.410


05/17/07

0.410


02/15/07

0.410


10/27/06

0.360


07/27/06

0.360


05/18/06

0.360


02/16/06

0.360


10/27/05

0.310


07/27/05

0.310


05/12/05

0.310


02/11/05

0.250


10/27/04

0.250


07/28/04

0.215


05/13/04

0.215


02/18/04

0.215


10/29/03

0.215


07/29/03

0.200


04/28/03

0.200


02/18/03

0.200


10/31/02

0.200


08/07/02

0.180


04/26/02

0.180


02/19/02

0.180


10/29/01

0.180


07/26/01

0.180


04/26/01

0.170


02/16/01

0.170


10/26/00

0.170


07/27/00

0.170


04/27/00

0.170


02/16/00

0.170


10/28/99

0.155


07/29/99

0.155


04/29/99

0.155


02/10/99

0.155


10/29/98

0.124


07/30/98

0.124


04/29/98

0.124


01/29/98

0.124


10/30/97

0.099


07/30/97

0.099


04/30/97

0.099


01/30/97

0.093


10/30/96

0.085


07/31/96

0.085


05/01/96

0.081


01/31/96

0.081


11/01/95

0.081


08/02/95

0.081


* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.




COP+Dividend+History+Chart
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COP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, COP makes up 6.22% of the Active Mega Cap Fund ETF (PMA) which is trading lower by about 3.3% on the day Friday.

See what other ETFs contain COP »

See what other stocks are held by PMA »

COP operates in the Oil & Gas Refining & Marketing sector, among companies like Green Plains Renewable Energy Inc (GPRE) which is up about 1.8% today, and Alon USA Energy Inc (ALJ) trading lower by about 6.8%. Below is a three month price history chart comparing the stock performance of COP, versus GPRE and ALJ.

COP,GPRE,ALJ Relative Performance Chart
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COP,GPRE,ALJ Relative Performance Chart

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