ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio includes North American shale and oil sands assets; legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. (YahooFinance)
COP is a Dividend Contender with an 14 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 15.5, 17.7, 13.3 and 15.7. (DividendChampions.xls) COP now pays dividends of $0.73 per share in March, June, September and December.
COP's earnings per share has varied a lot and there was a big dip in 2009. Despite the COP has been able to increase their dividend every year, due to a reasonable payout ratio.
Some ratings for COP:
With purchase price $65.98 plus commission ($5.00) my starting yield on cost for COP is 4.41%.
I also added 55 shares of Ensco plc. (ESV) at $33.69 per share plus commission ($5.00). My overall cost basis of this position decreases from $53.17 to $46.29 per share. I totally hold now 155 shares of ESV and my yield on cost is 6.48%. You can look at my first purchase of ESV here.
My last purchases 30 shares of COP and 55 shares of ESV increases €151.20 ($188.20) of expected annual dividend net income, which increases my portfolio projected annual dividend net income to €7950.
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Full Disclosure: Long COP, ESV