Yesterday, October 7 the Board of Directors of ConocoPhillips announced a quarterly dividend increase of from $ 0.305 to $ 0.42 per share that’s payable December 2, 2019 to holders of record October 17, 2019. The company also announced that it expects to repurchase $3 billion of its shares in 2020. This represents a 37.7% increase to regular quarterly dividends. With current price $ 53.90 (today's open), this raise brings their dividend yield to 3.12%.
“This increase in our ordinary dividend reflects the
significant transformation our company has undergone over the past few years,”
said Ryan Lance, chairman and chief executive officer. “Since announcing our
returns-focused value proposition in 2016, we have improved our underlying
performance drivers and lowered our sustaining price for the business. Given
these enhancements, we are confident we can fund a higher, growing cash
dividend, while maintaining a substantial, consistent buyback program. Since 2016
we have returned about 45 percent of cash from operations to shareholders and
we remain committed to delivering peer-leading return of capital annually.”
Since I own 30 shares of COP, this will increase my
portfolio's projected annual net dividend income by $ 10.28.
This increase raises my YOC to 2.54%.
Summary of 2019 Dividend Increases / Cuts
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
€
|
$
|
€
|
$
|
||||||
1
|
TSX:CU
|
7.48%
|
8.14
|
9.93
|
2
|
O
|
2.04%
|
3.00
|
3.42
|
3
|
OKE
|
0.58%
|
0.65
|
0.75
|
4
|
WEC
|
6.79%
|
1.47
|
1.68
|
5
|
KMB
|
3.00%
|
1.02
|
1.16
|
6
|
INTC
|
5.00%
|
15.81
|
17.88
|
7
|
TELIA1
|
2.61%
|
13.00
|
14.82
|
8
|
NCC
|
-50.00%
|
-86.22
|
-98.61
|
9
|
CVX
|
6.25%
|
10.90
|
12.52
|
10
|
UPM
|
13.04%
|
122.93
|
140.95
|
11
|
GILD
|
10.53%
|
5.47
|
6.26
|
12
|
ADM
|
4.48%
|
3.33
|
3.80
|
13
|
MMM
|
5.88%
|
1.25
|
1.43
|
14
|
BIP
|
6.91%
|
0,77
|
0,87
|
15
|
NESTE
|
34.12%
|
172.84
|
196.45
|
16
|
ORNBV
|
3.45%
|
11.17
|
12.70
|
17
|
KESKOB
|
6.36%
|
10.43
|
11.85
|
18
|
SAMPO
|
9.62%
|
28.86
|
32.77
|
19
|
TSX:BCE
|
4.97%
|
7.79
|
8.84
|
20
|
TEL2
|
10.00%
|
6.42
|
7.24
|
21
|
TROW
|
8.57%
|
8.72
|
9.83
|
22
|
SKT
|
1.43%
|
1.98
|
2.24
|
23
|
CSCO
|
6.06%
|
9.76
|
11.03
|
24
|
PEP
|
2.96%
|
7.25
|
8.19
|
25
|
KO
|
2,56%
|
3.94
|
4.47
|
26
|
KHC
|
-36.00%
|
-59.14
|
-67.05
|
27
|
DLR
|
6.93%
|
22.08
|
25.03
|
28
|
MGA
|
10.61%
|
4.60
|
5.22
|
29
|
TSX:RY
|
4.08%
|
9.60
|
10.89
|
30
|
TSX:BNS
|
2.35%
|
6.16
|
7.02
|
31
|
ETN
|
7.58%
|
3.93
|
4.47
|
32
|
MAIN
|
2.56%
|
3.93
|
4.47
|
33
|
TSX:CM
|
2.94%
|
1.19
|
1.36
|
34
|
TSX:TD
|
10.45%
|
25.07
|
28.51
|
35
|
O
|
0.22%
|
0.34
|
0.38
|
36
|
WPC
|
0.19%
|
0.37
|
0.42
|
37
|
WSM
|
11.63%
|
5.87
|
6.71
|
38
|
KMI
|
25.00%
|
26.38
|
29.80
|
39
|
UNA:AS
|
5.99%
|
5.53
|
6.21
|
40
|
OKE
|
0.58%
|
0.66
|
0.75
|
41
|
LAZ
|
6.82%
|
8.01
|
8.94
|
42
|
JNJ
|
5.56%
|
8.03
|
8.94
|
43
|
MAIN
|
2.50%
|
1.73
|
1.94
|
44
|
BAX
|
15.79%
|
4.80
|
5.36
|
45
|
CAH
|
1.01%
|
0.73
|
0.82
|
46
|
TSX:T
|
3.21%
|
6.21
|
6.96
|
47
|
AQN
|
9.98%
|
17.04
|
19.07
|
48
|
FLO
|
5.56%
|
4.96
|
5.51
|
49
|
O
|
0.22%
|
0.34
|
0.38
|
50
|
TGT
|
3.13%
|
6.08
|
6.85
|
51
|
DUK
|
1.89%
|
1.63
|
1.83
|
52
|
WBA
|
3.98%
|
2.32
|
2.61
|
53
|
OKE
|
2.89%
|
3.34
|
3.73
|
54
|
NTR
|
4.65%
|
2.94
|
3.28
|
55
|
ITW
|
7.00%
|
3.75
|
4.17
|
56
|
TSX:RY
|
2.94%
|
7.27
|
8.06
|
57
|
TSX:CM
|
2.86%
|
2.35
|
2.60
|
58
|
MO
|
5.00%
|
18.82
|
20.86
|
59
|
TSX:BNS
|
3.45%
|
9.43
|
10.47
|
60
|
TSX:FTS
|
6.11%
|
7.89
|
8.71
|
61
|
PM
|
2.63%
|
6.91
|
7.60
|
62
|
WPC
|
0.19%
|
0.38
|
0.42
|
63
|
O
|
0.22%
|
0.34
|
0.38
|
64
|
MCD
|
7.76%
|
4.86
|
5.36
|
65
|
TSX:EMA
|
4.26%
|
6.68
|
7.31
|
66
|
COP
|
37.70%
|
9.37
|
10.28
|
TOTAL
|
€573.43
|
$649.09
|
Increases
have been reported by deducting a 25.5% capital income tax.
Full Disclosure: Long COP
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