ConocoPhillips

New York Stock Exchange
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Slightly Bullish +15

COP Dividend History: 2.50% Yield · $0.84 quarterly | MerryDiv

AI-generated analysis

📊 ConocoPhillips (COP) pays a $3.36 annual dividend ($0.84 quarterly) with a current yield of 2.50% at a share price of $134.26.

🌍 The company operates globally across crude petroleum, natural gas, LNG, and oil sands projects in North America, Europe, Asia, and Australia.

💰 COP maintains a moderate payout ratio of 43.8%, leaving a meaningful buffer of retained earnings to support the current dividend payment.

📈 Historical dividend growth from 2008 to 2025 shows a CAGR of 3.1%, with per-share payments growing from $1.88 to $3.18 over that span.

⚠️ The company's earnings and dividends fluctuate directly with oil and gas commodity prices, creating volatility for income investors.

📉 The current dividend yield of 2.50% is slightly below the five-year average of 2.63%, indicating a modest reduction in historical income levels.

Bullish Signals
  • ConocoPhillips maintains a moderate payout ratio of 43.8%, which supports sustaining the current dividend without requiring exceptional performance from the underlying business.
  • The company's diversified asset base spanning conventional and unconventional production across multiple continents reduces dependence on any single region or resource type.
Risk Factors
  • As an oil and gas producer, COP's earnings and dividend payments are directly exposed to sustained downturns in crude or natural gas prices.
  • The history of dividend cuts and spikes indicates that the payout is shaped by commodity cycles rather than being a predictable compounder.
Full Analysis
ConocoPhillips (COP) is one of the world's largest independent oil and gas exploration and production companies, operating across crude petroleum, natural gas, LNG, and oil sands projects on multiple continents. As of September 6, 2026, the company pays an annual dividend of $3.36 per share ($0.84 quarterly), resulting in a current yield of 2.50% at a stock price of $134.26. The next ex-dividend date is set for August 17, 2026. The company maintains a moderate payout ratio of 43.8%, which provides a buffer of retained earnings to support current payments without stretching the business. This financial discipline is grounded in COP's diversified asset base spanning conventional and unconventional production across North America, Europe, Asia, and Australia, reducing dependence on any single region or resource type. Historically, COP's dividend has shown a compound annual growth rate (CAGR) of 3.1% from 2008 to 2025, though the history includes significant volatility with one year-over-year decline exceeding 5%. The current yield sits slightly below its five-year average of 2.63%, reflecting that income investors are receiving slightly less than the historical norm while accepting earnings volatility tied to energy markets.