ConocoPhillips (NYSE:COP) announced the recent increase in dividends


Dallas, Texas 07/15/2013 (Financialstrend) – ConocoPhillips (NYSE:COP), a company with primary operations related to crude oil, natural gas liquids, liquefied natural gas and bitumen with sales in the international markets, recently rewarded all its shareholders again through the announcement of cash dividends to the investors. The company announced an increase of dividends by 4.5% in the previous week which had finally been set at 69 cents per basic and diluted share. The Houston-based oil exploration company announced that the recent increase in dividends by 3 cents per share will be payable to its shareholders who hold the stock as on the market close of July 22, 2013. The dividend payment will be made to the shareholders on September 03, 2013 and the increase in dividends is a part of the company’s efforts to pay back the cash and value to its investors, obtained from the returns of capital investments and increased returns from capital. The Chief Executive Officer of COP further announced that the company is highly committed to provide consistent dividend growth to the shareholders in due course of time.

ConocoPhillips (NYSE:COP) shares are currently trading at $65.01, up by 0.28%. During the day, the stock fluctuating between low intraday prices of $64.67 to high ones of $65.02 per share. The stock currently has a 52-week low of $52.84 and a 52-week high of $64.85 per share. ConocoPhillips has market cap of $79.47 billion with around 1.22 billion outstanding shares in the market and institutional ownership of 67 percent of the company’s total equity capital. The stock witnessed active trading in around 16.58 million shares on Friday, while the average level of trading activity for the stock is 5.91 million shares per day.

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