COP Dividend Increase

On 1/31/17 ConocoPhillips (COP) declared an increase in the quarterly dividend of $0.265 per share.  This is an increase from $0.25 per share for a 6% increase!

We own 61.94 shares of COP (Mr. MMC’s Roth IRA and our Computershare account) so this adds $3.7164 per year in dividends and increases our yearly projected dividend income to a new total of $5,808.08.

This is a bitter sweet raise – many remember the cut from $0.75 a share to $0.25 a share last year.  Good to get a raise but I still remember that sting last year…

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