The cash pumps are on at ConocoPhillips , and shareholders will soon be drawing their money. The company has declared its latest quarterly dividend, which amounts to $0.66 per share. This will be paid on June 3 to stockholders of record as of May 24. This amount matches the distribution the company has handed out in every quarter since the beginning of 2011. Prior to that, it paid $0.55 per share.
The oil concern is a solid and reliable dividend payer, and tends to increase its payouts over time. Since the summer of 2005, its distribution has climbed from $0.31 per share to the present level.
The current dividend annualizes to $2.64 per share. That yields 4.2% at ConocoPhillips' most recent closing stock price of $63.06.
The article ConocoPhillips Declares Dividend originally appeared on Fool.com.
Fool contributor Eric Volkman and The Motley Fool have no position in ConocoPhillips. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.