The new dividend amounts to $3.72 annually. Based on Wednesday’s closing share price of $136.94, the annual yield is about 2.72%, compared with 2.45% under the previous payout.
In section Market Quotes
ConocoPhillips lifts quarterly dividend 11% to 93 cents
ConocoPhillips will pay a quarterly dividend of 93 cents per share, up from 84 cents, after its board approved an 11% increase. The Houston-based exploration and production company said the higher payout is payable Dec. 1 to shareholders of record Nov. 16.
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