Looking at the universe of stocks we cover at Dividend Channel, on 7/17/20, ConocoPhillips (Symbol: COP) will trade ex-dividend, for its quarterly dividend of $0.42, payable on 9/1/20. As a percentage of COP's recent stock price of $42.03, this dividend works out to approximately 1.00%, so look for shares of ConocoPhillips to trade 1.00% lower — all else being equal — when COP shares open for trading on 7/17/20.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from COP is likely to continue, and whether the current estimated yield of 4.00% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of COP shares, versus its 200 day moving average:
Looking at the chart above, COP's low point in its 52 week range is $20.84 per share, with $67.13 as the 52 week high point — that compares with a last trade of $42.01.
In Wednesday trading, ConocoPhillips shares are currently up about 1.7% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.