ConocoPhillips (COP) to release Q2 earnings on Aug 6. Analysts expect $2.89/share, up from $1.42 last year. Recent acquisition of BP ECKL also in news.
As ConocoPhillips (NYSE:COP) prepares to release second-quarter earnings on Thursday, Aug. 6, some investors may be eyeing potential gains from the company’s dividends.
As of now, ConocoPhillips has an annual dividend yield of 2.85%.
That's a quarterly dividend amount of 84 cents per share ($3.36 a year).
To earn $500 monthly from ConocoPhillips, start with a yearly target: $6,000 ($500 x 12 months).
Next, take this amount and divide it by COP’s $3.36 dividend: $6,000 / $3.36 = 1,786 shares.
The oil and gas producer posted adjusted earnings of $3.24 per share, topping analyst estimates, as average realized prices…
ConocoPhillips stock rises after acquiring a 42% stake in BP's Iraq venture amid a broader market rotation into energy.
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