ConocoPhillips Declares $0.51 Ordinary Dividend (Unchanged from Prior), VROC Dividend $0.60/Share
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips has declared a quarterly ordinary dividend of $0.51 per share, payable on September 1, 2023, and a VROC dividend of $0.60 per share, payable on October 16, 2023.
August 04, 2023 | 1:02 pm
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NEUTRAL IMPACT
ConocoPhillips has announced a quarterly ordinary dividend and a VROC dividend, which will be payable in September and October 2023 respectively.
Dividend announcements typically have a neutral to positive impact on a company's stock as they represent a return of profits to shareholders. However, as the dividend amount is unchanged from the previous period, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100