ConocoPhillips Q4 Variable Return of Cash Distribution $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips plans a $9 billion return of capital to shareholders in 2024, including an ordinary dividend of $0.58 per share and a Variable Return of Cash (VROC) of $0.20 per share, payable on March 1, 2024, to stockholders of record as of February 19, 2024.
February 08, 2024 | 12:08 pm
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ConocoPhillips announces a $9 billion return of capital to shareholders in 2024, including a $0.58/share dividend and a $0.20/share VROC, payable on March 1, 2024.
The announcement of a significant return of capital to shareholders, including both an ordinary dividend and a VROC, is likely to be viewed positively by the market. This demonstrates ConocoPhillips' financial strength and commitment to shareholder returns, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100