How To Earn $500 A Month From ConocoPhillips Stock
Portfolio Pulse from Avi Kapoor
ConocoPhillips (NYSE:COP) shares rose 3.9% to $109.37 amid Middle East tensions. The company offers a 2.85% annual dividend yield, equating to $3.12 per share annually. To earn $500 monthly from dividends, an investor would need 1,923 shares, worth approximately $210,319. Analyst Neal Dingmann maintained a Buy rating but lowered the price target from $145 to $138.
October 02, 2024 | 12:49 pm
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ConocoPhillips shares increased by 3.9% due to heightened Middle East tensions. The company offers a 2.85% dividend yield, and an analyst maintained a Buy rating but lowered the price target to $138.
The increase in ConocoPhillips' stock price is attributed to geopolitical tensions, which often lead to higher energy prices. The dividend yield remains attractive for income-focused investors. The analyst's Buy rating supports positive sentiment, although the lowered price target suggests some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100