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Conoco Fattest U.S. Dividend Offers 4% Income Not Growth: Energy

San Francisco Chronicle / Bloomberg -- ConocoPhillips will court income- focused investors with a dividend yield quadruple that of its peers after spinning off its refining business this month to become more of a pure oil and natural-gas producer.

The plan to pay at least 4% will help compensate shareholders for production and earnings growth that trails rivals..

Paying the highest dividend of a major U.S. oil producer without cutting capital spending will challenge ConocoPhillips compared with its new competitors that have lower dividend burdens. Chief Executive Officer designate Ryan Lance gave an update to investors in a webcast today on the company's outlook.

ConocoPhillips's annual dividend of $2.64 a share divided by its closing April 13 stock price of $73.63 produced a yield of 3.6%.

Such a high dividend comes with

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Submitted Apr 17, 2012 By: DellDude2

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Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 18, 2012 11:47:24 AM Ignore Sneakers55 Report Abuse The fat dividends probably won't be much of a problem. ConocoPhillips will be getting $5.8 billion in cash in conjunction with the spinoff of Phillips 66.
OTISFL Champion Author Pensacola Posts:4,610 Points:865,815 Joined:Apr 2009	Message Posted: Apr 18, 2012 4:53:37 AM Ignore OTISFL Report Abuse Looking for stockholders?????
Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 17, 2012 8:59:16 PM Ignore Sneakers55 Report Abuse On Apr 17, 2012 4:38:49 PM, Agarre wrote: >Conoco is back into picture Hottest Brand Going!
Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 17, 2012 8:55:03 PM Ignore Sneakers55 Report Abuse On Apr 17, 2012 11:29:09 AM, I wrote: >Greg Garland (CEO of Phillips 66, the refining business >that will be spun off the end of the month) is also looking >for additional stockholders, but he isn't talking. He's doing his talking through the SEC 10-12B forms Phillips 66 has been filing. >They don't even have a Web site yet (you try to go to >phillips66.com, you get forwarded to phillips66gas.com). Web site will likely come on line April 30th. Phillips 66 has been issued the ticker symbol PSX which is now trading on the "when issued" market at $36 a share.
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Apr 17, 2012 2:38:49 PM Ignore Agarre Report Abuse Conoco is back into picture
ExplorerWA Champion Author Washington Posts:4,083 Points:797,250 Joined:Feb 2011	Message Posted: Apr 17, 2012 2:37:34 PM Ignore ExplorerWA Report Abuse They are sell at a rate of 4%. One might consider them worth a look.
Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 17, 2012 9:51:04 AM Ignore Sneakers55 Report Abuse On Apr 17, 2012 10:44:06 AM, DellDude2 wrote: >Well, can you find a bank CD that pays 4% interest on your savings? As to the maximum you can get as a bank CD, you can get 2.85% monthly coupon (interest paid out and not compounded) for a twenty year callable CD. There's a lot of companies out there that pay a dividend yield of 2.85% or greater. And most dividends are taxed at a 15% or lower rate so that's worth something. >Instead of complaining about "Big Oil" taking all your money, people >might try investing with them. Or the phone company. AT&T and Verizon both have dividend yields exceeding 5%.
Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 17, 2012 9:29:09 AM Ignore Sneakers55 Report Abuse On Apr 17, 2012 9:48:38 AM, Point__man wrote: >must be looking for additional stockholders, by posting an >advertisement like that ;) Ryan Lance is most definitely looking for additional stockholders. Greg Garland (CEO of Phillips 66, the refining business that will be spun off the end of the month) is also looking for additional stockholders, but he isn't talking. They don't even have a Web site yet (you try to go to phillips66.com, you get forwarded to phillips66gas.com). [Edited by: Sneakers55 at 4/17/2012 12:31:24 PM EST]
Sneakers55 Champion Author Houston Posts:51,301 Points:2,143,925 Joined:Nov 2005	Message Posted: Apr 17, 2012 9:23:15 AM Ignore Sneakers55 Report Abuse On Apr 17, 2012 9:38:42 AM, Don20 wrote: >Look at the posted price on all Conoco station its always >ten to fifteen cents more in this area. Conoco and Phillips 66 are among the cheapest Top Tier brands in this area. >I purchase at mom & Pope station much cheaper... Mom & Pope station? I've never heard of a church that considered pumping fuel to be one of their ministries.
BudsterMO Champion Author Kansas City Posts:3,710 Points:703,930 Joined:Aug 2009	Message Posted: Apr 17, 2012 8:47:51 AM Ignore BudsterMO Report Abuse More B school babble. This is the same stuff that got turned into derivatives and credit DEFAULT swaps. Numbers can be made to come out any way you want them to.
DellDude2 Champion Author Nashville Posts:9,409 Points:2,122,510 Joined:Aug 2005	Message Posted: Apr 17, 2012 8:44:06 AM Ignore DellDude2 Report Abuse Penny Pincher wrote: "uhm...okay. Is this supposed to make me want to buy stock?" Well, can you find a bank CD that pays 4% interest on your savings? Instead of complaining about "Big Oil" taking all your money, people might try investing with them. This is not an advertisement, it's a wake-up call.
bluebird1 Champion Author Toronto Posts:15,735 Points:3,108,125 Joined:May 2004	Message Posted: Apr 17, 2012 8:18:14 AM Ignore bluebird1 Report Abuse Sounds like a win only for the speculators + then can whine that refining bus. isn't profitable & close more down, as it has separate books.
Rehorsehay All-Star Author California Posts:871 Points:45,925 Joined:Feb 2012	Message Posted: Apr 17, 2012 8:10:41 AM Ignore Rehorsehay Report Abuse Good for them, but it sounds like more speculation. Risk investment?
TXryder Champion Author Texas Posts:2,709 Points:432,730 Joined:Jan 2012	Message Posted: Apr 17, 2012 8:03:38 AM Ignore TXryder Report Abuse Sounds anti-republican to actually benefit their investors. Maybe its for a tax write-off.... oh I forgot, thanks to Bushnut the corporate tyrants don't pay any taxes.
WebGabe Champion Author Pennsylvania Posts:2,369 Points:496,620 Joined:Jun 2007	Message Posted: Apr 17, 2012 8:01:39 AM Ignore WebGabe Report Abuse Nice.
ibhenry Champion Author San Diego Posts:1,536 Points:457,195 Joined:Jun 2011	Message Posted: Apr 17, 2012 8:01:16 AM Ignore ibhenry Report Abuse Rich=Rich....
Penny_Pincher Veteran Author Columbus Posts:435 Points:22,695 Joined:Aug 2005	Message Posted: Apr 17, 2012 8:01:06 AM Ignore Penny_Pincher Report Abuse uhm...okay. Is this supposed to make me want to buy stock?
Bigtex09 Champion Author Dallas Posts:4,288 Points:1,159,285 Joined:Oct 2009	Message Posted: Apr 17, 2012 7:56:53 AM Ignore Bigtex09 Report Abuse great
snappytom2 Champion Author Corpus Christi Posts:3,551 Points:274,770 Joined:Jul 2008	Message Posted: Apr 17, 2012 7:56:20 AM Ignore snappytom2 Report Abuse So?
MetroManiac Champion Author Rochester Posts:1,727 Points:279,460 Joined:Apr 2007	Message Posted: Apr 17, 2012 7:55:28 AM Ignore MetroManiac Report Abuse with huge tax payer subsides, who gets the dividend? not us.
30mpg80 Champion Author Lexington Posts:10,028 Points:1,487,855 Joined:Nov 2008	Message Posted: Apr 17, 2012 7:55:16 AM Ignore 30mpg80 Report Abuse Good luck with that
DimitrisIL Champion Author Chicago Posts:1,503 Points:523,740 Joined:Feb 2011	Message Posted: Apr 17, 2012 7:54:48 AM Ignore DimitrisIL Report Abuse ConocoPhillips is doing good. They got a good product demand feeling.
OilOnTheCheap Champion Author Ventura Posts:2,097 Points:450,160 Joined:Jan 2012	Message Posted: Apr 17, 2012 7:51:11 AM Ignore OilOnTheCheap Report Abuse Not surprised.
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Apr 17, 2012 7:50:35 AM Ignore TWS658 Report Abuse Ok.
olebufnav Champion Author Omaha Posts:3,976 Points:1,023,230 Joined:Nov 2008	Message Posted: Apr 17, 2012 7:49:38 AM Ignore olebufnav Report Abuse Sounds like a advert.
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Apr 17, 2012 7:49:16 AM Ignore Toppers Report Abuse Your choice...
Point__man Champion Author Raleigh Posts:4,335 Points:877,695 Joined:Oct 2010	Message Posted: Apr 17, 2012 7:48:38 AM Ignore Point__man Report Abuse must be looking for additional stockholders, by posting an advertisement like that ;)
zimowski Champion Author San Jose Posts:6,671 Points:1,584,465 Joined:Nov 2007	Message Posted: Apr 17, 2012 7:47:31 AM Ignore zimowski Report Abuse Lots of choices for those investment dollars....
Wolfwings Champion Author Delaware Posts:8,740 Points:1,776,465 Joined:May 2004	Message Posted: Apr 17, 2012 7:47:08 AM Ignore Wolfwings Report Abuse More BS from the fat cats.
rippertoo Champion Author Tacoma Posts:5,755 Points:1,141,835 Joined:Jan 2010	Message Posted: Apr 17, 2012 7:45:55 AM Ignore rippertoo Report Abuse Big Deal. America is saved!!!!!!
lonewolfhead Champion Author Texas Posts:1,651 Points:561,990 Joined:Aug 2011	Message Posted: Apr 17, 2012 7:45:04 AM Ignore lonewolfhead Report Abuse OK
Diesel_Ram Champion Author Dallas Posts:6,502 Points:1,518,460 Joined:Jan 2009	Message Posted: Apr 17, 2012 7:43:56 AM Ignore Diesel_Ram Report Abuse Not bad at all.
Car54BC08 Champion Author British Columbia Posts:4,254 Points:1,510,340 Joined:Jun 2008	Message Posted: Apr 17, 2012 7:43:47 AM Ignore Car54BC08 Report Abuse I never buy from Conoco
Travel1st Champion Author Las Vegas Posts:2,925 Points:471,635 Joined:Aug 2011	Message Posted: Apr 17, 2012 7:42:50 AM Ignore Travel1st Report Abuse OK
AnObserver Champion Author New Jersey Posts:8,354 Points:2,257,780 Joined:Sep 2005	Message Posted: Apr 17, 2012 7:41:33 AM Ignore AnObserver Report Abuse ++ Paying the highest dividend of a major U.S. oil producer without cutting capital spending will challenge ConocoPhillips compared with its new competitors that have lower dividend burdens. ++ Perhaps they should consider cutting their pump price a bit to attract consumers
cheap59 Champion Author Michigan Posts:4,240 Points:962,270 Joined:May 2010	Message Posted: Apr 17, 2012 7:40:46 AM Ignore cheap59 Report Abuse How does this affect my gas prices?
orcar Champion Author Boise Posts:2,058 Points:777,765 Joined:Jun 2010	Message Posted: Apr 17, 2012 7:39:52 AM Ignore orcar Report Abuse ok.
KnoxGasPriceSpy Champion Author Knoxville Posts:140,856 Points:919,820 Joined:Oct 2010	Message Posted: Apr 17, 2012 7:39:41 AM Ignore KnoxGasPriceSpy Report Abuse you'd think they would pay a better dividend...
Don20 Champion Author Oklahoma City Posts:9,672 Points:2,619,630 Joined:Mar 2005	Message Posted: Apr 17, 2012 7:38:42 AM Ignore Don20 Report Abuse Paying the highest dividend of a major U.S. oil producer without cutting capital spending will challenge ConocoPhillips compared with its new competitors that have lower dividend burdens They think their gas is better. Look at the posted price on all Conoco station its always ten to fifteen cents more in this area. I purchase at mom & Pope station much cheaper...
rickone All-Star Author Detroit Posts:545 Points:392,685 Joined:May 2004	Message Posted: Apr 17, 2012 7:38:14 AM Ignore rickone Report Abuse Interesting - Thanks for posting.
DABEE1073 Champion Author San Diego Posts:8,205 Points:1,573,085 Joined:Jun 2008	Message Posted: Apr 17, 2012 7:38:11 AM Ignore DABEE1073 Report Abuse WHO MAKES OUT ON THIS ONE, SURELY NOT THE CONSUMERS.
flyfast Champion Author Kansas City Posts:9,248 Points:1,825,810 Joined:Jan 2008	Message Posted: Apr 17, 2012 7:38:04 AM Ignore flyfast Report Abuse WILL HELP YOUR 401K
HelenT Champion Author Buffalo Posts:2,954 Points:598,150 Joined:Apr 2004	Message Posted: Apr 17, 2012 7:37:22 AM Ignore HelenT Report Abuse Nice
40mpgsaturn Champion Author Wisconsin Posts:2,495 Points:521,405 Joined:Jun 2011	Message Posted: Apr 17, 2012 7:37:12 AM Ignore 40mpgsaturn Report Abuse PKVol makes sense!
slvrdo_dsprdo Champion Author Nashville Posts:4,699 Points:913,015 Joined:Jul 2008	Message Posted: Apr 17, 2012 7:36:58 AM Ignore slvrdo_dsprdo Report Abuse Not bad. Can't even get that in a CD or money market account these days.
Jamer Champion Author Las Vegas Posts:8,759 Points:1,636,260 Joined:Jul 2002	Message Posted: Apr 17, 2012 7:34:32 AM Ignore Jamer Report Abuse Business as usual, and that's screwing the consumer.
platinum16434 Veteran Author Houston Posts:289 Points:121,545 Joined:Sep 2008	Message Posted: Apr 17, 2012 7:33:21 AM Ignore platinum16434 Report Abuse We're just minions to them. We have to fork anything that we can get a hold of, while they are given anything that are better for us. Sad. What a contrast view.
Indy1 All-Star Author Quad Cities Posts:877 Points:803,725 Joined:Apr 2008	Message Posted: Apr 17, 2012 7:32:17 AM Ignore Indy1 Report Abuse invest but dont drive
kishoreCA Champion Author Ventura Posts:3,117 Points:392,895 Joined:Mar 2012	Message Posted: Apr 17, 2012 7:32:02 AM Ignore kishoreCA Report Abuse lucky!
kd5kpd Champion Author Texas Posts:3,736 Points:1,416,725 Joined:Apr 2006	Message Posted: Apr 17, 2012 7:30:39 AM Ignore kd5kpd Report Abuse Just goes to show how over priced oil is if they pay that much dividend.