3 Energy Dividends You Can Still Trust
It's far more likely to be
increased than get cut.
Matt DiLallo
ConocoPhillips (NYSE:COP) continues to make it clear to investors that its dividend
remains trustworthy. In fact, CFO Jeff Sheets recently said:
Our top priority is the dividend. [A] compelling dividend is a core element of our value
proposition and we think it is still appropriate. We're continuing to drive positive
momentum in our underlying financial returns, a key focus area for us especially in
this lowprice environment.
The company stands so steadfastly behind its dividend because it firmly believes that
having a strong dividend forces it to be more disciplined. Practically, this means that
it won't chase growth for the sake of growth and that it will maintain a strong balance
sheet during good times and bad so that it has the flexibility to continue the payout.
Another reason that ConocoPhillips remains confident that its dividend isn't going
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