ConocoPhillips (COP) Dividend
ConocoPhillips · Energy · Oil & Gas E&P · quarterly payer
As of Nov 5, 2026, ConocoPhillips (COP) pays a quarterly dividend of $0.84 per share, or $3.36 a year, a 2.45% yield at its $138.91 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 4 years in a row and has a dividend safety grade of A.
Forward Yield
2.45%
Annual Dividend
$3.36
Payout Ratio
44%
5-Yr Growth
13.5%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Key facts about COP's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, ConocoPhillips (COP) has a forward dividend yield of 2.45%, based on an annual dividend of $3.36 per share and a share price of $138.91.
- As of Nov 5, 2026, COP's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, ConocoPhillips (COP) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
- COP last cut its regular dividend in 2016.
- COP's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.84 per share.
- As of Nov 5, 2026, COP pays out 44% of its trailing 12-month earnings as dividends (its payout ratio).
- COP's dividend has grown at an average rate of 13.5% a year over the past five years.
- As of Nov 5, 2026, COP's 2.45% yield is 31% below its five-year average yield of 3.54%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for COP is $73.26 per share, 47% below the $138.91 share price, so COP screens as overvalued.
- ConocoPhillips (COP) pays its dividend quarterly, 4 times a year.
- ConocoPhillips (COP) has raised its regular dividend 34 times and cut it 3 times across the 187 payments on record since 1982. Its most recent change was a 7.7% increase to $0.840 per share, going ex-dividend on Nov 17, 2025. The last cut went ex-dividend on Nov 13, 2023.
Cite this page
SmarterDividends, "COP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/COP
Is COP a good dividend stock?
YesConocoPhillips (COP) pays a quarterly dividend yielding 2.45% ($3.36/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (44%)
- Strong 13.5% 5-yr dividend growth
- 120% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 2.45%
- Payout Ratio
- 44%
- Annual Dividend
- $3.36
- 5-Yr Avg Growth
- 13.5%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.16
- Market Cap
- $166.9B
- P/E Ratio
- 18.4
- 5-Yr Total Return
- 120%
- 52-Week Range
- $85.57 – $154.28
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2016)
COP dividend raises and cuts
ConocoPhillips (COP) has raised its regular dividend 34 times and cut it 3 times across the 187 payments on record since 1982. Its most recent change was a 7.7% increase to $0.840 per share, going ex-dividend on Nov 17, 2025. The last cut went ex-dividend on Nov 13, 2023.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 17, 2025 | Raise | $0.780 → $0.840 | +7.7% |
| Feb 15, 2024 | Raise | $0.580 → $0.780 | +34.5% |
| Nov 13, 2023 | Cut | $0.600 → $0.580 | −3.3% |
| Sep 27, 2023 | Raise | $0.510 → $0.600 | +17.6% |
| Nov 14, 2022 | Raise | $0.460 → $0.510 | +10.9% |
| Oct 27, 2021 | Raise | $0.430 → $0.460 | +7.0% |
| Oct 16, 2020 | Raise | $0.420 → $0.430 | +2.4% |
| Oct 16, 2019 | Raise | $0.305 → $0.420 | +37.7% |
| Oct 12, 2018 | Raise | $0.285 → $0.305 | +7.0% |
| Feb 9, 2018 | Raise | $0.265 → $0.285 | +7.5% |
| Feb 10, 2017 | Raise | $0.250 → $0.265 | +6.0% |
| Feb 11, 2016 | Cut | $0.740 → $0.250 | −66.2% |
Show all 37 changes since 1984
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 23, 2015 | Raise | $0.730 → $0.740 | +1.4% |
| Jul 17, 2014 | Raise | $0.690 → $0.730 | +5.8% |
| Jul 18, 2013 | Raise | $0.660 → $0.690 | +4.5% |
| May 17, 2012 | Raise | $0.503 → $0.660 | +31.2% |
| Feb 17, 2011 | Raise | $0.419 → $0.503 | +20.0% |
| May 20, 2010 | Raise | $0.381 → $0.419 | +10.0% |
| Oct 28, 2009 | Raise | $0.358 → $0.381 | +6.4% |
| Feb 21, 2008 | Raise | $0.313 → $0.358 | +14.6% |
| Feb 15, 2007 | Raise | $0.274 → $0.313 | +13.9% |
| Feb 16, 2006 | Raise | $0.236 → $0.274 | +16.1% |
| May 12, 2005 | Raise | $0.191 → $0.236 | +24.0% |
| Oct 27, 2004 | Raise | $0.164 → $0.191 | +16.3% |
| Oct 29, 2003 | Raise | $0.152 → $0.164 | +7.5% |
| Oct 31, 2002 | Raise | $0.137 → $0.152 | +11.1% |
| Jul 26, 2001 | Raise | $0.130 → $0.137 | +5.9% |
| Apr 30, 1997 | Raise | $0.122 → $0.130 | +6.2% |
| Jul 31, 1996 | Raise | $0.116 → $0.122 | +4.9% |
| May 1, 1995 | Raise | $0.107 → $0.116 | +8.9% |
| Oct 29, 1990 | Raise | $0.0953 → $0.107 | +12.0% |
| Oct 25, 1989 | Raise | $0.0839 → $0.0953 | +13.6% |
| Jan 25, 1989 | Raise | $0.0686 → $0.0839 | +22.2% |
| Jul 25, 1988 | Raise | $0.0572 → $0.0686 | +20.0% |
| May 1, 1986 | Cut | $0.0953 → $0.0572 | −40.0% |
| Apr 29, 1985 | Raise | $0.0762 → $0.0953 | +25.0% |
| Apr 30, 1984 | Raise | $0.0699 → $0.0762 | +9.1% |
Frequently Asked Questions
Is COP a good dividend stock?
Yes. ConocoPhillips (COP) pays a quarterly dividend yielding 2.45% ($3.36/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is COP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, COP's fair value is about $73.26 versus a $138.91 share price — so it looks overvalued (-47% vs. fair value).
Is COP's dividend safe?
COP has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2016, debt and yield-versus-history.
What is COP's fair value?
Our blended fair-value estimate for COP is about $73.26 per share, about 47% below the current $138.91 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is COP a buy, hold, or sell?
We don't issue formal ratings, but on the data COP screens as "yes" and overvalued. ConocoPhillips (COP) pays a quarterly dividend yielding 2.45% ($3.36/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will COP cut its dividend?
COP earns a dividend-safety grade of A (80/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does COP pay a dividend?
Yes. ConocoPhillips pays a quarterly dividend of about $3.36 per share annually, a forward yield of roughly 2.45%.
How much dividend does 100 shares of COP pay?
At $3.36 per share a year, 100 shares of COP pay $336.00 a year in dividends before tax, about $84.00 each quarter. Buying them costs about $13,891 at the Nov 5, 2026 price.
What is COP's dividend yield?
As of Nov 5, 2026, COP's forward dividend yield is 2.45%, based on a $3.36 annual dividend and a $138.91 share price.
What is COP's dividend per share?
As of Nov 5, 2026, COP pays $3.36 per share per year, distributed on a quarterly basis.
What is COP's dividend payout ratio?
As of Nov 5, 2026, COP's payout ratio is 44% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has COP grown its dividend?
As of Nov 5, 2026, COP has increased its dividend for 4 consecutive years.
When is the next COP ex-dividend date?
As of Nov 5, 2026, COP's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.84 per share.
COP Price — Last 12 Months
Daily close
Price Return
1 Year
+74%
3 Years
+33%
5 Years
+120%
52-Week Range
$85.57 – $154.28
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is COP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for ConocoPhillips is $73.26 per share, versus a market price of $138.91. That implies 47% of downside.
Fair Value
$73.26
Current Price
$138.91
Downside
-47%
Margin of Safety
-90%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 7.7% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $7.55 EPS, $3.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
COP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full COP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | Sep 1, 2026 | $0.8400 | regular |
| May 11, 2026 | Jun 1, 2026 | $0.8400 | regular |
| Feb 18, 2026 | Mar 2, 2026 | $0.8400 | regular |
| Nov 17, 2025 | Dec 1, 2025 | $0.8400 | regular |
| Aug 18, 2025 | Sep 2, 2025 | $0.7800 | regular |
| May 19, 2025 | Jun 2, 2025 | $0.7800 | regular |
| Feb 14, 2025 | Mar 3, 2025 | $0.7800 | regular |
| Nov 8, 2024 | Dec 2, 2024 | $0.7800 | regular |
| Aug 12, 2024 | Sep 3, 2024 | $0.7800 | regular |
| May 10, 2024 | Jun 3, 2024 | $0.7800 | regular |
| Feb 15, 2024 | Mar 1, 2024 | $0.7800 | regular |
| Nov 13, 2023 | Dec 1, 2023 | $0.5800 | regular |
| Sep 27, 2023 | Oct 16, 2023 | $0.6000 | regular |
| Aug 15, 2023 | Sep 1, 2023 | $0.5100 | regular |
Income Calculator
At $3.36 / yr per share
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