October 8, 2019 - 10:08 AM EDT
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This Oil Stock Is Giving Dividend Investors a Monster Raise

ConocoPhillips' (NYSE: COP) new strategy continues to pay big dividends for its shareholders. That was evident in its recent announcement that it will provide investors with a massive dividend increase as well as keep buying back its stock. It's now the company's fourth dividend increase since launching its new strategy in late 2016. It likely won't be the last, given the company's focus on sending an increasing supply of its cash flow back to its investors.

ConocoPhillips unveiled its 2020 capital return plans this week. The highlight was a monster 38% increase in its quarterly dividend. That will boost the yield up past 3%. That's a much higher level than most of its upstream-focused peers, which typically offer yields of around 1%.

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Source: Motley Fool (October 8, 2019 - 10:08 AM EDT)

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