After KMI’s dividend cut couple of months ago, another one bites the dust. COP announced the dividend cut this week. I have been expecting dividend cuts in this sector as I mentioned earlier when I set my goals for the year. COP announced a 66.2% dividend cut (from quarterly dividend of $0.74/share to $0.25/share). I own 50 shares in COP and this reduces my projected annual dividends by $98.00. This is a bigger dent compared to dent of ~85+ with KMI. Ouch.
I hold so many stocks in this sector – CVX, BBL, BP, NOV and BBL. Need to wait and see what happens.
My new projected annual dividends stands at $$3,232.41 now.
2 thoughts on “Dividend Cut – COP”
I own CVX and BBL and sadly I think BBL is next 😦
Probably… BBL is at the edge and I think that a dividend cut is coming anytime now. BBL’s dividend is coming up in March and need to see what happens.
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