Dividend Cut – COP

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s