09-17-2013, 05:23 PM
I just found this little tidbit from COP CEO at Barclays' conference....
"We believe we ought to significantly, deliver a significant portion of our cash flow back to our shareholders each and every year. And as our cash flows and as our margins and our growth develops you ought to see some modest growth in that dividend over time".
"It’s differential to our peers in this group and I think those that follow our stock and have been an owner of our stock know that we raised our dividend about 5% last quarter which is really a commitment to our plans and faith and confidence in our plans and really targeting those kinds of increases over time as our cash and margins grow".
Not exactly what I wanted to hear. The whole article is here....
http://finance.yahoo.com/news/conocophil...05017.html
"We believe we ought to significantly, deliver a significant portion of our cash flow back to our shareholders each and every year. And as our cash flows and as our margins and our growth develops you ought to see some modest growth in that dividend over time".
"It’s differential to our peers in this group and I think those that follow our stock and have been an owner of our stock know that we raised our dividend about 5% last quarter which is really a commitment to our plans and faith and confidence in our plans and really targeting those kinds of increases over time as our cash and margins grow".
Not exactly what I wanted to hear. The whole article is here....
http://finance.yahoo.com/news/conocophil...05017.html