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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): ConocoPhillips (COP) pays a $3.36 annual dividend ($0.84 quarterly), yielding 2.50% at $134.26/share. Next ex-dividend date 2026-08-17. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.50%
Annual Dividend: $3.36 per share
Payout Ratio: 43.8%
Ex-Dividend Date: 2026-08-17
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 45
ConocoPhillips dividend reflects one of the largest independent oil and gas exploration and production companies in the world, operating across crude petroleum, natural gas, LNG, and oil sands projects on multiple continents. COP currently pays $3.36 per share annually, with dividends paid quarterly and the next ex-dividend date set for August 17, 2026. The current yield stands at 2.5%. With a beta of 0.134, ConocoPhillips stock moves with unusually low volatility relative to the broader market, which appeals to income investors who want energy exposure without sharp price swings.
ConocoPhillips pays out 43.8% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer of retained earnings, which supports the current payment without requiring the business to stretch. ConocoPhillips dividend safety is further grounded in the company's diversified asset base spanning conventional and unconventional production across North America, Europe, Asia, and Australia, reducing dependence on any single region or resource type. The most direct pressure point is commodity price exposure: as an oil and gas producer, COP's earnings fluctuate with energy markets, and a sustained downturn in crude or natural gas prices would compress the earnings that back this payout.
ConocoPhillips dividend history shows a CAGR of 3.1% per year from 2008 to 2025. Per-share payments grew from $1.88 to $3.18 over that span (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 146.0% in 2022, a spike that reflects the volatile nature of energy-sector payouts rather than a new baseline. Growth is slow in most years outside that outlier, and the history also contains at least one year-over-year decline exceeding 5%, so income investors should not expect a straight upward line.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -15.6% | $5.29 (2022) | $3.18 (2025) |
| 5-Year | +13.5% | $1.69 (2020) | $3.18 (2025) |
| 10-Year | +0.8% | $2.94 (2015) | $3.18 (2025) |
COP fits dividend investors who want moderate income from a globally diversified energy producer and can accept the earnings volatility that comes with oil and gas prices. The yield of 2.5% falls squarely in the moderate (2–4%) range, sitting just below the 5-year average of 2.63%, so the current entry point offers slightly less income than the historical norm. The 43.8% payout ratio keeps the dividend from feeling stretched, but the history of cuts and spikes makes this a payout shaped by commodity cycles, not a predictable compounder. What an investor gets is low price volatility (beta of 0.134) paired with a dividend that moves with energy markets.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-17 | $0.8400 |
| 2026-05-11 | $0.8400 |
| 2026-02-18 | $0.8400 |
| 2025-11-17 | $0.8400 |
| 2025-08-18 | $0.7800 |
| 2025-05-19 | $0.7800 |
| 2025-02-14 | $0.7800 |
| 2024-11-08 | $0.7800 |
| 2024-08-12 | $0.7800 |
| 2024-05-10 | $0.7800 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.5200 |
| 2025 | $3.1800 |
| 2024 | $3.1200 |
| 2023 | $3.9100 |
| 2022 | $5.2900 |
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