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ConocoPhillips cuts dividend

By: Zimbler0 in POPE IV | Recommend this post (1)
Sun, 14 Feb 16 5:21 AM | 94 view(s)
Boardmark this board | POPES NEW and Improved Real Board

Msg. 03722 of 47202
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ConocoPhillips cuts dividend

http://www.cnbc.com/2016/02/04/conocophillips-cuts-dividend-who-is-safe.html

Now that the first major oil company has slashed its dividend, what other energy companies could be planning to do so, and whose dividends are safe?

ConocoPhillips on Thursday cut its quarterly dividend from 74 cents per share to 25 cents per share.

"While we don't know how far commodity prices will fall, or the duration of the downturn, we believe it's prudent to plan for lower prices for a longer period of time," CEO Ryan Lance said in a statement. "The decision to reduce the dividend was a difficult one."

(Article does continue. Zim.)
( OUCHhh.)

Mad Poet Strikes Again.

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