The board of directors of ConocoPhillips (NYSE:COP) announced Wednesday they've declared a quarterly dividend of $0.55 a share for its shareholders, an annualized return of $2.20 a share.
For shareholders of record at the close of business on on October 29, 2010, the dividend will be payable on December 1, 2010. October 27, 2010 is the ex-dividend date.
The dividend has a 3.7 percent yield.
Conoco closed Wednesday at $59.70, gaining $0.91, or 1.55 percent.
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