• Ocean Man
    Bought CXPO at 5.08. Blue Ocean dip-buy. Bought COP at 53.44. 4.9% yield.
    5/4/12
    Reply (7)
    • Clayton Rulli: are you sure COP div will be that high? if they spun off part of the company how can they pay out the same yield
      5/4/12
    • Ocean Man: The old dividend stays with COP in full, and PSX will add a new, smaller dividend. There are some good articles here on SA about it.
      5/4/12
    • J. Sheehan: Well said. COP went from about $92B to about $72B, and from what I gather, PSX absorbed a lot of the dead weight
      5/5/12
    • J. Sheehan: Allowing COP to down scope and focus on what it does best, presenting a unique opportunity to investors for a good div and growth.
      5/5/12
    • Energysystems: Plus, getting rid of the refining sector of their business, should(imo) improve their overall margins. I'm considering adding COP...
      5/5/12
    • Energysystems: Especially with the bullish outlook for future dividend increases. They want a divi yield in the 6-8% range within the near term.
      5/5/12
    • bigazul: Does the dividend schedule stick? Or has it been pushed to the right after the spin-out. Haven't seen an announcement yet.
      5/7/12