After Sinking Nearly 30%, This Top Dividend Stock's Yield Is Approaching 4%. Time to Buy?
Shares of ConocoPhillips (NYSE: COP) have sunk almost 30% over the past year. The primary factor weighing on its stock has been falling oil prices. On a more positive note, the oil stock's slump has pushed its dividend yield up closer to 4%, well above the S&P 500's sub-1.5% yield. Here's a look at whether now's a good time to buy ConocoPhillips for dividend income. Image source: Getty Images.Continue reading
Shares of ConocoPhillips (NYSE: COP) have sunk almost 30% over the past year. The primary factor weighing on its stock has been falling oil prices.
On a more positive note, the oil stock's slump has pushed its dividend yield up closer to 4%, well above the S&P 500's sub-1.5% yield. Here's a look at whether now's a good time to buy ConocoPhillips for dividend income.
Image source: Getty Images.
