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| Marland Oil Company (Photo credit: Wikipedia) |
When the market sags, look for opportunities to add good, quality stocks. Let's look at Conoco Phillips, COP, in view of the market correction that occurred yesterday.
| DIVIDEND MACHINE | 4/16/2013 |
| Conoco Phillips | COP |
| Price when profiled | $57.06 |
| Last 4 Qtrs Earnings | $6.69 |
| Last 4 Qtrs Dividends | $2.64 |
| Current Qtr Dividend | $0.66 |
| Annualized Div Yield | 4.63% |
| No. Years Div Increase | since 2005 |
| Debt/Equity ratio | 0.45 |
The lesson to learn is that even when other people panic due to stock market swoons, the disciplined income investor finds opportunities. I think COP is an opportunity. You can buy it on sale today.
TheMoneyMadam
