ConocoPhillips announced today that the company will offer investors a 20% dividend rate increase this quarter to $.66 per share.
As expected, BP announced today that the company will officially suspend their quarterly dividend in the wake of the Gulf oil spill disaster.
BP will likely be forced to modify their dividend program, but speculation over a possible bankruptcy or acquisition appears remote given these numbers.
Fitch Ratings believes that BP's dividend is safe despite the widespread speculation of an imminent dividend cut.