I own shares of both Conoco and Exxon stock—I expect to be a great income holding over the next ten to fifteen years. But what I do not expect is for the company to give smooth, linearannual increases in their dividend each year. With a company like Coca-Cola, you know what you are getting: a dividend every ninety days that eventually gets raised each February and then the process repeats itself until the next February. That is not what you should expect with upstream oil MLPs and corporations.
Originally posted 2013-08-04 08:32:43.