10 Best GARP Stocks That Pay Dividends

4. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 66

ConocoPhillips (NYSE:COP) is a multinational energy company, headquartered in Texas. The company is engaged in hydrocarbon exploration and production. It experienced strong production growth in the fourth quarter of 2024, with output increasing 14.8% year-over-year to 2,183 thousand barrels of oil equivalent per day (MBOED). This expansion was largely fueled by strategic acquisitions, including the completion of its Marathon Oil purchase in November 2024. The company also maintained a solid cash position, generating $20.1 billion in operating cash flow for fiscal year 2024, while total cash from operations reached $20.3 billion.

ConocoPhillips (NYSE:COP) returned $3.6 billion to shareholders through dividend payments. The company currently pays a quarterly dividend of $0.78 per share, following a 34% increase in October. This latest hike continues its streak of 10 consecutive years of dividend growth, which places it on our list of the best GARP stocks that pay dividends. The company offers a per-share dividend of $0.78 every quarter and has a dividend yield of 3.24%, as of February 14.

ConocoPhillips (NYSE:COP) has recently prioritized enhancing operational efficiency and expanding its LNG operations. Its success has been driven by strict cost management, seamless integration of acquisitions, and advancements in low-carbon technologies. Committed to lowering its carbon footprint, the company was awarded the Oil and Gas Methane Partnership 2.0 Gold Standard in 2024.