In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman take a look at ConocoPhillips' (NYSE:COP) dividend. The company just recently raised its dividend by 4.5% to $0.69 per quarter, or an annualized 4.2% yield. Joel tells investors why this independent exploration and production company is able to maintain such a high yield when others can't, why the company’s focus on production and away from exploration keeps the dividend safe, and what he likes about this company today.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.