Cobalt complexes carrying 2‐acetyl‐6‐iminopyridine ligand are synthesized and characterized. Single‐crystal X‐ray diffraction reveals the cobalt ion is chelated with two nitrogen atoms and an acetyl oxygen atom additionally. A significant prolonged Co–O distance (2.3960(57) Å) is found, indicative of a labile character. Activated by diethylchloroaluminum, all complexes show high conversion rates for isoprene and myrcene polymerizations, affording cis‐1,4/3,4 regulated 1,3‐diene polymers. The polymerization of butadiene, interestingly, gives predominant cis‐1,4 selectivity (>99.2%) with moderate activity. The substituent at ortho‐position of arylimine plays a minor role in controlling activity and selectivity as well as the molecular weight of the resultant polymers. The properties of resultant poly(1,3‐diene)s are stable even in a wide range of operational conditions, such as [Al]/[Co] varied from 20 to 600, temperature spanning from 0°C to 60°C, and monomer–catalyst ratio from 1000 to 4000. These additional benefits of minimum fluctuation in catalytic performances may be suitable for industrial polymerization process.