Occidental Keeps Dividend Steady

Occidental Petroleum (NYSE: OXY  ) is continuing to pump out dividends for its shareholders.The company has declared its latest quarterly common stock distribution, which is to be $0.64 per share paid on January 15, 2014 to shareholders of record as of December 10. That amount matches each of the oil concern's three preceding distributions, the most recent of which is to be dispensed next Tuesday. Prior to that, Occidental paid $0.10 less, or $0.54 per share.

The firm has been a very sturdy dividend payer for decades. In the press release announcing the latest disbursement, it took pains to mention that it has dispensed quarterly distributions continuously since 1975, increasing them every year since 2002.

The just-declared dividend annualizes to $2.56 per share. That yields 2.7% at Occidental's most recent closing stock price of $95.10.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2677723, ~/Articles/ArticleHandler.aspx, 10/21/2014 9:43:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement