Occidental Petroleum Corporation (OXY) to Issue Quarterly Dividend of $0.26 on July 15th

Occidental Petroleum Corporation (NYSE:OXY) announced a quarterly dividend on Thursday, April 30th. Investors of record on Wednesday, June 10th will be paid a dividend of 0.26 per share by the oil and gas producer on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, June 10th.

Occidental Petroleum has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Occidental Petroleum has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Occidental Petroleum to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 24.8%.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $56.95 on Monday. The firm has a market capitalization of $56.64 billion, a P/E ratio of 14.34 and a beta of 0.14. The company’s fifty day moving average price is $58.68 and its two-hundred day moving average price is $50.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. Occidental Petroleum has a 12 month low of $38.80 and a 12 month high of $67.45.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. On average, research analysts anticipate that Occidental Petroleum will post 5.96 earnings per share for the current fiscal year.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.