OXY, -0.63% said Friday that its board of directors has declared a regular quarterly dividend of a penny a share, payable on July 15 to shareholders of record as of June 15. Friday’s news was an update to the energy company’s previously announced dividend policy change from March 10, in which Occidental reduced its …
Did Occidental Petroleum suspend its dividend?
Occidental Petroleum Cuts Its Dividend by 86%
Occidental Petroleum slashed its quarterly dividend by 86% on Tuesday, becoming one of the biggest casualties of the recent plunge in oil prices.
Why did Occidental Petroleum go down?
There were technical reasons for the drop and it was short-lived, but the lingering pain of low energy prices took a heavy toll on Occidental. Put simply, low oil prices reduced the value of the assets it had acquired and, worse, made it that much harder to pay for the debt it had taken on.
What is oxy dividend yield?
Dividend Yield 0.15% Annual Dividend $0.04. P/E Ratio N/A.
What stocks have high dividend yields?
25 high-dividend stocks
|Symbol||Company Name||Dividend Yield|
|LYB||LyondellBasell Industries NV||4.70%|
|SAFT||Safety Insurance Group Inc.||4.66%|
|GILD||Gilead Sciences Inc.||4.14%|
Can Occidental Petroleum recover?
Occidental Petroleum Risk
The company, post its Anadarko Petroleum acquisition, bet on oil prices not going below $40 / barrel WTI and its ability to maintain shareholder returns in that case. … Since then, prices have recovered, but there’s no guarantee that’ll continue.
Is Occidental Petroleum a good stock to buy?
Is OXY a good stock to buy? Occidental Petroleum Corporation (NYSE:OXY) has experienced an increase in hedge fund interest in recent months. … Also, our monthly newsletter’s portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points.
What did Oil do today?
|Crude Oil Continuous Contract||$67.15||2.30%|
|Brent Crude Oil Continuous Contract||$70.54||2.60%|
|Natural Gas Continuous Contract||$3.937||-0.58%|
|RBOB Gasoline Continuous Contract||$2.0399||-3.92%|